Next week is a busy week for earnings. Some notable stocks to keep an eye on, all after-hours. Tuesday, April 21 CMG YHOO Wednesday, April 22 EBAY FB Thursday, April 23 GOOGL AMZN MSFT Monday, April 27 AAPL I'm bullish and am considering OTM weekly calls on FB, GOOGL, AAPL and QQQ.
Im holding QQQ 110 Monthly May bought them cheap this month and expect them to get itm in the near future.
It's getting very close, will next weeks earnings get the ball rolling? I think so. Today Nasdaq: 5,007.79 QQQ: $107.69 March 2000 (all time high) Nasdaq: 5,048.62 QQQ: $117.56 I will be posting a weekly OTM option trade sometime next week. Perhaps GOOGL.
I have entered a GOOGL earnings weekly OTM call option trade. Filled at: 15:38:21 ET. GOOGL at $545.15. 52 week range $490.00 - $608.00. Bought 1 GOOGL April24 585.00 weekly call at $0.85 4 Days to expiration. GOOGL earnings Thursday April 23. GOOGL price target after earnings $590.00+ PREVIOUS GOOGL TRADES April 07 - $100 - $0 - GOOGL - Bought 2 April10 557.50 Calls at $0.50 April 12 - $77 - $0 - GOOGL - April17 OTM Calls Total Debit: $177 Total Credit: $0 Total P/L: -$177 (Commissions not included)
Closer to testing the waters than a proven system. I follow 10 stocks plus the QQQ. FB GOOGL AMZN PCLN NFLX TWTR TSLA AAPL GMCR CMG QQQ Almost every week one of those stocks will have a 10x with one of the OTM calls or puts, and my goal is to try and be in on a 10x trade or close to it. The big barrier is timing and selecting the right stock/option combo. Most trades I have done lose 100% of the debit, which is my stop loss. So far this year I hit one 10x, 6x, and a few 3x and 2x trades which make up for the losing trades. The profitable trades have given me a modest profit. My goal is to reduce the amount of losing trades.
Great, I like the detail of your trades, a breath of fresh air. Best wishes, hope you can get some good rhythm going to eventually up the the size.
RECAP GOOGL at $549.18 Position is still open, bid at $1.40. Earnings tomorrow after the bell. I'm looking for a 7.5% / $42.00 (GOOGL $590.00+) or greater increase after earnings, based on today's close. My plan is to exit sometime on Friday.
I have decide to take one in the hand instead of two in the bush. Sell-to-close 1 GOOGL April24 585.00 Call at $1.50. Filled at: 11:30:21 ET.
Was it really a good idea? If you still believe your prediction of 590+, you could have sold the 590 C for 1.05. Since you already paid .85, you would have been in a 5-wide CS for a credit... and potentially making $5 based on your own call.