Yes I opened a small position today, playing the earnings announcement against tomorrow's opt exp.. This was not a regular trade, more like a directional bet for pure fun and enlightenment.. I will let pinabetal answer your question on APA. Good luck !!!! Cheers
Why do you say it ended the day on a down note? I say it ended on up note. Curious as to why you say that.
I like to find a general trend I think it will do the next day. Then I like to find the early move and have a strategy for either way. I will give my take on both st with some entry prices. HRB- I think it will make a higher high. However, if it doesn't break thru the fairly strong resistance around 24.00-24.10 area pretty quick in the session then I would look at shorting around 23.80 to 24.00. If it breaks thru early in the session then I would watch the intraday tape and short when it appears to top out. I would cover the short the same day on any good profit. I would not attempt to go long tomorrow the 18th. APA -I think they will take it down first so I would look at going long around 65.60 to 65.80 area then sell on any rally that reaches 67.40 or above OR hold and sell the next day if it looks like the close will be up. If instead it is taken up first then I would look to short at 67.90 or above when it appears to take on intraday tape. I would then cover the same day.
Thanks! For your reference HRB sold off modestly after the close on bad earnings....closing @22.65 Does your assessment change based on this ?
Your number is the correct close for regular trading hours. After hours the stock sold off.. http://finance.yahoo.com/q?s=hrb
I took a quick look at HRB's last two hours of trading, and noticed bearish divergences on MACD, MACD Histogram & Chaikin Money Flow. See attached.