Released Earnings: 12/3 Pre-Market
Type: Post-Earnings
Exit: 12/8
PA ≈ 2%
Why? Over the last 11 quarters, during the 3 days to earnings,
$DG has seen a positive move 73% of the time with an average return of 1.1%. The short atm put spread provides great exposure to this as it has worked 80% of time (excluding the March report during the Covid-19 crash), with an average return of +14%.
Expected Earnings: 12/9 Pre-Market
Type: Pre-Earnings
Exit: 12/8
PA ≈ 1%
Why? Over the last 12 quarters, during the week prior to earnings,
$PLAB has seen a positive move 83% of the time with an average return of +2.3%. The atm Call provides great exposure to this as well as likely run-up in IV.
Released Earnings: 12/3 Post-Market
Type: Post-Earnings
Exit: 12/17
PA ≈ 10%
Stop Loss = 5%
Why? Over the last 11 quarters, during the two weeks following to earnings,
$KIRK has seen a positive move 73% of the time with an average return of +10.1%.
$KIRK just released a very strong earnings report, with the stock trading as high as +25% today and has a 54% strength technical buy signal as well as 23% strength bullish options flow signal.
Expected Earnings: Today After Hours
Type: Thru-Earnings
Exit: Tomorrow
PA ≈ 8%
Why? Over the last 12 quarters,
$ZUMZ has seen a positive earnings opening gap 67% of the time (100% of the time for the last 6 quarters) with an average return of +7.8%.
$ZUMZ currently has a 57% strength technical buy signal and a 40% strength increasing bullishness options flow signal.
$ZUMZ also trades currently at an 8% discount to its average street price target. According to Estimize, Wall Street EPS and Revenue estimates are currently understated by 13% and 4% respectively.
all option expirations are the nearest expiry date following the recommended exit date
