Earnings plays...

Fully scaled into a few $NET puts for a potential sell the news earnings report Jan 21 $150p

Started to scale into $SNAP calls on todays dip based on history of popping after earnings reports Nov 19 $75c

*trading earnings is risky, and these are both small positions

Are you guys planning any trades around earnings? 👇

🦜
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Tim Esteben's avatar
I tend to trade directly after earnings rather than speculate on what will happen beforehand. There's usually a window right after the algorithms digest earnings and right before other humans have that still leaves an opportunity to arbitrage the pricing in of results.
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ParrotStock's avatar
@parrotOctober 18
Author
True, especially if you trade shares, usually price action has already happened before options open back up, but you can still get a short window right at the open. What stocks are you watching earnings on?
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Chris Tolvkin's avatar
All eyes are definitely on $NET. Up 4.5% today 👀
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ParrotStock's avatar
@parrotOctober 18
Author
Crazy price action. I'll probably get destroyed on these Puts, but I'm holding to earning to see if the thesis plays out. Probably (not probably, I definitely did) started scaling in too early. But that's why I picked the Jan options, so Theta doesn't kill me while it plays out.
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