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Thoughts of earnings Thursday?

Posted on 1/30/23 at 9:34 am
Posted by dallastiger55
Jennings, LA
Member since Jan 2010
33280 posts
Posted on 1/30/23 at 9:34 am
Apple, Alphabet and Amazon report this week

I’ve been wanting to buy them for a while and hold. Should I buy before or after earnings?
Posted by KillTheGophers
Member since Jan 2016
6748 posts
Posted on 1/30/23 at 9:57 am to
Anyone that answers that is guessing.

If you think those companies are good long term businesses with sustainable / growing revenue and a wide moat, start accumulating.

In 10 years, it won’t matter what the Feb 2, 2023 release was.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11869 posts
Posted on 1/30/23 at 10:17 am to
You should sell puts at a price you want to start adding shares at if you have the margin
Posted by el Gaucho
He/They
Member since Dec 2010
58525 posts
Posted on 1/30/23 at 10:25 am to
It’s all fake business. Every company that reports earnings is just showing how creatively they cooked their books

Until jpow is honest about the inflation and these blue chips are honest about how they’re not profitable things will keep going in the wrong direction
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 1/30/23 at 4:43 pm to
I agree. And if the strike doesn’t get assigned, pocket the premium and adjust to another weekly or monthly strike that suits his goal/price target.

It’s all about what he’s comfortable doing. But I’ve been selling cash covered puts against a desired stock (IBM) for over a year. I’ve been assigned once, had it called away at a higher price and will continue selling puts and pocketing premium until I get assigned at a desirable price again. It’s not for everyone, but it’s a strategy that I’ve used for years on certain equities. And in the case of IBM, the returns have been much better than if I’d just held the stock over that time period. But YMMV.

ETA: And if one goes this route, you’d typically sell options just before the earnings announcement to capture the implied volatility/option premium surge (generally there’s an ensuing IV crush after the earnings announcement).
This post was edited on 1/30/23 at 6:21 pm
Posted by Double Oh
Louisiana
Member since Sep 2008
23413 posts
Posted on 2/2/23 at 10:50 am to
Looking pretty good today
Posted by FLObserver
Jacksonville
Member since Nov 2005
15850 posts
Posted on 2/2/23 at 10:51 am to
I'm sure one will go up and the other two down. I own all at the high end so two up and one down would be nice
Posted by Double Oh
Louisiana
Member since Sep 2008
23413 posts
Posted on 2/2/23 at 11:36 am to
quote:

'm sure one will go up and the other two down. I own all at the high end so two up and one down would be nice




I own all 3 too so its nice to see some positive movement like today on these 3
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 2/2/23 at 1:28 pm to
SBUX and F are also on deck. I’m selling puts against those two. I’ve got covered calls on AAPL - hoping to get rid of some AAPL that’s been sitting in my trading account for a few months after I got assigned off some short puts. I never sell calls against what I’ve owned for years in my investment account.

Not sure what I might do on GOOG and AMZN. This major rally has thrown my system out of whack.
Posted by Double Oh
Louisiana
Member since Sep 2008
23413 posts
Posted on 2/2/23 at 6:06 pm to
All 3 missed..
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 2/3/23 at 6:25 am to
quote:

All 3 missed


Missing already lowered expectations.

If the market begins forgiving bad earnings on the guise that interest rates will be cut 2H 2023, this will be the tell we're in a new bull market. I was joking the other day in the penny stock thread, but Powell probably ignited it with his comments.

But it will just be another mistake by the stock market when the realization comes that:
1. Rates won't be cut; or
2. The economy contracts more than forecast

Stock market later this year: oops
Posted by Double Oh
Louisiana
Member since Sep 2008
23413 posts
Posted on 2/3/23 at 10:43 am to
Apple up $6 today so far
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