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re: Most anticipated earnings beginning the week of 3/19/18

Posted on 3/21/18 at 11:24 am to
Posted by YoungManOldMan
Member since Dec 2017
1882 posts
Posted on 3/21/18 at 11:24 am to
quote:

Lock in the profits imo.




So we are not believing the $98 price tag?

Everything I've read is they are supposed to blow earnings our the water tomorrow.

Is some of this rise inflated?
This post was edited on 3/21/18 at 11:24 am
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167176 posts
Posted on 3/21/18 at 11:30 am to
Thy may eventually hit $98 but they have had a huge rise the past few weeks. For months they were staying in the $40-$44 and are now over $60 per so tomorrow if they hit earnings you will have a lot of people cashing out and taking profits. Sometimes it causes a ripple effect and causes other people to panic sell. There will be a buying opportunity but in the short term if you are buying calls for profit then it's best to sell in anticipation of the sell off.

Again, sometimes it's best to take base hits vs home runs. I could hang on hoping for the home run but that could bite me in the arse too.
Posted by YoungManOldMan
Member since Dec 2017
1882 posts
Posted on 3/21/18 at 11:54 am to
I've got 50 shares plugged away. I put in order to sell at $66. I'm in at 57. If it doesn't hit that. I'll just hold on to it for a while.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26578 posts
Posted on 3/21/18 at 12:45 pm to
I bought April puts on Darden DRI
Posted by mrgreenpants
paisaland
Member since Mar 2018
1421 posts
Posted on 3/21/18 at 1:22 pm to
MU calls(and puts) should continue experiencing a volatility rush until tomorrow afternoon, imo...

maybe tomorrow afternoon a few hours before close is the sweet spot to sell?

once the uncertainty is gone(earnings report).. then volatility will crash which will bring option prices down with it(assuming no massive price swing)
This post was edited on 3/21/18 at 1:33 pm
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167176 posts
Posted on 3/21/18 at 1:25 pm to
quote:

maybe tomorrow afternoon a few hours before close is the sweet spot to sell?



I am thinking the same thing too. I sold a few calls yesterday because I wasn't sure how the market would react to the rate hike today so I reduced my position some but I was way in the black. I left money on the table perhaps but I am taking what I can get due to the overall volatility.
Posted by GeauxMariners
BR
Member since Jan 2010
2322 posts
Posted on 3/22/18 at 8:39 pm to
Knew ctas would kill it for earnings ,but overall market put a damper on it , I expect good day tomorrow though
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