Sorry for my late post. Yesterday was sort of up and down. I did very well with my ISRG straddle and with my NFLX condor but PCLN just couldn't go up this week and AAPL was down. Also, what happened with Google? They report earnings that missed the expectations by a mile and the stock was down a ton after hours. But once the market opened Google started going up and only ended being down $14 which made me lose on my straddle. Overall it was another bad week for me as I dropped $900. I made a few withdrawals and my account balance is currently at $5,200. I am going to take less risk this coming week and will look to make 5-10%.
Jonny
This comment has been removed by the author.
ReplyDeleteI read earlier that you based some of your trades on the release of Earnings Reports. What type of things are important to look at within the Earnings Reports which help determine the factor of positive or negative price movement?
ReplyDeleteThanks
Earnings plays are very exciting and can be very profitable if you are right. The things I look at are:
Delete1. How has the stock performed over the past 3 months. If the stock has gone up a lot more than it should based on technicals you tend to see some correction after the earnings are reported.
2. I look for stats like PEG, Short Interest, cash, debt, etc. The PEG will show if the stock is over or undervalued. You want to avoid a short squeeze so stocks with high short interest can raise this risk.
3. What are the future projections of the stock? A stock can be very expensive today but if people believe the company will become great in the future it will keep the stock up.
Jonny