Not really a trade I recommend, but I figure I'd post it since I'm playing it.
FC has done a pop and drop on the last 3 earnings because they lost less money than expected (which is retarded if you ask me). Options premiums are a bit high, but figured I'd pick up some $22.5 puts. Pay attention to earnings Wed afternoon, and if they lose money and the stock jumps up, short the pop.
Why a money losing company is trading company with no revenue expansion is trading at a P/S ratio of 1.5 is beyond me. Revenue is same as 2015, but they made money that year. Now they're losing money and the stock price is higher. Stupid.
FC has done a pop and drop on the last 3 earnings because they lost less money than expected (which is retarded if you ask me). Options premiums are a bit high, but figured I'd pick up some $22.5 puts. Pay attention to earnings Wed afternoon, and if they lose money and the stock jumps up, short the pop.
Why a money losing company is trading company with no revenue expansion is trading at a P/S ratio of 1.5 is beyond me. Revenue is same as 2015, but they made money that year. Now they're losing money and the stock price is higher. Stupid.
Trade active:
Computerz pumping futures again, waiting until Wednesday afternoon to add a little more. (Keeping the pre-earings position small). Then if they lose money and still pump the stock Thursday morning, I'm going loading up on puts.
Trade active:
Bought a few Feb $22.5 puts just in case earnings are real bad and it tanks.
Waiting to buy $25 puts on Thursday morning,
Waiting to buy $25 puts on Thursday morning,
Comment:
Earnings are neither good or bad, looks like a dead play.
Trade active:
LOL, so they did pop this thing today, Feb $25 puts for the win...
Comment:
Lol, POS. I bet it goes right back to $20, certainly before my Feb puts expire.