Earnings are high risk binary events. Many traders try to time major directional earnings moves by using technical analysis (me included). Although it often works, it sometime can end up with an unpleasant loss. Before $YUM's earnings, I sent to the Elite Zone members a setup suggesting that $YUM could reach 92$ and complete a bearish Bat pattern (potential...
YUM announces earnings on 10/6 after market close, so if you're going to play this via an options setup, look at getting a fill for whatever you put on prior to the 10/6 New York close. Ordinarily, I trade these using a short strangle or iron condor, with the short call/put legs at or around the 1 standard deviation line for the chosen expiry, which will either...
Sellers have emerged around this resistance level. DYOR as always
Spread is below a support, below the 200 SMA and there's a nice one white soldier candle shaping up.
I think instead of trying to predict direction of stock, you can sell a strangle between 95.5 and 86.5 strike and collect premium. I do it on Dough.com.
shorting on break of the trendline. longing on hold
options looking for a $3.70 move by Friday. Big seller of the weekly 80 calls earlier
It is important to watch what the overall market is doing for this setup to play out.
Arrr... yum broke its short term uptrend back on its downtrend? Gonna check intraday for good entry