I entered an earnings play on NVDA.

I placed exited orders on INTC, LMT and QCOM at their price targets that have not yet been filled. If any are filled by the closing bell I shall update Outcomes with results.

By Tim Bovee, Portland, Oregon, Feb. 9, 2017

 

NVIDIA Corp. (NVDA)

Update 2/10/2017: NVDA declined immediately after earning were publishing, and the options position hit my target price. I exited at 25% of maximum potential income.

Shares declined by 3.3% over one day, or a -1,191% annual rate. The options position produced a 33.3% yield on debit for a +12,154% annual rate

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NVDA publishes earnings on Thursday after the closing bell.

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I shall analyze NVDA today as a potential earnings play.

I am, once again, attempting to exit INT, LMT and QCOM at their target prices.

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I shall analyze NVDA on Thursday as a potential earnings play.

By Tim Bovee, Portland, Oregon, Feb. 8, 2017

 

I entered a position in SU as a potential earnings play. I analyzed KO for entry but declined to take the trade.

I exited AAPL to avoid assignment as the stock goes ex-dividend. I also exited UNP and USB as they approached expiration.

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The Coca-Cola Co. (KO)

KO publishes earnings on Thursday before the opening bell.

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Suncor Energy Inc. (SU)

Update 3/18/2017: SU rose after earnings were published and then took it all back. A short put options was assigned when the stock went ex-dividend, creating a complex exit: After the assignment, I sold the short call options, and then let the long options — calls and puts — expire worthless.

For the entire position, shares showed a net rise of 0.5% over 37 days, or a +5% annual rate. The options positions, including the shares from assignment, altogether produced a -9.6% loss on debit for a 95% annual rate.

Lesson learned: Don’t overlook ex-dividend dates. It’s bad joss.

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SU publishes earnings on Wednesday after the closing bell.

I shall use the MAR series of options, which trades for the last time 37 days hence, on March 17.

Implied volatility stands at 28%, which is 2.5 times the VIX, a measure of the volatility of the S&P 500 index.

SU’s IV stands in the 16th percentile of its annual range and the 91st percentile of its most recent broad movement. The broad movements have been relatively narrow compared to the annual range because of an IV spike to the upside in February 2016.

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I shall analyze two symbols as potential earnings plays: KO and SU.

I have exited AAPL for a loss in order to avoid the likelihood of assignment when the stock goes ex-dividend on Thursday. I shall update the analysis with results later today.

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I shall analyze KO and SU on Wednesday as potential earnings plays. SU’s options grid’s coverage is a bit weak, but I shall try to make it work.

I shall exit AAPL the day before the stock goes ex-dividend. I am also trying to pick the right time to exit UNP and USB as they approach their last day of trading on Feb. 17 prior to expiration.

By Tim Bovee, Portland, Oregon, Feb. 7, 2017

 

I exited two positions: FB for a profit as it hit my price target and IBM for a loss to avoid possible assignment as the stock goes ex-dividend.

I entered no new positions.

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