I shall analyze GOOGL and INTC as potential earnings plays.
Author: Tim Bovee
Thursday’s Prospects
A curious day for prospects. I have six symbols as potential earnings plays that meet my criteria for liquidity. Yet only one, GOOGL, has sufficiently high implied volatility to meet my standards.
Wednesday’s Outcomes
I entered positions on BMY, QCOM and T, each coinciding with an earnings announcement.
I exited a position on GS for a profit.
I am breaking off early today for errands. I have an order in for an exit on C, but it has yet to be filled. If it is filled before the closing bell, I shall post an update.
By Tim Bovee, Portland, Oregon, Jan. 25, 2017
T Analysis
AT&T Inc (T)
Update Feb. 13, 2017; As T neared its target price, I exited for a profit. My goal was 25% of maximum potential profit; an order entry error on my part got me out at a slightly different price, 22.5% of maximum, potentially costing me 4 cents per share in profit, or $4 per contract. A careless error, but a small cost for the lesson learned.
T zig-zagged after earnings were published, rising then falling then beginning to rise again when it interrupted the trend by gapping downward today, allowing for the exit.
Shares declined by 1.4% over 19 days, or a -27% annual rate. The options position produced a 29.0% yield on debit for a +558% annual rate.
T publishes earnings on Wednesday after the closing bell.
QCOM Analysis
QUALCOMM Inc. (QCOM)
Update 2/10/2017: Having gapped down sharply a few days before publication of earnings, and before I entered my position, QCOM continued to decline, more slowly, after publication but remained above the break-even point. I exited at 25.2% of maximum potential profit.
Shares declined by 4.9% ver 16 days, or a -109% annual rate. The options position produced a 33.7% yield on debit for a +768% annual rate
QCOM publishes earnings on Wednesday after the closing bell.
BMY Analysis
Bristol-Myers Squibb Co. (BMY)
Update 2/27/2017: BMY rose continually after earnings were published, moving beyond the breakeven point.
Shares rose by 18.2% over 33 days, or a +201% annual rate. Tye optons position produced a 43.8% loss on debit for a -484% annual rate.
BMY publishes earnings on Thursday before the opening bell.
Wednesday’s Agenda
All three of my prospects for today still qualify for further analysis. I shall be analyzing BMY, QCOM and T as possible trades.
I have exited my position in GS for a profit and shall update the analysis with results. I am attempting an exit of C, but the order hasn’t been filled.
By Tim Bovee, Portland, Oregon, Jan. 25, 2017
Wednesday’s Prospects
I shall be looking at three possible earnings plays on Wednesday: BMY, QCOM and T.
By Tim Bovee, Portland, Oregon, Jan. 24, 2017
Tuesday’s Outcomes
I entered no new positions today and exit no existing ones.
By Tim Bovee, Portland, Oregon, Jan. 24, 2017
Tuesday’s Agenda
In last night’s Prospects I discussed reasons why all four potential trades had problems.
The four — ABT, NVS, TXN and UTX — now have open interest on their options grids, but its low still, perhaps reflecting the fact that the MAR-series options were listed only last night.
Tim Bovee, Private Trader 
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