The biggest, broadest overview of how the economy is doing will be published Thursday at 8:30 a.m. New York time, the third and presumably most accurate report on the 3rd quarter gross domestic product.
Monday’s Prospects
AMAT Analysis
The manufacturer of semiconductors and other computing components Applied Materials Inc. (AMAT), headquartered in Santa Clara, California, publishes earnings on Thursday after the closing bell.
[AMAT in Wikipedia]
Update 12/30/2016: AMAT rose after earnings were published and remained well above its entry point when I exited for a profit. The gain in the value of the options position came from a sharp decline in implied volatility combined with the working of time decay in my favor.
Shares rose by 5.4% over 43 days, or a +45% annual rate. The options position produced a +94.1% yield on debit for a +799% annual rate
Friday’s Outcomes
I exited an earnings play on ORCL the day after entering it.
By Tim Bovee, Portland, Oregon, Dec. 16, 2016
Friday’s Agenda
I have no new positions on the table today.
By Tim Bovee, Portland, Oregon, Dec. 16, 2016
Friday’s Prospects
No prospects on my list for Friday. I have already opened positions on the credible high-volatility plays, and I have no earnings announcements for action.
By Tim Bovee, Portland, Oregon, Dec. 15, 2016
Earns Prospects 12/19-12/23
Out of 30 companies publishing earnings for action next week, Dec. 19 through Dec. 23, 14 have stocks with sufficient liquidity to qualify for further consideration and possibly a trade.
Here is a list:
Thursday’s Outcomes
ORCL Analysis
Oracle Corp. (ORCL)
ORCL publishes earnings on Thursday after the closing bell.
Update 12/16/2016: ORCL gapped down sharply after exceeding earnings expectations (Go figure!), and I exited for a profit at about my normal goal for the iron fly structure; At 25% of maximum possible profit.
Shares declined by 3.96%over less than a day, for a -1,445% annual rate. The options position produced a 33.4% yield on debit for a +12,204% annual rate
ADBE Analysis
Adobe Systems Inc. (ADBE)
ADBE publishes earnings on Thursday after the closing bell.
Update 12/19/2016: Implied volatility dropped sharply after earnings were published while the stock price remain little changed from the entry price.
Under my rules I manage iron fly positions at 25% or better of the maximum potential profit. I exited at 26%.
Shares rose by by a penny over four days, or a 0.9% annual rate. The options position produced a 35.7% yield on debit for a +3,260% annual rate.
You must be logged in to post a comment.