In this video, Bruce discusses this week’s market action with a lot of big name earnings reporting. We also had a FED meeting as well and the market continues to look weak. We have more earnings next week, so Bruce does expect more volatility and likely to the downside. That being said, he has an idea for a short-term hedge or a way to get a lot of bang for the buck out of the SPX.
There are so many ways to play earnings, but not all of them are going to have the probability of profit of this spread. Let’s look at a few we did today and how it might apply to APPL tomorrow.
In this video, Allison walks through META for a possible earnings play to take through the announcement.
This ticker gapped up 23% after earnings last quarter, and has a pre-earnings 21 day average of 10%. It was down today, but it’s still in a squeeze above support on the daily chart. Danielle likes this ticker for a potential pre-earnings rally.