That rumbling you hear is not the pitter-patter of little feet, instead it is the coming earnings season, where companies step into the confessional and talk about the recently finished quarter.
I expect some good and bad, but this week we warm up with some high profile names. On my radar: IBM, FCX, UNP, EBAY, SLB, GE, GOOG, ISRG, INTC. Now, we won’t play every single name here but be more selective, next week brings a slew of names – so we need to have some dry powder.
I anticipate some trades on both sides, with straight calls/puts, straddles and strangles. Should be a good time for us! I’ll have a chart or two to work from that highlights what I’m looking at.
CAUTION: I cannot be more serious about risk management. DO NOT toss all your coins into ONE or a few trades. Trading is not a game of perfect, therefore we have to expect that we’ll have some losses. Those are NOT mistakes: the mistakes are when you OVER SIZE your trade.
We usually do well during earnings season, but let’s be responsible. If you need any help or guidance – let’s talk about it, I’m here to help you.
Let’s have some fun and continue this nice run we’ve had to start to year.
GAME ON!
