Earnings are here

There is so much going on in the world of stocks today that one could pen an entire dissertation on all of the different happenings of the day

GRMN
We love it. From here we will be playing it to the long side. Our Options that we bought last week and rode through today event paid off. That is not our norm. For the most part we want to wait until AFTER earnings. We can limit our potential losses with Options where as stocks setting STOPS helps, but is not a guarantee. Especially at earnings where “slippage” can occur very fast. That’s why we don’t like buying with stocks before earnings.
We here at theoptionscoach.net mentioned last week that GRMN had all of the same character traits of our previous big winners. The I.V. ranking was favorable, OI was good, The Greeks, Delta and Gamma were on our side. And GRMN itself found on solid footing at it’s support line. The earnings today was the catalyst we needed to get the 538% gain we had on the day. This was however a single legged trade which carries higher risk than the verticals.

But that was then, this is now. We love GRMN on the 5 year chart with Weekly bars. It shows some serious strength. We like it for a longer term swing trade as well as with Options. Normally we wait for a pullback from profit taking. That may still occur here. Right now however it’s showing no signs of slowing down and did little to fall back at all today. Our best bet would be to wait a day to see if the pullback comes, if not stock entries with STOPS set at no more than a 5% loss would be prudent
We will discuss possible Options plays in the morning

SFM must be getting some great earnings news it looks like, price just skyrocketed up to $133.00
We will also be looking at fresh entries here for it as this unfolds

MSFT just beat
META beat numbers but not on user growth. Price is falling. Investors are punishing it here for that misstep
SBUX missed
CMG missed
CAT missed
HIMS missed earlier, personally I’m not surprised, I have my own reasons as I think the products they sell are all “FuFu” for men, and they sell with “fear tactics” that shame younger men for their physical appearances

A 538% return on GRMN with Options on a stock that isn’t in the news every 5 minutes isn’t a bad play. The one thing I was reaffirmed about today is that in investing just like in life, it isn’t what you have, but what you do with it. And we are always working to find great ways to capitalize on those opportunities
Tomorrow is another day

The Options Coach