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Here are some pre-earnings trades that looks favorable. Remember to click on any image for a screen-filling, easier-to-read version.
16 Jun – 21 Jul is the calendar time frame. I like the 47 and 45 strike calendars (puts vs. calls up to you). Short the 16 Jun strikes, and go long the 21 Jul strikes. As an effective hedge, buy an equal number of 50 strike calls and 42 strike puts.
For 1 contract, this is around $193. There is a 3% or so move in the last 2 days on average.
It’s amazing how much the world of semis has changed…….
Here is Oracle (ORCL), up 100% since September and at another lifetime high. Pictured within the chart is Larry Ellison, who is literally half a century older than his latest “girlfriend”, who is all of 28. Yep.
I noticed that the fabled “unabomber” Ted Kaczynski died by suicide in recent days. He was actually an ancillary figure in my novel Solid State, and I’ve shared a snippet of the book below where he is featured. I got the date wrong by a couple of years, but it’s close! Read the PDF below……..
The only red on the screen this morning, bless it, was crude oil. I have been following this pattern for months. We’ve got a massive right triangle top in formation composed of two portions. We need to crack below the yellow zone to really get this thing rolling.
