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Obviously we’re past the really interesting and exciting part of the earnings season, so now the biggest companies we have to anticipate are junk like Zoom Communications (which is this evening). One larger firm that is reporting soon, however, is Target (TGT) whose earnings come out in the morning. You can see it had a gargantuan gap many months ago, and it’s been banging around beneath it ever since. It’s rather close to the top of its multi-month range right now.
Well, it isn’t my family’s fault, I can tell you that much. The Knight household spends thousands of bucks at LULU each year (it’s, umm, not for me), but it didn’t seem to save them after hours:
I’d like to tell you about a trading error as it’s happening in real time.
A couple of days ago, I bought MDB puts. They came out with earnings, and the stock soared. I dumped the puts the next day at a 50% loss.
I therefore have earnings-terror-on-the-brain. I thus sold my COST puts at about a 100% profit, even though I think the pattern is still dynamite. Thus, I am out of position, guaranteeing the stock collapses after the close today when earnings are announced.
Just sayin’.
