Election day is here but the outcome of the voting is still hours/days off. It’s been a surprising day of market action but be careful reading too much into it.
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The markets are showing bearishness across the board. Sami thinks that the market could have a short-term rally over the next few days, but it could be months before there’s a sustainable rally. In this video, Sami explains: – What to expect from the election – The problem with CGC – Why he’s not playing CYH as a swing – Where to set a target for KSS – Why a gap is bad for CWH
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AAPL, FB, GOOG and AMZN… the Tech heavy hitters are coming out with earnings tonight and QQQ options may be mispriced.
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One of my rules around earnings is I avoid playing options on companies that give preliminary guidance. TWLO, MMM and NXPI are examples today why my rule is in place.
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Strong expected results and weak price action. That’s the scenario we are seeing develop on many big names reporting earnings and it is creating challenging setups for the reports.
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By far the biggest week of earnings is coming. Huge names nearly every day are scheduled, with Thursday featuring a whose-who of Tech.
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We are getting closer and closer to the election and coincidentally, the action is getting choppier and choppier. This is a stretch where playing defense and sizing down may be smarter.
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Stocks that move closely with one another can present great opportunities for option trades during earnings season. Getting a huge move in a stock and not paying for the event is a win/win.
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We are 2 weeks out from election day and the volatility is already picking up across the market. While I don’t normally like to trade VXX/UVXY, there are instances where it can make sense and this is one of them.
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Now things get cooking. Big reports from many different Tech names and a bunch of Industrials will highlight a busy week.
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