With earnings season winding down, we are provided a great opportunity to consider buying options. It doesn’t matter whether we are looking at calls or puts. Option prices, whether calls or puts, will typically rise as earnings announcements near. They rise in anticipation of a potential big move in the stock after the earnings are announced. Just this week, we saw AAPL drop $44.00 after earnings and NFLX rise $58.75 after earnings. These are not your typical moves, but moves that we can expect due to earnings announcements. Generally speaking, […]

Reviewing the daily charts of the major pairs today shows some potential trades and some wait and see scenarios. NZDUSD is in a trading range.  It recently came off of support and the lower Bollinger band for a potential move up to resistance which also happens to be the upper Bollinger band. USDJPY is no longer upward trending and looks to be starting a downward trend.  It has gone up the last couple of days but not enough to recover the down day on Friday.  It looks to be setting […]

Netflix closed yesterday (January 22nd) at $333.73.  They released earnings last night after the market closed.  Today the stock closed at $388.72 which was up $54.99.  A lot of traders will look at this movement and wonder why they didn’t enter into a trade before the announcement.   The problem is we didn’t know that NFLX was going to jump like it did.  The earnings report in October had NFLX dropping about $33 after being up about $35 at one time.  The earnings in July ended up with a drop of […]