The markets are still bumbling along, trying to find a clear direction, but now we have earnings around the corner, which could in itself set some wheels in motion.
As per the last few weeks, there are a few standouts among a sea of moribund activity, but we’re keeping safety as a priority. Among the stocks mentioned today are ABBV, MW, TSLA, SBUX, UA, DIS and RIG.
Talking of earnings, for years I would play earnings surprises very successfully trading straddles, but market makers became progressively savvy in their options pricing, making it more of a challenge.
As with anything I do, I need to test it properly, and during the last few months we’ve been analyzing why we were so successful with earnings surprise straddles in the past, and whether we can repeat the process moving forward.
On Tuesday we have our OVI Traders Club members meeting, during which I’ll also outline the straddle strategy which is timely for this earnings season.
Here’s the link to register for Tuesday’s webinar.
