The earnings season will be upon us very soon. Netflix has already scheduled their earnings call for AMC 18 Apr! Here’s where I’ll be explaining why I’m buying or selling based on the projections of a few companies. I’ve been patiently waiting for the next earnings season so let’s see if I have great results like I did 3 months ago!
- NFLX
- MSFT
- META
- NVDA
These 4 stocks are what I usually target for earnings seasons. There are obviously a lot more out there and the “magnificent 7” also expand to GOOG, AMZN, AAPL, and TSLA. These additional stocks are something I take a peek at from time to time but they usually don’t have the volatility I look for since the majority of my earning call investments are options. I want big movements!
Netflix
The opening shots for this quarters big movers will be fired by Netflix. I’ve been thinking all week and reading about expectations on what to do with this stock that went from a great year to “worries” in this most recent quarter. The chief monkey on their back seems to be the drawing down of the password crackdown. Have they hit all the offenders they could find or is there more blood to be squeezed out? Another big question: Will they hit a high subscriber count? The expected numbers are pretty wild with some saying up to 9 million new people on the platform! Those numbers seem insanely high!
With all this in mind I’m going to buy. I still think there’s some blood in this turnip and even though I’m not expecting a giant $70 jump. I think it has some juice left and with that in mind I purchased one call. It’s the NFLX 240719C00575000. Only 55 minutes until I find out if my guess was right!
Meta
I’m in! I got META 240719C00460000 and am sitting back and awaiting my profits! jk jk. There is some big expectations which could also mean big losses! AI will be front and center as well as their year-over-year earnings which could be the biggest in a long time. I think META will meet and exceed those expectations. They continue to drive a lot of the AI, advertising, social media, and revenue discussion. Now they need to just dunk it in!
Microsoft
I did not buy any Microsoft options this quarter.
Nvidia
TBD
“Myinvestmentstory” is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. More disclaimer information here.
One response to “2024Q2 Options Strategy”
[…] stock price since earnings. 2024Q2 Options Strategy options, results, […]