The earning season is upon us and I’m working toward what to do but there seems to be so many mixed signals! Can the magnificent 7 maintain the momentum, or do I need to change up my optimistic outlook? Here’s my options strategy for the upcoming quarter.
Netflix Option Strategy
30 July 2024
The Netflix hurt continues! I’m currently down about $2,100. My bet on America isn’t working out exactly how I thought it would go. 😅 I have until December until the contract expires but we are only a few weeks in so you never know what the coming weeks will be. We have the fed meeting tomorrow so … maybe they’ll do something crazy!
18 July 2024
I’m in! I was a little worried so I bought one call contract – NFLX 241220c00620000. Let’s see what happens after the earnings are out and we see what the market thinks!
17 July 2024
I’ve reviewed several investment house websites and the outlook continue to be a moderate buy but there’s skepticism NFLX can keep up these stellar blow out numbers. The last earning report was great, in my opinion, but the market hated it and the stock priced dropped about $70 on the next day. I think there are some holes in the armor here and I know some of the guys around the table have voiced their concerns. That leaves me with one question: Call or put?
Microsoft
30 July 2024
Well MSFT missed some of their earning goals. Not sure what to expect…maybe it’s put season now.
I got into Microsoft and I bought MSFT 241220C00385000. It really was a toss up between a call or a put. Some analysts said expect great cloud gains, others said horrible AI numbers. So I flipped the coin and it ended up on call so here we go!
Meta
30 July 2024
I think it might be put season. MSFT and NFLX both missed their earnings and dropped a few dollars each day since. Should I start thinking put for META?
Nvidia
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