by Ian Harvey
December 16, 2018
Profiting from trading options was very successful for “Earnings Predictions Members” in the past week. Looking at the potential profit (or maximum), there is a substantial amount of profit left even after paying for a yearly membership of “Earnings Predictions”. Allowing for the fact that it is very difficult to judge the top, and selling for less profit; even taking half of the profits was extremely good!
There were recommendations for five companies that were reporting earnings throughout the week. Four of the options were based on the likelihood that the company would miss the analysts’ expectations and one was a call option; expecting the company to exceed expectations.
This company was Adobe Systems Incorporated (NASDAQ:ADBE), but after Tuesday the sell price of the option was returning a potential profit of 114%. Therefore, the recommendation was to exit the trade before the earnings report was to be announced, giving the trader a total potential profit of 114%. This would also relief any concerns of stock direction after the report.
This was a fortuitous move as the quarterly earnings of $1.83 per share, missed the Consensus Estimate of $1.89 per share, and was far below the whisper number of $1.93.
OUT WHILST THE GOING IS GOOD!
GREED CAN BE THE UNDOING OF A GOOD PROFIT!
“EARNINGS for LAST WEEK”!
|Underlying Stock||Profit/Loss||Cost for Trade||Sell Price|
|Stitch Fix Inc (NASDAQ: SFIX)||209%||$2.10||$6.50|
|American Eagle Outfitters (NYSE:AEO)||0%||$0.75||$0.75|
|Adobe Systems Incorporated (NASDAQ:ADBE)||114%||$7.40||$15.84|
|Costco Wholesale Corporation (NASDAQ:COST)||311%||$3.50||$14.40|
|Ciena Corporation (NYSE:CIEN)||-84%||$1.00||$0.16|
TOTAL POTENTIAL PROFIT - $2,290
YEARLY COST FOR EARNINGS PREDICTIONS MEMBERSHIP - $490…..
This leaves a potential profit of $1,800.
Even taking half of this potential profit - a return of $1,145 leaves a profit of $655 after paying for the yearly subscription - a nice return would be achieved!
YOU NEED TO BE IN IT TO PROFIT!
Our proven track record says it all!!
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