Stock Talk: Earnings Week of July 27, 2020

One of the craziest earnings week.

This week’s earnings might be one of the craziest this week. Stocks such as $AMD, $SHOP, $AAPL, $FB, $AMZN, and $BA are probably going to be one of the craziest earnings to get announced this week.

Last week, there really wasn’t anything interesting despite $TSLA and $INTC. Both stocks beat earnings, but their share prices fell throughout the week. Tesla dropped 7.7% throughout the week, while Intel dropped 15% after earnings. Intel’s price drop contributed to Dow Jones dropping 150 points. With the ongoing tensions between US and China (Chengdu Consulate) alongside COVID-19 problems, I believe that we might see another bloody week starting Monday.

Screen Shot 2020-07-26 at 3.13.01 AM
$INTC chart provided by ThinkorSwim

If tensions build up throughout the week and some of the companies that I’ve listed above don’t report good earnings, prepare yourselves for a bloody week. You know what that means. It’s time to buy some LEAPS once they go (IF they go on sale) this week.

Personally for me, I got burned out by Tesla last week so I don’t think I’ll be playing (gambling essentially) any earnings quite yet. Kinda went stupid yoloing into some weekly $TSLA calls and got burned out. Essentially, everyone got burned out (everyone = calls & put holders) since every premium got basically fucked after Tesla ER.

Screen Shot 2020-07-26 at 3.18.07 AM
Sick $3k loss this week

Who knows, I might just enter some $GE calls since they’re pretty fucking cheap. Take look down below. Yes I know I just contradicted myself with the following statement above, but fuck it, I’m a gambler and this shit pumps my adrenaline.

Screen Shot 2020-07-26 at 3.22.51 AM

Screen Shot 2020-07-26 at 3.23.09 AM

Cheap as fuck calls for both weeklys and LEAPS.

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