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.
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.
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.
Cheap as fuck calls for both weeklys and LEAPS.