Here is another.oldarmy1 said:Dr. Faustus said:How far out would you look on the options with earnings next week?oldarmy1 said:Well, if those futures hold you'd likely see DE flash below the Darvis Box premarket. Be a good buy looking for it to quickly move back above it. For options you'd wait for open and the second its back above $155.25 and enter.Prognightmare said:
Futures look like garbage for the open. I raised cash today though so anything that looks promising to you, please share.
Lot of risk to enter before China talks outcome. Support lines and Darcie Box breaks to the downside will precipitate on a failed negotiation. It's probably a weekly option $157.50 day trade vs the super high risk trade talk options past earnings date; especially if talks fail. You'd lose at least 50% before batting an eye.
Sure, if talks have success you'd also make 200%+ but it's a casino market right now. I'll maybe trade a weekly cheap call as a $5 ante but I'm sidelined for the duration.
We won't get to enter a bottom portion of a v if news hits after hours but we have a nice left side to climb Non-fundamental non-technical macro events suck because of the above. You can't develop a software to read minds.
Here's my thinking.
If talks fail how much expectation of that has already been baked in with stocks dropping?
As long as a trade war isn't erupting as part of a no-deal wall away how do markets respond knowing they hate uncertainty?
If a trade war does happen just what level of escalation will we see?