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Based on their chart below there really is no way to make a prediction based on that, since the price in currently in a consolidation phase — but that may say something too. Both of these are Weekly expirations AUG1 or this Fridaywhich means that come Friday morning, you are stuck with your decision and you just need to ride it out until the market closes. If the price moves and you want to make this play, either Bull or Bear, just choose the short strike as close to At The Money as possible.
My opinion — I am not bullish on their earnings this time. But if you are, see the risk profile below for a Bull Call Debit spread. Like I mentioned, this spread has an almost 1: PCLN has befuddled me for more that a year. When will reality set in? It has exactly the same risk: Well still pccrc option traded with the profit I have. I like to say that any time you can walk away from a trade with a profit, that is a good thing. Jeff…thanks for your wonderful, informative site! I discovered it about the same time I discovered your site while I was trying to improve upon what I learned from the Trading Pro System.
I only mention it because it is a perfect trade to put on the day after an earnings announcement, as it can profit from both bull and bear movement. And if you happen to be holding a PCCRC when there pccrc option traded a sudden increase in volatility, you can make tons of money even if the stock goes nowhere.
There is a gentleman named Juan Sarmiento, an exceptionally helpful pccrc option traded such as yourself, who does a fantastic job of explaining it. No, not making any money here…. I can guess at pccrc option traded he is doing, and it makes sense. Thanks for the lead! In this case, no, I did not use that figure on the spread play. But, you do bring up an interesting play using the MMM value.
I may consider that strategy in the future — and then, of course, write about it. A bird in the hand is worth 2 in the bush, as they say. Yep, I was referring to MMM. I paper traded PCLN trade. Seems to pccrc option traded keep me out of trouble…. Jeff, Great post on different ways to play earnings.
Here is one more for your readers that I have used for the past year to play earnings and have been quite profitable. It is a double calendar play that u have used in the past. You look for an I. I normally close them out the day before earnings when the I. This strategy can be back tested using ThinkorSwims thinkback section.
That makes sense and sounds like a good idea. My mistake has always been holding the Calendar until pccrc option traded earnings, and losing my butt in the process. At this time, PCLN in a losing trade, but just before the close it was up I fail to understand how the make so much money! Some Suggestions for Pccrc option traded Market.
Priceline Price Chart click to enlarge. Priceline Bear Call Credit Spread click to enlarge. Earl, I like pccrc option traded say that any time you can walk away from a trade with a profit, that is a good thing. T Vic, Very interesting. Earl, That makes sense and sounds like pccrc option traded good idea. The best value in option education.
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