td5221, I don't know how it was for you but the weekly put trade post Brexit was extremely disappointing. Overnight, as the Brexit vote results came in, I thought TSLA was going to tank and I was going to make a killing. It turned out that the options had factored in the volatility from the Brexit vote. You had literally seconds to dump the weekly options before the premiums dropped drastically. Fortunately, I listened to you and dumped the puts right at the open. I was dreaming of 6-figure gains .... I ended up with only 4-figures. Not very satisfying at all.
Only down to $189 PM right now. What is your plan for puts expiring this week? Sell at the open or wait for bigger drop? I am in similar position with weekly puts. Volatility premiums may be higher near the market opening. Would hate to get hit with a bounce that would wipe off quiet a bit of potential earnings.
Today's earnings report didn't offer any motivation for stock appreciation. Earnings was a few cents above expectations. Revenue was in line. Next quarter revenue was below expectations. For full year, both earnings and revenue were guided below expectations. This despite the earnings beat this Q and the penny guide up for next Q. It's hard to imagine how bullish analysts will raise their price targets from the $110-$120 range.
At the same time, I don't expect the stock to crater. The earnings report wasn't too bad. Valuation also isn't too bad. P/E of around 33 based on 2017 estimates. PEG of about 1. It may open down a bit but it shouldn't fall too much. It may even end up closing slightly green.
The only wild card would be an unexpected upgrade or downgrade. With these types of earnings, you really don't expect to see either.
When Goldman downgraded to sell on 6/7 with a price target of $17, they assumed JBL would guide in-line for FY2016. Instead, they guided down 12%. Interesting to see analyst reaction tomorrow
I executed almost flawlessly on this one. Waited patiently Thursday AH for it to drop and bottom. Bought at $1.75. Held onto the shares until PM today. Dumped them at $2.85. It's rare that things go so well for me. I just kept remembering ... pigs get slaughtered
There's your 20% move. It was an amazing opportunity to short at $15.51 in AH yesterday. Just closed my short for 20% gain
Interesting price movement AH. Certainly didnt see the 20.9% movement. The comps for May seem to have deflected the ugly earnings for last Q. It's interesting that they reiterated full year guidance even though they missed by $0.16. So does that mean they expect to see acceleration to make up for the $0.16 shortfall? Or are they just playing games to keep the stock afloat? How much visibility do the really have based on just the month of May? What was the reason for the 3 bad months? What did the do to improve May?
You would think that with all these rumors of higher offers, traders would hold on and bid the stock up a bit. But apparently, the guys with the deep pockets that control this stock just aren't convinced. The supply of selling stocks is quite significant
Mergermarket also referred to the road show with investors this week ending in NYC. They characterized it as Bayer "will remain price disciplined"
Ok ... this is getting lame. In the past two days, Gasparino has been posting somewhat conflicting tweets. Go to Twitter and search for MonsantoCo. You will find a tweet from CGasparino yesterday stating "probably won't up bid much". Today he posts "suggests a high bid is coming". Is he credible or does he just want people to watch Fox Business News?
Source is tweet from Fox Business News guy. You can find it by going to Benzinga. Look up MON. Click on realtime news