why would you fall for their tricks? This stock wasn't going up after that report. Should have shorted immediately when it was up 30.
I agree. I was surprised when they bought it up 30 points right after the report. Nice to see people coming to their senses. The stock should be down 40 like you say. Come on Amazon. You really should be making money by now!
600? Price is jumping around a lot but I don't see it going below 650. Hopefully.... I sold the 650 puts and we all know the stock should be lower than 650.
This was a simple short. Well, selling call spreads. With gas prices low there isn't as much incentive to buy an electric car. I'm sure you all had realized that. Even with the stock price down over the past three months this wasn't too hard to predict. I'm sure that was factored in already but no way they were going to beat estimates. This stock is done for a while. Do not buy friends. Wait until oil starts moving higher.
Better hope guidance is bad. Should have listened mr. fruity. Didn't you see last quarter's earnings report and hear the call? This is a great company. Competition may hit in the future but for now they are killing it.
Sorry bud. This is setting up to go higher tonight. I feel bad for you. The stock is down $30 from last blow out earnings report. This company will not disappoint. I would be selling those puts. I put on many 49/47.5 put credit spreads.
I'm playing this with a 111/109 put credit spread. Sold for .30 so will get a 16% gain if the stock doesn't drop under 111 this week. The stock has been down and it is coming off the holiday quarter as a hot company/product. Still very young company so any good news will send this stock higher. Plus historically they always deliver at earnings time so I'm expecting a nice beat of somewhere in the .96 to .98 range.
Actually it is only up 31% in one year. What a winner over 5 years. 7 bagger in that span. It did double in 2 yrs so I'll give you that. The company went up fast. And the stock is way overpriced at these levels (2.1 PEG). The expectation was not exceeded even though they beat "estimates". The company is still growing at a good rate but once growth starts to slow that is the time to sell. No company can have growth acceleration forever so there always comes a time to look at the fundamentals.
This was an easy earnings play. Wow, I love CMG and have been really positive on them, especially since their last earnings report but food costs going up killed any chance this stock was going to head higher at these levels. Still a great company but the play was to sell call spreads. Premium was way too high to buy puts anyway. Sold the 750/755 call spread for 1.50. Stock could rebound from these levels but I don't expect anything crazy to the upside with that mediocre report. I love getting easy 42% gains. A far OTM condor would have worked just fine as well but I was afraid some idiot like closetlong who is calling for a 40% drop could be somewhat right. But we know great companies don't fall 40% that quick son. The company's growth is decelerating so I think it is time to sell however.