hungry_hippo

AMKR Earnings Monday BMO

Long
NASDAQ:AMKR   AMKOR TECHNOLOGY INC
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7
Solid beat last quarter but the market filled the gap, which means another opportunity to play earnings . Semi companies are doing well which means they're gonna spend money. Not sure if they beat, but I expect guidance to be really good for the year.

Long on Feb calls.

If you want to see a similar pattern, look at PLUS. Made a little money off of that yesterday. I expect this to at least fill the gap at $12.75, so a 100% return or better if they beat.
Comment: $.41 posted vs $.22 estimate, like I said, they blew away estimates. Now it's up to the conf call and forward guidance.

$12.5 AH right now, but that can fall fast if guidance sucks.
Comment: Closed AH at $13.55 on the bid, let's hope it opens that way tomorrow.
Trade closed: target reached: Put in an order to sell my $11 calls at $3.75 and it got filled on the spike after open, so I'm done for a huge win. Unfortunately my other earnings plays didn't work out so I netted only a little, but hey, I made money, lol.
Comment: If you got greedy and missed the spike today, I suggest flipping your calls tomorrow. This is gonna fill the gap like PLUS did before going higher, and if I'm right then I'm going long again on the gap fill.

Also, I had a standing order to sell at $3.75, basically I took the previous high and knocked a quarter off of it.... it worked.

Comments

I was in at .75 out at 3.5 not as many though lol.
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@exxodus, still gotta love it right? Getting out at $3.75 put me in the green for earnings plays today. So stupid going long on UAA, when I've been making money shorting tha tturd for the past year. Oh well, gotta give some of it back every now and then I guess.

Made way more money off of all the calls I bought yesterday for the gap up....
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GD this thing is exploding! Hopefully this holds.
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@exxodus, did you get in? Target is a double top at $15, but I'll take $13.2.....
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exxodus hungry_hippo
@hungry_hippo, I am in calls small. Wish I had more but like you say holding over earnings is a crap shoot.
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@exxodus, of course... I have one winner and one loser this afternoon, fortunately the winner is bigger.

I guess I like to shoot craps, lol.
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raidonurk hungry_hippo
@hungry_hippo, TY for idea, and sharing ideas! much appreciated. love it ;)
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hungry_hippo raidonurk
@raidonurk, earnings are a crap shoot, but a big winner like this can make up for a lot of mistakes.

Had 25 contracts, made up for 3 mistakes (including UAA) and still came out ahead, lol.
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