ucsgears

Earnings for 10/22/2015

NASDAQ:SNDK   SANDISK CORP
233 2 3
Earning Setting Up

1st row - After Market announcement
2nd Row - Pre Market announcement

Will reveal my plan for SNDK             , Due to the Recent Rally I might choose to sell a Credit Butterfly ($1.5 wide Spread at max)

Comment: - SNDK Earning Play

http://chartandplay.blogspot.com/2015/10/sndk-earning-play.html
Comment: UAL - so far hasn't touched the Suggested Price.

I might try and see a atm butterfly (short) here at EOD
Comment: The deal between the two companies (SanDisk and Western Digital) values SanDisk common stock at $86.50 a share, a 15% premium over Tuesday's closing price.
Comment: Read the article here
http://www.latimes.com/business/la-fi-western-digital-sandisk-20151021-story.html
Comment: Did anyone trade the SNDK setup / option trade idea with me?
Can you help me understand how to trade on this data? Does it help in determining the direction of a stock? From an option point of view, what is it suggesting? What types of positions should one consider depending on what it is showing?
Reply
Red Line is the Suggested Price to add the spread. (Roll the spread if needed). There are way option strategies to trade earnings. It always helps determining the direction of the stock, would not recommend on a binary event. Follow the link to my blogpost, I shared a way to trade SNDK from yesterday's closing price.
Reply
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