Options360

Earnings watch 5/18

Options360 Updated   
NYSE:TGT   Target Corporation
Earnings watch 5/18:
EDRY
ADI
ZIM
CPRT
CSCO
CL
LOW
TJX
TGT
BBWI

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*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com/u/growerik/
Comment:
TGT -$30 in pre
Comment:
TGT -$40 now wow. That's why I always put an otm strangle position going into earnings. You never know the market's earnings response.
Comment:
Target Misses. (TGT) reported Q1 April 2022 earnings of $2.19 per share on revenue of $25.2 billion. The consensus earnings estimate was $3.00 per share on revenue of $24.4 billion.
Comment:
TGT -$50 now
Comment:
Analog Devices Beats! (ADI) reported Q2 April 2022 earnings of $2.40 per share on revenue of $3.0 billion. The consensus earnings estimate was $2.12 per share on revenue of $2.8 billion. Revenue grew 78.9% on a year-over-year basis.

The company said it expects third quarter earnings of $2.32 to $252 per share on revenue of $2.95 billion to $3.15 billion. The current consensus earnings estimate is $2.18 per share on revenue of $2.89 billion for the quarter ending July 31, 2022.
Comment:
TGT 1hr ext chart no indicators:
Comment:
TGT $190 put 5/20 was only $75 yesterday and could open at $3000
Comment:
Looks like Wallstreet shorted TGT with a collar strategy into earnings and sitting on hands on the bid side because sell volume on the ask side was not above average.
Comment:
TGT back to October 2020 stock price when November 2020 earnings were 22.63B revenue & EPS 2.79 so this price action does make logical sense.
Comment:
Too early for a TGT calendar strangle hedge idea? lol
buy $160 put 5/20 expiry
buy $170call 5/27 expiry
Comment:
CSCO down -13%. Cisco Systems Reports In-line. (CSCO) reported Q3 April 2022 earnings of $0.87 per share on revenue of $12.8 billion. The consensus earnings estimate was $0.86 per share on revenue of $13.3 billion. Revenue grew 0.2% on a year-over-year basis.

The company said it expects fourth quarter non-GAAP earnings of $0.76 to $0.84 per share on revenue of $12.41 billion to $13.00 billion. The current consensus earnings estimate is $0.93 per share on revenue of $13.89 billion for the quarter ending July 31, 2022.

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