Earnings are typically an excellent time to “place your bets” and I prefer to do so via options. One of the most common option plays pre-earnings is the straddle or strangle where a put and call are purchased and whatever that net debit is is how far beyond the strikes the stock needs to move
Weekly Charts
After last week’s violation of the uptrend in the broader market, this coming week is sure to be volatile. We have the ADP number and the FOMC statement on Wednesday as well as the NFP number on Friday. Add to that mix some key earnings from $MA, $CSCO and others and the brew is bubbling