"Just Do It" ® Nike earnings at 4:15pm 12/18 Quadruple Witching

"Just Do It" ® NKE earnings at 4:15pm 12/18 Quadruple Witching. Nike is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. I'm leaning towards an earnings beat, but you never know how the market reacts to earnings, especially tomorrow is Quadruple Witching, market index futures, market index options, stock options and stock futures expire, usually resulting in increased volatility.

2nd Quarter November 2020
Consensus: $0.62
Revenue: $10.59 Billion

Possible neutral strategy is to short an ironfly & buy a far otm strangle
sell $140 call 12/24, Delta = .53, Theta = .31
sell $140 put 12/24, Delta = .47, Theta = .31
buy $148 call 12/24, Delta = .27, Theta = .27
buy $132 put 12/24, Delta = .20, Theta = .21
credit = $560 , risk $230, reward $800
+
buy $155 call 12/24, Delta = .13, Theta = .19
buy $130 put 12/24, Delta = .15, Theta = .18
cost = $165 max risk, reward $+
=
$395 opening trade / risk, reward $800+

Possible aggressive neutral strategy is to buy a strangle
$142 call 12/24 = $370, Delta = .46, Theta = .31
$140 put 12/24 = $410, Delta = .47, Theta = .31
=
$780 opening trade / risk, reward $+++

Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny / day for a month it = $5,368,709. Good luck and happy trading friends...

*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, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
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
www.tradingview.com/u/growerik/

Komentarz:

1 year chart:

Komentarz:

This week 5 minute: