The Jungle

Well I guess that's what you call an earnings surprise. AMZN up 25% on the news. The chart says all I have to say about it.


It also looks like AAPL is up after hours on its earnings news. I have a 115/120 put spread, I imagine with the volatility crush that should happen tomorrow I'll be able to close it out for most of my max gain.

I sold half of my COL and POT calls per my rules prior to earnings. Both of them were offset with put spreads that expired last week.

Tomorrow I've got my eye on a couple stocks. APA is looking like a textbook bounce entry, earnings are tonite so I've got a buy stop in for tomorrow 20 cents above today's high.



AZC is getting close to an entry as well. This stock has fairly low volume so I'm not going to take a full position in it, probably just a couple hundred shares.


Yet another potential bounce setting is RIMM, nice thing here is that earnings have already been released and the expectation is that this trend should continue until the next earnings. This has me thinking more of a trend trade than just a swing.


That's the beauty of general market pull backs in a strong uptrend, lots of bounce entries. You could even call them bull flags if you want. All I see are entries. Have a good time with them!