Watch list will be earnings gambles they all report Thursday after market close 15th .
GPS, MRVL, SHLD, SINA, TGT, DLTR
PLEASE know these are earnings gambles worst thing that happens if your gambling on earnings is a no movement and option expires worthless
GPS- Gap - Very bullish chart this year lots of gap ups probably earnings. Going with the trend on this one. I think they beat and possible gap up to 52 week highs avg gap up 2-5 bucks. with ANF gap up today this could surely gap up between 37-40 on a beat. the 34 strike calls dont look bad. or u can go itm. history showing after gap ups it rallies higher so u could also try dec calls My bias: Bullish
Bearish bias if they dont beat a gap fill to 30 and possibly 28
MRVL nasty downtrend all year. at 52 week lows. Well im thinking this will beat looking for a surprise and maybe a gap up to 9-10 bucks. those 7.50 calls are .20. NOTE this doesnt make huge moves about 1.50-3 bucks maybe. If they come out with a beat could be big. On bearish side if they dont beat this will probably drop to 6$ possible 5. those 7 strike puts .10. Worst case scenario it doesnt move. i also just read david einhorn is long 30+ mil shares of this stock. hes the guy who bashed HLF , GMCR My Bias: Bullish
SHLD its down currently 10 bucks off its recent highs of 68. So a part of the down move maybe priced in. who here really shops at SHLD i know i don't. I think they wont beat and we could possible drop down to 46-50 area so a possible 10 buck move. Now if they beat possible gap up to 70+. very bullish chart this year. The premiums on the options really high. I would probably go itm for this stock. if this doesnt make a move on earnings it would be really lame the trend is really bullish but -> My Bias: Bearish
SINA Man its a china stock look at BIDU. People hate china stocks I think this will put in 52 week lows like BIDU did. so on a earnings fail this will be below 45 support 47 then 43 extreme case touch 40. Bullish side this could possibly gap to 60-65 BIDU money leaves and flows into SINA just a thought. SINA is 20 bucks off the recent highs so maybe some of the down move is priced in.
Lots of volume traded on the call side today. if i play this i may go itm. my bias : both
TGT Target dont know much about their earnings maybe a 1-3 buk move or less
DLTR Dollar tree - This stock looks like it could be a big mover on earnings.
The chart: from 2008 at 15 bucks this hast done nothing but go parabolic on the monthly chart hitting all time high of 56.81 and right now is at 52 week lows . gave up all its gains this year. All the people holding this stock between 5-30 may look to take profits real soon along with the people who purchased between 25-40 in 2011. everyone who purchased the stock this year is at a loss. Closed today at 38 . I think if they dont beat this could have a nasty fall down to 30 possibly. looks like the only thing to save the chart is a beat and gap up above 42.
Too late to play earnings gamble on this they report pre market tomorrow My bias : bearish
Some others that report
ARUN - expect 4-6 buck move up or down
ADSK - expect 5-10 buck move on this one has history of huge moves on earnings. i like this 1
BONT reports in the morning tomorrow could be a fun day trade
DANG earnings pre market this may change my view on SINA