Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…

Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…

It’s BIG TECH earnings week with earnings from Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG), Facebook (FB) and Amazon (AMZN). Facebook kicks off earnings from this big tech group on Monday, October 25, after the close. Alphabet and Microsoft follow on Tuesday, October 26, after the close of trading with Amazon and Apple on Thursday October er 27 after the close. The stakes are high for these companies and their stocks and for the entire stock market.These five stocks account for almost 23% of the capitalization of the entire Standard & Poor’s 500. And the technology sector makes up 33% of the indexTo an extraordinary degree as goes the technology sector, so goes the market as a whole right now. And as these five stocks go, so does technology.

Saturday Night Quarterback  (on a Saturday, no less) says, For the week ahead expect…

Selling Apple September Call Options to roll over into October Calls

The Apple September 17 Call Options with a strike of $150 in my Volatility Portfolio climbed another 23.3% today. The options looks to be moving up as traders position themselves for a bump in Apple after the company’s next new product day–speculation has the date for the announcement of a nee iPhone as September 14 with pre-orders to start on September 17. The announcement is likely to be big news and will probably drive the stock higher. For the September 17 Call Options, however, the date is something of a double-edged sword since a September 14 announcement–a big positive–runs right into the time decay of the options since them expire on September 17.

Selling my AMD September 17 Call Options (strike price of $92.50) out of my Volatility Portfolio

Selling my AMD September 17 Call Options (strike price of $92.50) out of my Volatility Portfolio

I got another 50% pop (aso f 3:30 p.m. New York time) today in the price of the Advanced Micro Devices (AMD) September 17, 2021 Call Options with a strike price of $92.50 (AMD210917C0009250). I’m going to take my profits here. With the end of earnings season in the next two weeks, I think the risk/reward ratio for holding stocks is shifting toward risk. And I’d rather be more in cash rather than less as we head into what I see as a volatile fall.

An odd market before big tech earnings #1–I’m holding onto my AMD and APPL options until after earnings

An odd market before big tech earnings #1–I’m holding onto my AMD and APPL options until after earnings

As of 12:15 p.m. the Standard & Poor’s 500 was down .01% and the Dow Jones Industrial Average was lower by 0.75%. Tech stocks were down much more with the NASDAQ Composite off 1.85% and the NASDAQ 100 lower by 1.82%. The tech companies due to report earnings today after the close were all down. Apple (AAPL) was lower by 1.68%. Advanced Micro Devices (AMD) had dropped 2.01%. And Microsoft (MSFT() was off 1.66%.

Saturday Night Quarterback  (on a Saturday, no less) says, For the week ahead expect…

Saturday Night Quarterback says, For the week ahead expect…

I hope it’s no surprise to you–I’ve been yammering away on this topic for the last two weeks after all–but next week is a big week for earnings from bellwether tech companies. The market reaction to those earnings will determine whether the current earnings based rally goes on for a while or if, instead, we get a sell on the news retreat. Tuesday, April 27, is the first big day with Apple (AAPL), Advanced Micro Devices (AMD), Alphabet (GOOG) and Microsoft (MSFT) all reporting.

The window for using Call Options to profit from technology earnings season is starting to close

The window for using Call Options to profit from technology earnings season is starting to close

Just a reminder: To profit from anticipation of strong and maybe even better than expected tech stock earnings using Call Options, you want to buy the options before the actual earnings announcement. You’re betting on a rush to get in on the good earnings news before the actual news. Which means that if you’re looking to buy Call Options on Apple (AAPL) or Advanced Micro Devices (AMD) you want to do it NOW, since these companies announce second quarter earnings next week on July 27. Here are my preferences in tech stocks earnings options play

Investors buy the dip; Delta variant is forgotten for a day

Investors buy the dip; Delta variant is forgotten for a day

Today investors and traders ran to buy all the re-opening, post-vaccine recovery, cyclical stocks that they dumped yesterday. Macy’s (M) is up 4.29% as of 3:30 p.m. New York time after plunging 4.90% yesterday. Amusement park operator Cedar Fair (FUN) is up 4.12%. Cyclical Dupont (DD) is up 1.34% after closing down 4.46% yesterday. Carnival Cruise (CCL) is ahead 7.83% today after dropping 5.74% yesterday. It’s as if the market has decided that the really scary upward trend in new infections from the spread of the Delta variant is done with and over. Pandemic yesterday. No pandemic today.. The figures from the pandemic front say otherwise. The 14-day change in new cases as of July 19 is 198%. The 14-day change in new deaths is 44%.