Closing my first two earnings surprise call options with gains of 49% and 70% in less than a month

Closing my first two earnings surprise call options with gains of 49% and 70% in less than a month

With the Federal Reserve and Apple’s earnings behind us, this week the market has responded by strongly bidding up the prices of Nvidia and SolarEdge Technologies–and their options–strongly ahead of earnings announcements on May 9 and on May 10. I added call options on these stocks to my Volatility Portfolio on April 17 as the first move in my strategy for profiting from the 2018 earnings boom. My gains: 49% and 70%

AMD earnings were supposed to be a bellwether for Nvidia–let’s hope not

AMD earnings were supposed to be a bellwether for Nvidia–let’s hope not

Before AMD’s earnings report on October 24, traders had speculated that the company’s earnings would be a useful indicator for what Nvidia (NVDA) would report on November 9. After all, the two companies do compete in some of the same markets with processors for gaming, and servers, and, increasingly for chips with parallel architectures used in artificial intelligence and autonomous driving applications. But AMD dropped almost 11% after it reported. Does that have any significance for Nvidia?

Markets survive Thursday (Comey, Brexit, ECB) and analysts unleash flood of upgrades

Markets survive Thursday (Comey, Brexit, ECB) and analysts unleash flood of upgrades

Financial markets today shrugged off testimony from fired FBI director James Comey, a stunning election rebuke of Prime Minister Theresa May in UK elections, and a lack of news from the European Central Bank yesterday. The Standard & Poor’s 500 stock index is up 0.14% as of 12:30 p.m. New York time today. The only exception to the calm is the pound, which has tumbled almost 2% against the dollar

Oil continues to rally but oil stocks run out of fuel and tech stocks drag down S&P

After yesterday’s surprise agreement to cut production from OPEC, oil prices have continued to climb–West Texas Intermediate was up 3.07% to $50.96 as of 3:15 p.m. New York time this afternoon–but oil producer stocks have stalled with such leaders from yesterday as Pioneer Natural Resources (PXD) down 0.84%, Parsley Energy off 1%, and RSP Permian (RSPP) lower by 1.46%.