(CRM) update

I have not traded CRM in a while using credit spreads. They do report soon and I was asked to look at it. I looked at the open interest and here are my thoughts:

  • 'Going with the flow' means expecting an up move
  • The range has recently tightened so a move should be coming. To that, I see two possible scenarios
    • Up target is 77
    • Down target is 66
    • Chart below draws possible paths.
    • Keep in mind that earnings are complete coin flips and I never take full positions into ANY earnings results. Statistically it's actually been 50% up/down moves on earnings for CRM. BUT their CEO usually goes on Cramer's show and yaks his way back to green soon there after.
    • I have no positions in CRM nor am I likely to take one.
Posted to Create Income with Options … on Aug 18, 2015 — 12:08 PM

Recent free content from Nicolas Chahine

Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
Want to add a comment? Take me to the new comment box!