KSS earnings 11/17 at 7am, calendar spread strangle idea
Kohl's earnings is tomorrow at 7am. I'm expecting an earnings surprise of a lesser loss. But because this market can go anyway depending on the day of the week, lol, which means KSS can hit a range of $22-28 tomorrow in my estimation. I entered a bullish calendar spread strangle. For me, I executed at 10:40am, the Put $25 strike price 11/27 expiry with the Call $30 strike price 4/16/21 expiry pairs, total $398 a pair. My reasoning behind this is: one - you don't want the week of earnings expiry because it can lose value quickly from theta, two - I'm bullish but I want insurance, three - I totally expect KSS to surpass 30 bucks by spring next year if it doesn't come close tomorrow if there's positive price action. Consensus: eps(-$.48), revenue$4.06 billion. Do your own due diligence, your risk is 100% your responsibility. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading 101*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets
7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
tradingview.com/u/growerik/
*3x lucky 7s of trading 101*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets
7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
tradingview.com/u/growerik/
Note
+100% eps surprise Earnings beat! Kohl's (KSS) reported 3rd Quarter October 2020 earnings of $0.01 per share. The consensus estimate was a loss of $0.48 per share. Revenue of $3.98 billion, slight miss of -2% revenue estimate of $4.06 billion.
Trading indicators:
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tradingview.com/u/Options360/
Disclaimer
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Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.