Yum brand in China, they love our ridiculous culture... I like a break up and a steady climb towards global obesity
YUM- Yum Brands Daily Perspective NYSE:YUM
YUM- Yum Brands Weekly Perspective NYSE:YUM
This is YUM brand China; I like what they are doing over there, HUGE market. We'll be stuffing them full of YUM products for a long while (hopefully). Good entry and let it ride
People have frequently mentioned to me that they can't make iron condors work for them, primarily because a single broken setup can undo a long string of profitable trades. This, of course, is a true statement if absolutely nothing is done to attempt to repair these broken trades and get them back to at least scratch or, ideally, into profit. It's all a question...
These earnings plays gone awry usually involve long stories, since it frequently takes a bit of time with rolling, massaging strikes, and such to get the thing into a state where you can exit for at least a scratch. On October 6th, I played earnings via a 2 contract 72/75/90/93 iron condor, for which I received a .94 credit. Price proceeded to breach the short...
Earnings are high risk binary events. Many traders try to time major directional earnings moves by using technical analysis (me included). Although it often works, it sometime can end up with an unpleasant loss. Before $YUM's earnings, I sent to the Elite Zone members a setup suggesting that $YUM could reach 92$ and complete a bearish Bat pattern (potential...
YUM announces earnings on 10/6 after market close, so if you're going to play this via an options setup, look at getting a fill for whatever you put on prior to the 10/6 New York close. Ordinarily, I trade these using a short strangle or iron condor, with the short call/put legs at or around the 1 standard deviation line for the chosen expiry, which will either...