COST earnings 12/10 at 4:15pmCOST Q1 Nov 20' earnings is on 12/10 at 4:15pm. Last earnings, Costco Wholesale reported Quarter August 2020 earnings of $3.13 per share on revenue of $53.4 billion. The consensus earnings estimate was $2.85 per share on revenue of $52.6 billion. Structurally, it looks like a just about perfect entry for a long entry. A $375call12/18 is going for around $6.50 ($650) per contract, with Delta: .47, Theta: .34 & Vega: .26.
Earnings Whisper $2.25
Consensus: $2.04
Revenue: $42.43 Billion
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. 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*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
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, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
www.tradingview.com
