Earnings for This Week

These are the key earnings for this week, trade accordingly!

Monday
BAC, BSX, HAL, IBM, TXN

Tuesday
AMD, AKS, BJS, BRCM, COF, CAT, CENX, COH, CREE, RF, SNDK, STX, KO, USB, UTX, UNH, YHOO

Wednesday
AAPL, T, CMG, CAL, GSK, IR, MCD, MS, STLD, BA, VMW, WFC, YUM

Thursday
AMZN, AXP, AMGN, BDK, CF, COP, IBKR, MSFT, NFLX, NOV, PEP, RS, SPWRA, UPS

Friday
MMM, ACI, F, HON, SLB


No positions taking on any earnings trades yet for me. I will say that the AAPL number will be interesting. Frankly, I believe alot of the good news is priced into the stock and the most upside I see is $130-$135. If you own the stock, I would protect yourself here. If I owned the stock, I would sell a premium call that equals a premium put. For example, I'd sell the AAPL $130 calls for $3.3o, collect the $330 and buy the $115 puts for $3.30 (a $330 payout). You upside is capped but you have free insurance. This is more a risk adverse trade but you are really bullish, let it roll with no options. As for Sandisk, the options could be signaling a bullish number. Over 5,000 calls were bought on SNDK at the $14 strike, which is more than the open interest. In addition, 3,097 were bought at the $15 strike. As for puts, there were about 1,581 puts traded on the $15 strike. Perhaps big money is buying the $14 call and buying the $15 put but I will say that there is way more call buying going, so far. As for my view on SNDK, the firm has some catalysts, mainly stemming from Apple's purchases on flash memory. On the contrary, I believe the firm could have weaker margins due to weaker prices and I am not to thrilled about the management. However, I do love semiconductors.