As it turns out, both companies will publish earnings within days, BBY on Aug. 23 and WMT on Aug. 18, both before opening bell.
Normally, I trade on earnings the day before publication. I failed to notice the scheduled earnings in setting up my trading for today. It counts as an error.
I have placed an order on BBY and shall keep it live today in the hopes of a fill and shall adjust the position as needed as earnings continues to approach. I shall defer my full analysis of WMT until Aug. 17, the day before earnings.
By Tim Bovee, Portland, Oregon, Aug. 15, 2016
by Alex Cuadros
Tradecraft: Playing the odds to build winning stock market trades from options, a description of how I trade, can be read here.
Small Lots: A new strategy discusses the thinking behind the analysis that identified these trades and can be read here. The symbols noted in this post are intended fortrading on a commission-free platform such as Robinhood Financial.
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