Rocket Equities & Options Update - July 22, 2020
Earnings tonight and tomorrow
The S&P is making intra-day highs with about 45 minutes left to go in the trading day. Gold has showed tremendous strength today and seems poised to make new all-time highs in the near term. Crude has held up relatively well today, even with a surprise build at 10:30 am EST for the EIA inventory number. The VIX seems to want lower prices today, even as the market struggles to hold onto positive territory.
TSLA & MSFT are tonight after the bell. Tomorrow is the main event with many important equities pre and post market.
TSLA is pricing in almost a $200 move on their earnings tonight. MSFT is pricing in almost $9. TWTR is out with their earnings tomorrow morning around 7 am EST and they are pricing in about a $3.38 move.
There is some huge volatility priced into these equities, but probably rightly so with the moves they've had recently and what's on the line for them when they announce.
We're scanning the markets for potential short term and long term trades. The market is just hanging at these levels today. With volatility so high in many equities, there are various ways to play these markets depending on our bias.
Stay tuned for more updates this week.
Huge day of earnings tomorrow, some of the names I'll be watching:
Pre-market tomorrow: TWTR, LUV, AAL, T, BX, DOW, CTXS, FCX, NUE, CTAS
After market tomorrow: AMZN, INTC, SWKS, MGM, ETFC
TSLA & MSFT are tonight after the bell. Tomorrow is the main event with many important equities pre and post market.
TSLA is pricing in almost a $200 move on their earnings tonight. MSFT is pricing in almost $9. TWTR is out with their earnings tomorrow morning around 7 am EST and they are pricing in about a $3.38 move.
There is some huge volatility priced into these equities, but probably rightly so with the moves they've had recently and what's on the line for them when they announce.
We're scanning the markets for potential short term and long term trades. The market is just hanging at these levels today. With volatility so high in many equities, there are various ways to play these markets depending on our bias.
Stay tuned for more updates this week.
Huge day of earnings tomorrow, some of the names I'll be watching:
Pre-market tomorrow: TWTR, LUV, AAL, T, BX, DOW, CTXS, FCX, NUE, CTAS
After market tomorrow: AMZN, INTC, SWKS, MGM, ETFC