Don’t Miss Coronation Tomorrow – I Will Crown the King of Earnings
Dear Profit Takeover reader,
DAL – Delta Air Lines, Inc. (NYSE: DAL) – is kicking off the Q1 earnings season TOMORROW.
Last quarter’s EPS was up 50.15%…
And when you compare that to last year’s Q1 EPS down -11.85%, you can see that DAL has made some big moves over the past year.
Here’s an image of DAL’s movement and indicators from our wallstreet.io software below…
Take a look at the heavy trading volume – the yellow bars on the right – and the red line of implied volatility underneath –
Image from wallstreet.io
I expect that tomorrow’s earnings will affect the IV – and I may find a trade in DAL over the next few days depending on how volatility moves.
DAL had a good year – but it was nothing compared to another group of stocks..
A group that I’m crowning the KING of earnings season during tomorrow’s Profit Takeover show.
This group of stocks is set to release EXPLOSIVE earnings..
And I think this is going to be a chance for insane profits –
If we play volatility the right way – which is exactly what I’ll show you to do tomorrow.
I’ll have a full hour to outline what I’ll be watching and –
I suspect earnings are going to POP for this group…
And volatility is my number 1 indicator for WHEN to make a profitable play…
So do not miss tomorrow’s free Profit Takeover show.
Sign up and add it to your calendar RIGHT HERE.
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Until next time,
Mark Sebastian
Founder, Profit Takeover
VIX LIGHT
Some of my indicators are yellow…
But it’s not enough to change my VIX light from RED.
Which means, I expect volatility to stabilize or drop.
We are seeing some pretty aggressive volatility selling into the holiday weekend.
If we don’t hold – this is going to be an ugly week for VIX.
VIX is still in contango…
We may see VIX futures hit below 22 if we don’t sell off…
VXX is still trading at a premium compared with its true value… currently at 25.46:
Image from wallstreet.io
UVIX could get below 16 – now at 16.84.
I have been watching options on UVIX and might make some plays after options have been open a bit longer.
Image from wallstreet.io
The VIX is currently at 22.96…
Image from Yahoo Finance
Volume in VIX options has been very light this week.
Vol selling is only going to get worse heading into the weekend.
WEEKLY SCHEDULE (ET)
Thursday 4/14: 11:00 – 11:30 am Foundations of Trading Preview
Friday 4/15: Market Closed. NO LIVE PROGRAMMING
TODAY’S WATCHLIST
- Apple Inc (NASDAQ:AAPL)
After a really ugly Monday AAPL is recovering from the 50-day moving average (DMA).
It is currently at around $168.37…
Image from wallstreet.io
I am curious to see if it can hold this rally, but it could be really brutal.
If it doesn’t hold the 50 DMA, I would look to go short.
- Delta Air Lines, Inc. (NYSE:DAL)
DAL posted earnings tomorrow morning, kicking off the Q1 reporting season.
It is now at about $38.60…
Image from wallstreet.io
I am still seeing heavy trading volume in this one.
I may look for a play here when volatility is in the right spot.
- Tilray Inc (NASDAQ:TLRY)
TLRY might hit $7…
It is currently at $6.49…
Image from wallstreet.io
I would go short if it touches $7.
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April 12 2022
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