My Earnings Watchlist April 22-26, 2024

Volatility is back, and it will only continue to pick up due to the number of earnings reports on the calendar. The indexes are bouncing well today, and the VIX has come back below 17, but that doesn’t mean big movement is done.

This is especially true today and tomorrow because we have a critical report from Tesla (TSLA) after the market close. Check out my calendar below:


The Tesla Effect

Tesla is trading slightly above lows on the year, as it has rolled over hard going into earnings. It has experienced major gaps lower in the last four quarters in a row. Not only can TSLA fall hard post-earnings, but it can also keep falling after the report, hurting the Nasdaq and the rest of the upcoming mega-cap tech stocks.

Tesla: Earnings Hot Zone

Check out my stats from the Earnings Hot Zone Indicator in TSLA down below:


It’s typical for the Nasdaq to struggle if Netflix (NFLX) and Tesla (TSLA) kick off mega-cap earnings with lackluster results. Will that be the case tomorrow? I think it’s highly probable, but in this case, Tesla has already fallen so much that making a small short squeeze bet to the upside, in addition to some bearish trades, makes sense.

Mega-Cap Tech Earnings

After TSLA reports, the market will wait for heavy hitters, including Meta (META), Microsoft (MSFT), Alphabet (GOOGL), Roku (ROKU), Intel (INTC), and more on Wednesday and Thursday.

How are you trading them? Join us in the trading room as we make our bets. I will likely trade these with out-of-the-money butterflies if I want to make a directional bet or iron condors if I stick with a neutral bet. Based on what we have seen this season so far, betting on a greater-than-expected move has generally been the way to go.

Up Next...

SPX 0 DTE: Part II

Hey traders! I posted a video on a neutral SPX 0 DTE strategy on Monday, and I had many questions, so I decided to do a follow-up video with a second example. In this video, I cover several questions, including the width of my iron condors, the length of time, the risk-to-reward, and more. Check … Read more

Read More

Trade Review: Using a Neutral 0 DTE SPX Strategy

  In today’s Trade Review episode, I cover a quick SPX 0 DTE trade from last Friday at market close. In this video review, I cover: Why I decided to make a bet that the market would trade sideways into the close How I analyzed the options chain and technical chart patterns Why I decided … Read more

Read More

Butterflies + Put Credit Spreads Combined

A Bullish Earnings Call Last week, in the trading room, one of our members requested that I analyze the ticker AAP. This ticker belongs to Applovin, a company I’ve never traded before. This find is a prime example of the collaborative aspect of the trading room, and it’s why I appreciate our dedicated traders so … Read more

Read More

Subscribe Today!

Want my up-to-date analysis, setups, top trading tips, and more? Be a Five Star trader, and join my free newsletter today!

Sign Up Now