🚨 Earnings Trade Alert
Welcome back to the Rude Awakening for Wednesday, March 10, 2021.
Today I’m going to show you an earnings play trade that you can set up using options.
Now, there are SO many ways to play earnings…
Generally, it’s a volatility play. We can use volatility to capture premium with options, get directionally biased into a stock… and that’s what I want to show you today.
I am going to show you a trade on one of my favorite stocks to use for quick profits.
Your Earnings Play: JD.com, Inc. (Nasdaq: JD)
I’m going to show you how to set up a winning trade on JD.
If you look at the chart, you’ll see it’s shown an upward trend throughout the past year, and you can see it’s been staying close to its 50day MA, holding that level as support for most of the time.
In the selloff we have seen, it’s now broken below that. But it’s trying to fight its way back up.
I love JD as a trading vehicle.
You can find out all the details as to why in today’s video.
JD reports earnings tomorrow morning before the opening bell. So we want to get positioned before that.
I’ll show you how you can look into a trade on this one today!
Have a great rest of your trading day.
See you tomorrow!
Editor, Rude Awakening