SCTY EARNINGS PREVIEW:
Reports after the close tomorrow. Fundamentally I will score it at 6 to 6.5 out of 10. (The bad data is horrible.) I will not consider it bullish given that it is below 7.5. On the other hand, the score is high to consider it bearish. So the fundamentals are neither bullish nor bearish.
Technically, it is bullish. See SCTY-DAILY below.
Finally, based on the fundamentals and technicals, I'm reluctantly bullish due to lack of clear direction from the fundamentals. This is a difficult play to make especially given that SCTY always makes huge moves after reporting. So there is no room for error. Being on the wrong side will be painful.
I will buy October Call options going into the report. Playing Straddle or Strangle would have been a good alternative given that I'm reluctantly bullish. But the problem is that the bid-ask spreads are not good otherwise I would have played Strangle i.e buy in-the-money (ITM) Calls and out-of-the-money (OTM) Puts. So I will go with ITM Calls only.
I will review it again. If I decide to do something else I will post it any time before 3:30pm ET tomorrow. It really needs an in-depth review which I'm not able to do now.
SCTY-DAILY
AAPL-15MIN
APC-15MIN
IWM-DAILY
IWM-15MIN
LNKD-WEEKLY
LNKD-DAILY
LNKD-15MIN
TWTR-15MIN
SPX-DAILY III
SPX-DAILY II
SPX-DAILY I
SPX-30MIN
SPY-15MIN