Here Come The Fireworks

Two heavily shorted stocks are scheduled to report their earnings after the market close tomorrow, they are GMCR and TSLA. The option marketing is pricing these two stocks to have price movement of approximately plus/minus 13% or plus/minus $11.00 and $18.00 respectively.

Based on the most recent closing price, GMCR potential price target is 92.50 on the upside, and 70.50 on the downside. For TSLA, the potential upside price target is near 160 and the downside is approximately 124.

GMCR:



TSLA:



My trading plan is not to trade through earnings, and I will close my GMCR position before the market close tomorrow. Good luck to all those trading through earnings.

Disclosure: Long GMCR