COI Earnings Trader Issue: October 2, 2023

I’m going to keep it short today, with just a quick update.

The earnings calendar is somewhat bare as we finally reach the end of the earnings doldrums. Next week, however, earnings season finally returns with several of the big banks due to report, including Citigroup (C), JPMorgan Chase (JPM), Wells Fargo (WFC) and several others. I expect to be a part of one, if not two, of those earnings announcements. Of course, I will go over a preliminary, detailed look at a trade or two in next week’s issue. However, until then, we should expect to stay on the sidelines as there just aren’t any opportunities that meet our strict criteria.

Weekly Earnings Commentary

I’m going to keep it short today, with just a quick update.

The earnings calendar is somewhat bare as we finally reach the end of the earnings doldrums. Next week, however, earnings season finally returns with several of the big banks due to report, including Citigroup (C), JPMorgan Chase (JPM), Wells Fargo (WFC) and several others. I expect to be a part of one, if not two, of those earnings announcements. Of course, I will go over a preliminary, detailed look at a trade or two in next week’s issue. However, until then, we should expect to stay on the sidelines as there just aren’t any opportunities that meet our strict criteria.

Our overall return as we head into earnings season sits at 78.4%. We’ve made 34 trades in total with a win ratio of 79.4% (27 out of 34 winning trades.) Certainly no complaints here as we thankfully sit in positive territory during what has been an incredibly challenging market for all participants since we started the Earnings Trader service roughly 16 months ago.

If you have any questions, please do not hesitate to email me at andy@cabotwealth.com.

The next Cabot Options Institute – Earnings Trader issue will be

published on October 9, 2023.

Andy Crowder

Andy Crowder is a professional options trader, researcher and Chief Analyst of Cabot Options Institute. Formerly with Oppenheimer & Co. in New York, Andy has leveraged his investment experience to develop his statistically based options trading strategy which applies probability theory to option valuations in order to execute risk-controlled trades. This proprietary strategy has been refined through two decades of research and real-world experience and has been featured in the Wall Street Journal, Seeking Alpha, and numerous other financial publications. Andy has helped thousands of option traders learn and implement his meticulous rules-driven options trading strategies through highly attended conferences, one-on-one coaching, webinars, and his work as a financial columnist. He currently resides in Bolton Valley, Vermont and when he’s not trading, teaching and writing about options, he enjoys spending time with his wife and two daughters, backcountry skiing, biking, running and enjoying all things outdoors.