11/8 Weekly Earnings Calendar Spreads (SYY, DHI, CAH, DIS)Description:
Some potentially attractive Calendar Spreads I'm looking at putting on based off of the close on Friday.
CAH looking especially attractive.
Announced Earnings Dates
SYY 11/9
DHI 11/9
CAH 11/9
DIS 11/10
Long Call Calendar Spread
Levels, break-evens, and R/R will be updated when positions are filled.
The boxes on the charts right now are the profit ranges at expiration for ATM Calls
You could always spread the puts instead of the calls if you want a slight bearish bias on the stock post earnings.
Criteria to enter:
At least 4:1 R/R, measured from max profit to debit required to enter.
Break-evens outside the expected move
Intend to close directly following earnings.
*Stops based off underlying stock price, not mark to market loss
Only invest what you are willing to lose
Break-evens and R/R vary on fill
