Opening the Gate

Both Intel (INTC) and Bank of America (BAC) will report their earnings results before trading kicks off tomorrow. We're already well into the big banks reporting and their impact has been fairly minimal in my view on the overall market. I'll watch, but I don't really have an interest in making a trade on BAC. I'm not all that interested in INTC at the moment either.

When I look at the info charts I use to assess companies' earnings track records, there isn't a whole lot of excitement. Options are pricing in a move around 3.5%, which INTC has failed to surpass on a closing basis for the last three reports. In fact, INTC has opened below the implied move for four quarters in a row. Selling straddles has worked well, but with the stock trading at Five-week highs, I have to say I worry about this trend....279 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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