• Kumar

ZOOM Earnings, SalesForce, Root Insurance and Many More! ($ZOOM, $CRM, $ROOT)

ZOOM ($ZM) has earnings Monday after market close

I would like to see this stock climb after earnings release, it has life after COVID is over and I think it's going to start to prove that its a company that will be around for a long time. I am bullish into earnings, the safest play is to sell a vertical put credit spread on this name.

Support at $370, so a vertical put here would be a good idea for Dec 18th 2020.

Salesforce ($CRM) has earnings Tuesday after market close Recently announced acquisition of slack which affected the stock negative. I am assuming the stock will not move during earnings much. I would like to setup an Iron Condor here between $220-$270.

ULTA ($ULTA) has earnings Thursday after market close.

They recently announced a partnership with target which I think is going to help leverage their brand and also help target in conjunction. This partnership makes a lot of sense in my eyes and will bode well for the future of ULTA, Having to compete with Amazon and other online retailers. The clientele that shops at target matches exactly what ULTA is looking for and investors should reap rewards of this partnership. I would buy long calls (long dated 2-3 months out) in ULTA before earnings. Current stock price is $281 dollars. I believe this stock continues.

Root Insurance ($ROOT) has earnings Tuesday after market close You've probably received a YouTube ad from Root insurance. What is the hype real or was this just a marketing play that you can lower your insurance from current rates well guess what I went and tried out the app to see if I would get better rates. After three weeks of driving on the app which is required for them to figure out the rate that you would receive I ended up with a slightly higher insurance rate than my current Geico insurance. They probably spent a ton of marketing dollars to acquire me to download the app and use the service but at the end of the day I did not sign up. There are many insurance companies like this that are turning up so I think this market will be flooded and this will just be one of our dozen other companies. I would avoid buying long shares, I am more likely to sell to vertical call credit spreads on these or buying puts if available.

Home ($HOME) has earnings Tuesday after market close This company has been a world wind ever since Covid I would elect to avoid this company or if you are willing to gamble by lotto calls. I believe there's more upside available than downside risk but I am avoiding any plays into this name. The home furnishings sector is booming and continues to booms though I am unsure if this will continue after Covid.

If you have not used an Unusual Options Activity Scanner, you need one in your toolkit to help follow smart money, SweepCast.com is one of the simplest platforms to help do this! Check them out (they have a Black Friday deal currently going on as well for only $119/YEAR!)