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Ride-the-Wave Strategy – Best for Stock Traders

Ride-the-Wave targets multi-day price momentum following a company’s earnings announcement (EA). With this strategy:

  1. Buy a stock one day post-EA if a stock reacts positively post-earnings:
    1. Near the close of trading the EA-day for a pre-market-EA
    2. Near the close of the following day for a post-market-EA
  2. Sell-to-close after 7-10 days, or possibly earlier if a desired price target is reached

Similarly,

  1. short a stock one day post-EA if a stock reacts negatively post-earnings:
    1. near the close of trading the EA-day for a premarket-EA
    2. near the close of the following day for a post-market-EA
  2. then buy-to-close after 7-10 days, or possibly earlier if a desired price target is reached

Important: Ride-the-Wave is predicated on significant price momentum triggered by an EA. The 7-10 day scenario is the maximum trade hold-time. If you see post EA-momentum is halted or reversed by a significant opposite move, re-evaluate your presence in the trade.

This popular StockEarnings screen below will give you a list of stocks that historically exhibit significant price momentum following an EA for the next seven days:

  1. Stocks exhibiting positive post-EA price moves are buy-candidates
  2. Stocks exhibiting negative post-EA price moves are sell/short-candidates

The screen includes those stocks whose Earnings just came out in last two days.

Screen criteria:

  1. Earnings Date Start Date : Current Date + -1 Day
  2. Earnings Date End Date : Current Date + -2 Days
  3. Predicted Move (Next Day) Max : 7%
  4. Predicted Move (On 7th Day) Min : 7%

Strategy Guideline:

  1. Buy the stock if stock has reacted positively. Short the stock if stock has reacted negatively (see above).
  2. Close the position in 7-10 days, or possibly earlier based on price move.

Volatility Crush Strategy - Best for Options Traders

The Volatility Crush strategy is used with stocks that typically experience relatively low-to-moderate price moves (≤4%) following their Earnings Announcements (EA). The basic trade idea is to sell put or call options right before the EA, collecting a credit when options premium is very high due to elevated implied volatility (IV). You then close the position right after the EA by buying the option back much cheaper due to the significant drop in IV that occurs after the mystery of the EA disappears. In assessing this trade, you need to do your homework to ensure you collect sufficient premium to make the trade worthwhile.

This trade is practical due to the low-to-moderate price-move after the EA, which generally won’t significantly affect the options price, unlike an “action” stock, which experience great price moves post-EA. With these symbols, if you’re on the right side of the price move, that’s a great thing. But if you’re on the wrong side of the move, not so great. Consequently, by minimizing the effect of the post-EA price move, you have a much better chance to profit from the reduction in IV without it being ruined by a violent price move.

For this trade, open the position either (1) the night before the EA when the company announces earnings or (2) during the EA day when it announces post-market, generally capturing IV at or close to its peak.

For this trade, open the position either (1) the night before the EA when the company announces earnings or (2) during the EA day when it announces post-market, generally capturing IV at or close to its peak.

This popular stockearnings screen will give you a list of stocks which do not react more than 4% fpost-EA. It includes only those stocks whose earnings are releasing next day.

Screen criteria:

  1. Earnings Date Start Date : Current Date + 1
  2. Earnings Date End Date : Current Date + 1
  3. Predicted Move (Next Day) Max : 4%
  4. Options Type: Weekly

Strategy Guideline:

  1. Options Strategy: Sell Call and Put
  2. Options Strike Price: Current Stock Price – (% Predicated Move x 2)
  3. Expiration Date: It should generally be the closest expiry immediately after the EA.
  4. Buy Insurance: Buying back Call and Put at Strike price which 10% lower than Sell Strike Price is optional but recommended.

Watch Video for More Detail

Volatility Rush Strategy - Best for Options Traders

The Volatility Rush takes advantage of increasing options premiums into earnings announcements (EA) caused by an anticipated rise in Implied Volatility (IV). With this strategy, Buy a Call and Put at-the-money (a long straddle) 2-3 weeks before the EA when IV is lower. Sell the position either (1) the night before the EA when the company announces earnings pre-market, or (2) during the EA day when it announces post-market, generally capturing IV at or close to its peak.

This popular screen will give you a list of stocks whose Options premiums tend to rise into Earnings. It includes only those stocks whose Earnings are at least two weeks away from today.

Screen criteria:

  1. Earnings Date Start Date : Current Date + 15 Days
  2. Earnings Date End Date : Current Date + 30 Days
  3. Predicted Move (Next Day) Min : 5%
  4. Options Type: Weekly or Monthly if that lines up with the two to three-week lead-time for entering the trade

Strategy Guideline:

  1. Buy a Straddle at or close to the money two to three weeks pre-EA.
  2. Sell the position either the night before the EA when the company announces earnings pre-market, or during the EA day when it announces post-market.
  3. Expiration date should generally be the closest expiry immediately after the EA.
  4. Straddle price should not be more 60% of predicted move.

Predicted Move (Volatility)

Similar to Implied Volatility in Options. Expected volatility % based on our Proprietary Volatility Predication Model. We are expecting that stock price will likely to reach % in either direction by the end of next trading session after Earnings are released and not necessarily the closing volatility %.

Why is it important?

    This indicator helps

  1. Knowing expected volatility in stocks after Earnings helps to decide trading stocks before Earnings Announcement.
  2. Taking Advantage of volatility collapse following Earnings Results by using Advance Options strategies such as Spread and Straddles.

Since Last Earnings

Change in share price since last Earnings release.

Why is it Important?

When share has gained more than 10% since it's last Earning release, it tends to over react to minor bad news and give up some gains if not all. So, it contains more downside volatility than upside When share has dropped more than 10% since it's last Earning release, it tends to over react to minor good news and recover some drops if not all. So, it contains more upside volatility than downside.

EPS Surprise (%)

Occurs when a company's reported quarterly or annual profits are above or below analysts' expectations. Here is the formula to derive % EPS Surprice:

Actual EPS - Estimated EPS
------------------------------------- x 100
Estimated EPS

Why is it Important?

Earnings surprises can have a huge impact on a company's stock price. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time. Hence, it's not surprising that some companies are known for routinely beating earning projections. A negative earnings surprise will usually result in a decline in share price.

Next Day Price Change (%)

Next Regular trading session Closing price following Earnings result.

For After Market Close Earnings, It is a next trading day closing price. For Before Market Open Earnings, It is the same trading day closing price.

Why is it Important?

Next Day price change is a reaction of Earnings result.

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Alexander's Announces Third Quarter Earnings Release Date and Vornado Realty Trust Quarterly Conference Call
October 19 2021 09:00 AM

PARAMUS, N.J., Oct. 19, 2021 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE: ALX) today announced that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 2021 with the U.S. Securities and Exchange Commission and issue its third quarter earnings release on Monday, November 1, 2021, before the New York Stock Exchange opens.

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Alexander's Announces Second Quarter Financial Results
August 02 2021 05:52 AM

PARAMUS, N.J., Aug. 02, 2021 (GLOBE NEWSWIRE) -- ALEXANDER'S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended June 30, 2021 today and reported:

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Alexander's Declares Quarterly $4.50 Dividend on Common Shares
July 28 2021 09:45 AM

PARAMUS, N.J., July 28, 2021 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE: ALX) today announced that its Board of Directors has declared a regular quarterly dividend of $4.50 per share payable on August 20, 2021 to stockholders of record on August 9, 2021.

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Alexander's Announces Second Quarter Earnings Release Date and Vornado Realty Trust Quarterly Conference Call
July 20 2021 09:47 AM

PARAMUS, N.J., July 20, 2021 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE: ALX) today announced that it will file its quarterly report on Form 10-Q for the quarter ended June 30, 2021 with the U.S. Securities and Exchange Commission and issue its second quarter earnings release on Monday, August 2, 2021, before the New York Stock Exchange opens.

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Alexander's Announces IKEA Exercises its Option to Purchase Paramus Property
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PARAMUS, N.J., May 13, 2021 (GLOBE NEWSWIRE) -- ALEXANDER'S, INC. (New York Stock Exchange: ALX) announced today that it received notice from IKEA Property, Inc. of its election to exercise its purchase option of the Paramus, New Jersey property. The Company anticipates closing the sale in the fourth quarter of 2021. The purchase price is $75 million and after repayment of the $68 million mortgage, the Company expects to receive net cash proceeds of approximately $6 million after costs. The financial statement gain will be approximately $60 million and the tax gain will be approximately $63 million. The Company does not expect to pay a special dividend related to this transaction.

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Alexander's (ALX) Tops Q1 FFO and Revenue Estimates
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Alexander's (ALX) delivered FFO and revenue surprises of 0.20% and 3.41%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

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Alexander's Announces First Quarter Financial Results
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PARAMUS, N.J., May 03, 2021 (GLOBE NEWSWIRE) -- ALEXANDER'S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended March 31, 2021 today and reported:

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Alexander's Announces First Quarter Earnings Release Date and Vornado Realty Trust Quarterly Conference Call
April 21 2021 11:04 AM

PARAMUS, N.J., April 21, 2021 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE: ALX) today announced that it will file its quarterly report on Form 10-Q for the quarter ended March 31, 2021 with the U.S. Securities and Exchange Commission and issue its first quarter earnings release on Monday, May 3, 2021, before the New York Stock Exchange opens.

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Alexander's (ALX) Upgraded to Strong Buy: What Does It Mean for the Stock?
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Alexander's Announces Fourth Quarter Financial Results
February 16 2021 06:53 AM

PARAMUS, N.J., Feb. 16, 2021 (GLOBE NEWSWIRE) -- ALEXANDER'S, INC. (New York Stock Exchange: ALX) filed its Form 10-K for the year ended December 31, 2020 today and reported:

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Alexander's Announces Fourth Quarter Earnings Release Date and Vornado Realty Trust Quarterly Conference Call
January 28 2021 11:46 AM

PARAMUS, N.J., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE: ALX) today announced that it will file its annual report on Form 10-K for the year ended December 31, 2020 with the U.S. Securities and Exchange Commission and issue its fourth quarter and full year earnings release on Tuesday, February 16, 2021, before the New York Stock Exchange opens.

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Alexander's (ALX) delivered FFO and revenue surprises of -24.81% and -11.41%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

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Alexander's Announces Third Quarter Financial Results
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PARAMUS, N.J., Nov. 02, 2020 (GLOBE NEWSWIRE) -- ALEXANDER'S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended September 30, 2020 today and reported:

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PARAMUS, N.J., Oct. 26, 2020 (GLOBE NEWSWIRE) -- ALEXANDER'S, INC. (New York Stock Exchange: ALX) announced today that it has completed a $94 million financing of The Alexander, a 312-unit residential building that is part of the Company's residential and retail complex located in Rego Park, Queens, New York. The seven-year interest only loan matures in November 2027 and has a fixed rate of 2.63%.

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October 15 2020 07:54 AM

PARAMUS, N.J., Oct. 15, 2020 (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (NYSE: ALX) announced today that Vornado Realty Trust (NYSE: VNO), the manager which conducts Alexander’s operations, will host a quarterly earnings conference call and an audio webcast on Wednesday, November 4, 2020 at 10:00 a.m. Eastern Time (ET). On the call, information concerning Alexander’s may be discussed.

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September 14 2020 02:24 PM

PARAMUS, N.J., Sept. 14, 2020 (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (New York Stock Exchange: ALX) announced today that it has amended a $350 million mortgage loan on the retail condominium of 731 Lexington Avenue in Manhattan. Under the terms of the amendment, the Company paid down the loan by $50 million to $300 million, extended the maturity date of the loan through August 2025 and guaranteed the interest payments and certain leasing costs. The principal of the loan is non-recourse to the Company. The interest only loan remains at the same rate, LIBOR plus 1.40% (currently 1.55%).

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Alexander's (ALX) Tops Q2 FFO Estimates
August 03 2020 07:15 AM

Alexander's (ALX) delivered FFO and revenue surprises of 55.31% and -15.94%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

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Alexander’s Declares Quarterly $4.50 Dividend on Common Shares
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July 29 2020 11:50 AM

PARAMUS, N.J., July 29, 2020 (GLOBE NEWSWIRE) -- Alexander’s, Inc. (NYSE: ALX) today announced that its Board of Directors has declared a regular quarterly dividend of $4.50 per share payable on August 21, 2020 to stockholders of record on August 10, 2020.

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PARAMUS, N.J., July 14, 2020 (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (NYSE: ALX) today announced that Vornado Realty Trust (NYSE: VNO), the manager which conducts Alexander’s operations, will host a quarterly earnings conference call and an audio webcast on Tuesday, August 4, 2020 at 10:00 a.m. Eastern Time (ET). On the call, information concerning Alexander’s may be discussed.

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Alexander’s Declares Quarterly $4.50 Dividend on Common Shares.
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Alexander's Leases 112,500 Square Feet to IKEA at its Rego Park I Shopping Center
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PARAMUS, N.J., Sept. 24, 2019 (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (New York Stock Exchange: ALX) announced today that it has completed a 10-year lease with IKEA for 112,500 square feet at its Rego Park I shopping center located on Queens Boulevard and 63rd Road in Queens, New York. The IKEA store will be the first U.S. location for IKEA’s new, urban format and replaces a significant portion of the space formerly occupied by Sears.

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