REDDIT
10 calls into earnings. Either genius tomorrow or “deleted” by Friday.
**My DD: Oracle good. Calls cheap. Brain said send it.**
10 ORCL $170C, 9/11 exp, $6.15 avg. Earnings play.
Thesis: bullish on cloud/AI growth and guidance. I’m expecting a move above the market-implied earnings move.
Entry: $6.15 premium. Breakeven at expiration: $176.15. Max loss: $6,150. No averaging down. If ORCL doesn’t get the post-earnings move I’m expecting, I’m closing rather than holding and praying through expiration.
Main risk is IV crush + only 2 DTE.
Basically: high-risk, defined-risk earnings bet.
Yes, slightly unhinged.