Swing Trading Earnings Bullish Momentum With Options in Peapack-Gladstone Financial Corporation – CML News

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Disclaimer
The results here are provided for general informational purposes, as a convenience to the readers. The materials are not a substitute for obtaining professional advice from a qualified person, firm or corporation.

PREFACE
There is a pattern of bullish momentum in Peapack-Gladstone Financial Corporation (NASDAQ:PGC) stock just days before earnings, and we can track that by looking at swing returns in the option market. The strategy won’t work forever, it can be easily derailed by a couple of down days in the market irrespective of Peapack-Gladstone Financial Corporation news, and in fact, it hasn’t even won more often than it has lost, but since the profits from the winning trades are so much larger than the losing trades, that it has returned 2,224% annualized returns.

IDEA
The idea is quite simple — trying to take advantage of a pattern in short-term bullishness just before earnings, and then getting out of the way so no actual earnings risk is taken. Now we can see it in Peapack-Gladstone Financial Corporation.