Nothing better than waking up to a positive earnings surprise and big profits. Nothing worse than waking up to an earnings miss and heavy losses in your portfolio.
My specialty, my niche, was as a direct response copywriter. Other writers have built their careers around writing Annual Report Printers, radio scripts, white papers etc.
Late Payments- Making late payments on your credit card adversely affects your credit rating. It can quickly lead you down the path of financial ruin. That path is very difficult to get off of once you are on it. Late payments also mean that you will be hit with yet another fee for not paying your bills on time. Non-payment often occurs when people have gotten in over their heads with too much credit card debt. That destroys your financial standing.
Get the low-down on the company. Study their website. Google them. Get a copy of their last company annnual report. What is their mission statement, their competition?
If you have credit cards, get rid of them. Stop using the credit cards. The worse thing you can have is credit after bankruptcy. Instead apply for a secured credit card. Here you will have to deposit money into your credit card account and you can only use the credit card to the tune of the amount deposited. This will prevent you from spending beyond your means, the one thing that most probably is responsible for your bankruptcy. This type of credit card is excellent for building credit, but make sure that the credit card company reports your credit history to the credit bureaus.
For example: let’s say a stock was trading at $100 right before their earnings announcement. And you decided to put on a strangle by buying the $105 calls and the $95 puts. And since you only planned on being in the trade for a few days to a few weeks, you got into an option with only a few weeks of time left until expiration. (If you don’t need a lot of time, this helps keep the cost down.) So let’s also say the call was trading at $3.30 and the put was at $3.20.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.