Next Week Earnings Plays - 6/8/2023 LEN and ORCL

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THESIS:

So a couple of members and I spent an hour going over next weeks earnings releases in a live session. I encourage you to join these if you can.

We came up with 2 candidates and both have really good R and possible catalyts.

SIZE SMALL - I COULD LITERALLY DO 1 CONTRACT OF EACH AND IF THEY WORK, THEY WOULD BE MEANINGFUL.

1. Lennar Homes (LEN)

Other homebuilders have beat. Also, LEN is one of those stocks that people hate - I hate it. Why? BC it should be down from a macro standpoint. But the market does not care what I think.

Earnings: 6/14 AMC - after market close

Expected: 2.31 EPS on 7.17 billion revs

A 10% move in the stock with an estimated 45% IV crush produces a +8x return,

The options:

June 121Calls for .50 or better. I got .45

Hypothetical return of 3.71.

Here is the chart:

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2. Oracle (ORCL)

AI AI AI AI

And these guys "sandbag" their earnings which means they guide low and always beat.

Earnings: 6/12 AMC - after market close

Expected: 1.31 EPS on 13.73billion revs

A 10% move in the stock with an estimated 40% IV crush produces a +3x return,

The options:

June 115Calls for .99 or better. I got .97

Hypothetical return of 3.27

Here is the chart:

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This is not investment advice. Nothing in this document should be construed as investment advice. The opinions offered are the Author's only. This document is for entertainment purposes only. Always consult with your advisors before investing any money. Readers of this document agree that they will not use this information to make investment decisions.

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