Upbeat Earnings Spark Stock Rally

One Facebook options trader had impeccable timing yesterday

Apr 26, 2018 at 12:11 PM
facebook twitter linkedin

The Dow Jones Industrial Average (DJI) is pushing higher at midday, thanks to a post-earnings rally from Visa (V) and a strong move from Home Depot (HD). Chipotle (CMG) -- the best S&P 500 Index (SPX) stock today -- and Facebook (FB) continue to gain after earnings, as well, lifting equities across the board. A dip below the 3% mark from the 10-year Treasury yield is likely only adding to the risk-on backdrop. As such, the Dow is set for a second straight up day, throwing support behind this historical buy signal.

Continue reading for more on today's market, including:

us stock futures for april 26

Facebook Inc (NASDAQ:FB) options volume is unsurprisingly accelerated today as the stock rallies after earnings, last seen trading up 8.3% at $172.93. But it's worth calling attention to one trader who bought 11,000 July 175 calls for $3.50 each. These calls have more than doubled, and as such, this trader is now sitting on roughly $4 million in paper profits, according to Trade-Alert. Sentiment among options traders had actually been somewhat bearish on FB before earnings.

One of the best performing Nasdaq stocks today is Citrix Systems, Inc. (NASDAQ:CTXS), thanks to upbeat earnings. CTXS shares earlier hit a record high of $102.88, and were last seen trading up 5.4% at $101.84. They've added 21% year-over-year, but analysts remain mostly bearish

Lendingtree Inc (NASDAQ:TREE), on the other hand, is one of the worst Nasdaq stocks today. Shares of the lending company have plummeted 13.4% to trade at $265.85 -- putting them on pace for their lowest settlement since mid-November and the first below their 200-day moving average in over a year. The sell-off comes after the company reported lower-than-expected adjusted first-quarter profit, though revenue beat.

tree stock


Now is the time to join our thriving community of Event Traders who consistently profit from every earnings season. With this discounted subscription opportunity, you'll stay ahead of the curve and seize opportunities others miss. Do not let Q3 earnings season pass you by – subscribe now and supercharge your portfolio with expert insights that turn market reactions into profit-generating opportunities!! Don't waste another second... join us right now before the next trade targeting +200% is released!