HomeLifestyleEntertainmentTony Zhang On How To Trade Etsy Ahead Of Earnings
Tony Zhang On How To Trade Etsy Ahead Of Earnings

Tony Zhang says the market still does not favor high beta growth stocks especially since reactions after solid earnings reports have shown to be disappointing. Tony is taking a defensive position on ETSY prior to the earnings release. He sets up a long put spread for June which pays a 1.5 to 1 return on risk. Tony also says a trader could deploy a sold short call vertical for credit which is a higher probability lower return on risk setup.

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05 May 2021

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