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Additional product details

eText: 
ISBN-13 9780132947435ISBN-10 0132947439
Print: 
ISBN-10 0132947390ISBN-13 9780132947398
Author(s): Ping Zhou; John Shon
Publisher: FT Press
Copyright year: © 2013 Pages: 256
Description

By trading on corporate earnings, investors can reliably profit in both up and down markets, while avoiding market risk for nearly the entire quarter. In this book, two leading traders and portfolio managers present detailed, specific, actionable techniques anyone can use to capture these sizable profits. Ping Zhou and John Shon have performed an unprecedented empirical analysis of thousands of stocks, reviewing tens of millions of data points associated with option prices, earnings announcement returns, and fundamentals. Their analysis has identified consistent opportunities associated with focusing on the magnitude of the market's reaction to earnings, not its direction. Zhou and Shon offer concrete guidance for improving the likelihood of making correct forecasts, and managing the risks of incorrect forecasts. They introduce several ways to exploit option trading opportunities around earnings news, discuss crucial issues that most retail investors haven't considered, and explore aspects of earnings-related option trading that have never been empirically examined and documented before. For example, they identify hidden patterns and potential opportunities based on valuation, industry, volatility, analyst forecasts, seasonality, and trades that immediately follow earnings announcements. Trading on earnings reports offers immense profit opportunities, if you know how. This book provides incontrovertible facts and detailed strategies, not just theories and anecdotes!

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