New OLED Diagonal Call Spread
Sold OLED 05/17/2019 167.50 Calls (adding on) / Bought OLED 09/20/2019 250.00 Calls @ 0.80 Credit.
With the stock at 166.80 it might work out that I can finance a long term long call for free by Friday.
Or if I’m forced to cover for this week. I can roll the short up if the stock behaves normally and doesn’t run away.
Second Quarter Earnings will tentatively be announced 08/08/2019. With 9 analysts covering OLED, the consensus EPS estimate is $0.46, and the high and low estimates are $0.50 and $0.43, respectively.