I’m not strong like you guys. Go ahead and make this play for me – Intuit Calls for Friday. via /r/wallstreetbets #stocks #wallstreetbets #investing

Iā€™m not strong like you guys. Go ahead and make this play for me ā€“ Intuit Calls for Friday.

Intuit (turbo tax for some of you) releases earnings Thursday after close. They already reduced expectations last week due to a slow start to tax season. They are not wrong, the tax season started exceptionally slow. Broker statements were delayed and they are all now out and season is in full force now. So Intuit price dropped for the lower than expected quarterly results. They just moved the results to next period meaning they are ready to show a huge projection for the next quarter. Everyone is buying into their subscription plans. Life is good if you are intuit

480 strike cost 910 ā€“ so north of 490 is profit. A 470 strike was 13.50 so 484 gets you paid on just a 3% price increase! Last time they released earnings, I didn’t know about calls, so I only made about $160 a share on the increase in my broke ass account ā€“ I missed the 20k profit per call. SMH

NOTE: I could be wrong, but I don’t think so.

Submitted February 23, 2022 at 10:42PM by wasilvers
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