International Business Machines (IBM), was up on October 17, the day that it released earnings, as well as the day after. Since 1990, IBM has acted this way in 22 prior eps releases. One month later, IBM has been up 86% of the time, with an average gain of 7.68%. When the earnings were released, the stock "gapped up"on October 18, and it was trading around 91.80 as I wrote this post. I would wait and see if IBM pulls back to fill the open gap in the 88-89 chart area, and if it does, purchase the November 90 calls. At that time, the calls may be trading for $1 or so, and if IBM performs what it usually does, on average, the stock would be trading around $95 around the time of option expiration on November 17.
In order to run this query on your Market Information Machine, here is the syntax that you will need:
SHOW
1: percent_move from 1 day later to 1 month later
WHEN
IBM is up repeated for the current and the next day
AND
EPS_date (IBM)
AND
Date is after 1989
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