Sales up in China, dropping in US. Not much movement after hours. Remember to watch at the open to decide what to do. Detailed earnings info is here http://finance.yahoo.com/news/Yum-Brands-post-7-percent-apf-243514892.html
This is playing out as the worst strangle scenario so far (looking at premarket movement). Stock up a little. I think I am going to hold onto these options for a while and not sell them at the open. But this may not be a bad time to close and take your lumps. We still have 10 days to expiration so we do have some time to see how this plays out and in which direction the stock moves. But the big move I was expecting did not happen. YUM did not miss estimates or beat them. They were right in line and that has resulted in no move at all so far.
No comments:
Post a Comment