贝塔投资智库·2025-12-09 08:45Core Viewpoint - The article emphasizes the significance of the upcoming earnings season in December for U.S. stocks, highlighting the potential for significant stock price volatility and the effectiveness of options as a tool for investors to amplify returns during this period [1][2]. Earnings Calendar - A detailed schedule of key U.S. companies' earnings releases for December 2025 is provided, including companies like AutoZone, GameStop, Adobe, and Nike, with specific dates and times for earnings announcements [1][2]. Options Strategies - The article outlines five classic options strategies that can be employed during earnings season: - Buy Call: A strategy for bullish investors expecting significant price increases [4][6]. - Bull Call Spread: A moderate bullish strategy with limited upside potential [7]. - Buy Put: A strategy for bearish investors anticipating significant price declines [9]. - Bear Put Spread: A moderate bearish strategy with limited downside potential [11]. - Long Straddle: A strategy for investors expecting high volatility in either direction [13]. Strategy Details - Each strategy includes specific scenarios for application, initial costs, potential returns, and risk profiles: - Buy Call: High potential returns with unlimited upside and maximum loss equal to the premium paid [6]. - Bull Call Spread: Limited risk and reward, with a defined maximum profit and loss [7]. - Buy Put: Limited maximum profit with a defined risk equal to the premium paid [9]. - Bear Put Spread: Similar to the Buy Put but with reduced risk and capped profit [11]. - Long Straddle: Captures significant price movements in either direction, with defined risk limited to the total premium paid [13]. Trading Considerations - The article advises investors to focus on the breakeven points of their strategies and to select options with sufficient time until expiration to avoid liquidity issues and time decay [4][6].