This Element is an excerpt from Trading on Corporate Earnings News: Profiting from Targeted, Short-Term Options Positions (9780137084920) by John Shon, Ph.D., and Ping Zhou, Ph.D. Available in print and digital formats. Two Line Description How to trade options before earning announcements — and profit whether the market raves or rages! Text Excerpt We’ve all seen perplexing market reactions to earnings announcements, but would you have guessed that this happens 40% of the time? Even if you predict the right direction of an earnings surprise, it’s still easy to lose money with a directional bet. So how can you profit from an earnings announcement? You use an options trading strategy called a “straddle.”
By trading on corporate earnings, investors can reliably profit in both up and down markets, while avoiding market risk for nearly the entire quarter. In this book, two leading traders and portfolio managers present specific, actionable techniques anyone can use to capture these sizable profits. Ping Zhou and John Shon have performed an unprecedented empirical analysis of thousands of stocks, reviewing tens of millions of data points associated with option prices, earnings announcement returns, and fundamentals. Their massive analysis has identified consistent opportunities associated with focusing on the magnitude of the market’s reaction to earnings, not its direction. Option Trading Set-Ups for Corporate Earnings News offers concrete guidance for improving the likelihood of making correct forecasts, and managing the risks of incorrect forecasts. It introduces several ways to exploit option trading opportunities around earnings news, discuss crucial issues that most retail investors haven’t considered, and explore aspects of earnings-related option trading that have never been empirically examined and documented before. For example, they identify hidden patterns and potential opportunities based on valuation, industry, volatility, analyst forecasts, seasonality, and trades that immediately follow earnings announcements. Simply put, trading on earnings reports offers immense profit opportunities, if you know how. This book provides incontrovertible facts and detailed strategies, not just theories and anecdotes!
This Element is an excerpt from Trading on Corporate Earnings News: Profiting from Targeted, Short-Term Options Positions (9780137084920) by John Shon, Ph.D., and Ping Zhou, Ph.D. Available in print and digital formats. Understand those crucial quarterly earning announcements: how they work, and how they impact stock prices. Quarterly earnings announcement are the most salient, most anticipated, regularly-recurring announcement that companies make. They are the most watched piece of information that comes directly from the people that know the business the best. They are also considered the most reliable source of information, largely because companies are subject to strict SEC Rule 10b-5 rules...
Profit from earnings announcements, by taking targeted, short-term option positions explicitly timed to exploit them! Based on rigorous research and huge data sets, this book identifies the specific earnings-announcement trades most likely to yield profits, and teaches how to make these trades—in plain English, with real examples! Trading on Corporate Earnings News is the first practical, hands-on guide to profiting from earnings announcements. Writing for investors and traders at all experience levels, the authors show how to take targeted, short-term option positions that are explicitly timed to exploit the information in companies’ quarterly earnings announcements. They first present powerful findings of cutting-edge studies that have examined market reactions to quarterly earnings announcements, regularities of earnings surprises, and option trading around corporate events. Drawing on enormous data sets, they identify the types of earnings-announcement trades most likely to yield profits, based on the predictable impacts of variables such as firm size, visibility, past performance, analyst coverage, forecast dispersion, volatility, and the impact of restructurings and acquisitions. Next, they provide real examples of individual stocks–and, in some cases, conduct large sample tests–to guide investors in taking advantage of these documented regularities. Finally, they discuss crucial nuances and pitfalls that can powerfully impact performance.
Simulation and Optimization of Furnaces and Kilns for Nonferrous Metallurgical Engineering" is based on advanced theories and research methods for fluid flow, mass and heat transfer, and fuel combustion. It introduces a hologram simulation and optimization methods for fluid field, temperature field, concentration field, and electro-magnetic field in various kinds of furnaces and kilns. Practical examples and a detailed introduction to methods for simulation and optimization of complex systems are included as well. These new methods have brought significant economic benefits to the industries involved. The book is intended for researchers and technical experts in metallurgical engineering, materials engineering, power and thermal energy engineering, chemical engineering, and mechanical engineering. Chi Mei, Jiemin Zhou, Xiaoqi Peng, Naijun Zhou and Ping Zhou are all professors at School of Energy Science and Engineering, Central South University, Changsha, Hunan Province, China.
For more than two thousand years, Confucius (551- 479 B.C.) has been a fundamental part of China's history. His influence as a moral thinker remains powerful to this day. Yet despite his fame and the perennial interest in his life and teachings, Confucius the man has been elusive, and no definitive biography has emerged. In this book, the scholar and writer Annping Chin negotiates centuries of reconstructions, guess-work, and numerous Chinese texts in order to establish an absorbing and original account of the thinker's life and legacy. [In this book] Chin brings the historical Confucius within reach so that he can lead us into his idea of the moral and explain his timeless teachings on family and politics, culture and learning. Confucius is the culmination of years of research, a book that makes an important and fascinating contribution to biography and Chinese history." -- Book cover.
This book presents the latest results on predictive control of networked systems, where communication constraints (e.g., network-induced delays and packet dropouts) and cyber attacks (e.g., deception attacks and denial-of-service attacks) are considered. For the former, it proposes several networked predictive control (NPC) methods based on input-output models and state-space models respectively. For the latter, it designs secure NPC schemes from the perspectives of information security and real-time control. Furthermore, it uses practical experiments to demonstrate the effectiveness and applicability of all the methods, bridging the gap between control theory and practical applications. The book is of interest to academic researchers, R&D engineers, and graduate students in control engineering, networked control systems and cyber-physical systems.
Presents applied theory and advanced simulation techniques for electric machines and drives This book combines the knowledge of experts from both academia and the software industry to present theories of multiphysics simulation by design for electrical machines, power electronics, and drives. The comprehensive design approach described within supports new applications required by technologies sustaining high drive efficiency. The highlighted framework considers the electric machine at the heart of the entire electric drive. The book also emphasizes the simulation by design concept—a concept that frames the entire highlighted design methodology, which is described and illustrated by various advanced simulation technologies. Multiphysics Simulation by Design for Electrical Machines, Power Electronics and Drives begins with the basics of electrical machine design and manufacturing tolerances. It also discusses fundamental aspects of the state of the art design process and includes examples from industrial practice. It explains FEM-based analysis techniques for electrical machine design—providing details on how it can be employed in ANSYS Maxwell software. In addition, the book covers advanced magnetic material modeling capabilities employed in numerical computation; thermal analysis; automated optimization for electric machines; and power electronics and drive systems. This valuable resource: Delivers the multi-physics know-how based on practical electric machine design methodologies Provides an extensive overview of electric machine design optimization and its integration with power electronics and drives Incorporates case studies from industrial practice and research and development projects Multiphysics Simulation by Design for Electrical Machines, Power Electronics and Drives is an incredibly helpful book for design engineers, application and system engineers, and technical professionals. It will also benefit graduate engineering students with a strong interest in electric machines and drives.
This book explains the exciting field of sonomyography (SMG), which makes it possible to use continuous signals detected by ultrasound images in real time to evaluate muscle functions. After an introduction, the book discusses the methods to extract and analyse different SMG signals, including muscle thickness, penetration angle, fascicle length, contraction activity, and muscle cross-sectional areas, etc. It then describes the mono-modal applications of sonomyography: posture recognition, prosthesis control, muscle training, muscle strength (fall risk assessment), fatigue assessment, and the assessment of dysfunctional muscles. The book also shows how to combine sonomyography with additional muscle assessment methods, in particular EMG, MMG, and motion sensors. Lastly, it provides an overview of the potential applications in sport science, rehabilitation, fitness, and elderly health.
This SpringerBrief presents research results on QoE management schemes for mobile services, including user services, and resource allocation. Along with a review of the research literature, it offers a data-driven architecture for personalized QoE management in wireless networks. The primary focus is on introducing efficient personalized character extraction mechanisms, e.g., context-aware Bayesian graph model, and cooperative QoE management mechanisms. Moreover, in order to demonstrate in the effectiveness of the QoE model, a QoE measurement platform is described and its collected data examined. The brief concludes with a discussion of future research directions. The example mechanisms and the data-driven architecture provide useful insights into the designs of QoE management, and motivate a new line of thinking for users' satisfaction in future wireless networks.
This book covers some of the most popular methods in design space sampling, ensembling surrogate models, multi-fidelity surrogate model construction, surrogate model selection and validation, surrogate-based robust design optimization, and surrogate-based evolutionary optimization. Surrogate or metamodels are now frequently used in complex engineering product design to replace expensive simulations or physical experiments. They are constructed from available input parameter values and the corresponding output performance or quantities of interest (QOIs) to provide predictions based on the fitted or interpolated mathematical relationships. The book highlights a range of methods for ensembling surrogate and multi-fidelity models, which offer a good balance between surrogate modeling accuracy and building cost. A number of real-world engineering design problems, such as three-dimensional aircraft design, are also provided to illustrate the ability of surrogates for supporting complex engineering design. Lastly, illustrative examples are included throughout to help explain the approaches in a more “hands-on” manner.
Integrating information from several areas of engineering geology, hydrogeology, geotechnical engineering, this book addresses the general field of groundwater from an engineering perspective. It covers geological engineering as well as hydrogeological and environmental geological problems caused by groundwater engineering. It includes 10 chapters, i.e., basic groundwater theory, parameter calculation in hydrogeology, prevention of geological problem caused by groundwater, construction dewatering, wellpoint dewatering methods, dewatering wells and drilling, groundwater dewatering in foundation-pit engineering, groundwater engineering in bedrock areas, numerical simulation in groundwater engineering, groundwater corrosion on concrete and steel. Based on up-to-date literature, it describes recent developments and presents several case studies with examples and problems. It is an essential reference source for industrial and academic researchers working in the groundwater field and can also serve as lecture-based course material providing fundamental information and practical tools for both senior undergraduate and postgraduate students in fields of geology engineering, hydrogeology, geotechnical engineering or to conduct related research.
This book, through detailed analysis of the writings of the Liang Crown Prince Xiao Tong and his circle, will deepen and redefine our view of the court cultrue and literature of the Liang, a crucial period in Chinese literary history.
Women, Gender and Sexuality in China: A Brief History serves as a focal textbook for undergraduate courses on women, gender, and sexuality in Chinese history. Thematically structured, it surveys important aspects of gender systems and gender practices throughout Chinese history, from the earliest period to the modern era. Topics include the concept of yin-yang, life course and gender roles, kinship systems and family structure, marriage practices, sexuality, women’s work and daily life, as well as gender in Chinese mythology, religions, medicine, art, and literature. In narrating how various traditions and practices were formed and evolved throughout Chinese history, this textbook draws heavily on personal stories and historical records. Features in this textbook include: Primary source sections for each chapter, introducing students to types of documents that have been used by scholars in conducting research Thirty-three translated texts of various genres, including epitaph, bronze inscription, medical text, imperial edict, legal case, family letter, ghost story, divorce paper, poetry, autobiography, etc. Dedicated biography sections for five distinguished women Offering richly layered accounts of women, gender, and sexuality, this textbook is essential reading for students of Chinese history, gender in world history, or the comparative history of gender.
This book, first published in 1990, is a thematic analysis of five tales of early vernacular Chinese literature. Interest in vernacular stories is increasing in the study of Chinese literature, as their importance is being recognised as a key part of the oral traditional narrative. From the analysis of the five Chinese tales in light of literary, historical, philological sources and folkloristic methodologies we may see to what extent tales of an intrinsically religious nature can offer meanings in the oral tradition.
This study examines the links between adjustment policies and growth in a small group of developing countries- Bangladesh, Chile, Ghana, India, Mexico, Morocco, Senegal, and Thailand - during 1970 -93. It provides an overview of the adjustment and growth experience, examines in depth several policy issues of particular interest, and distills the principal policy lessons for the design of adjustment policies.
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