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Apparently, I’m in a gambling mood as I prepare to head to Vegas later today for the WPT Wynn Poker World Championship. In addition to the DocuSign (DOCU) calls I wrote about last night I’m looking to speculate on Campbell Soup (CPB) earnings as well. I’ve owned CPB for nine months with an average price of $42.25 so it’s been straight up since I bought shares. I see no reason for the trend to end now. CPB has a weak comp as Organic Sales were -4% a year ago as the economy was coming out of the pandemic in a very different economic environment from the current one.

CPB is a slower-moving stock than DOCU so we can’t be as aggressive in our strike price. In addition to the shares I own I’m looking to turbocharge my position in CPB heading into earnings Wednesday morning by buying calls. I bought CPB $54 Dec09 Calls for 68 cents. We need about a 3% move from CPB for these calls to be in the money but I don’t see why another good quarter wouldn’t get many investors' attention from one of only a few stocks currently at 52-week highs.

#earnings for the week https://t.co/lObOE0uRjZ $COST $AZO $LULU $DOCU $GME $VERU $MDB $SAIC $DLHC $AVGO $CHWY $S $SIG $GTLB $LI $PLAY $ASO $RH $SWBI $HEPS $CASY $LOVE $BASE $ICCM $CPB $EXPR $CONN $CIEN $OLLI $AI $SUMO $RGCO $DOMO $HGY $UNFI $SFIX $GWRE $JILL $VRA $MANU $GEF pic.twitter.com/6s9OLcwpgt

— Earnings Whispers (@eWhispers) December 3, 2022

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