Options trading around mega cap earnings is never a clean sweep, and this Signal vs. Noise episode runs the full accountability check. Unusual options activity flagged before Meta, Microsoft, Google, Amazon, and Apple earnings gets scored against what actually happened.
Google was the cleanest win, bullish flow, low implied volatility, 10% move higher. Meta was the clearest miss, $8.4 million in calls at 690 while the stock dropped 10% on a capex warning. Microsoft nearly worked but bounced before the puts paid. The lesson: beating earnings isn't enough. Positioning, implied move, and narrative all matter.
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CHAPTERS:
00:00 Running It Back: Earnings Week Accountability
00:33 Microsoft: Right Idea, Wrong Execution
02:33 Meta: Options Market Got It Wr...