Earnings reports to watch next week

$General Motors(GM.US) will report earnings on Tuesday before the U.S. market opens on October 22. Fundamentally, traditional automakers are facing inevitable sales declines in today's increasingly competitive market. Last quarter's earnings dropped from 49 to 46, and now it's back around 49. This quarter's results are not expected to be too optimistic either.

In the options market on Friday, IV was 89%, with a put/call ratio of 61:39.

Cautiously bearish, using a three-legged strategy:

long 49 put / long 50 call / short 52 call

If the prediction of a downside is correct, the potential loss is significant. If wrong, the upside can break even. Flat movement results in limited losses.

$AT & T(T.US) will report earnings on Wednesday before the U.S. market opens on October 23. As a traditional telecom giant, this quarter's profits are expected to exceed expectations.

Options IV is 88%, with a put/call ratio of 70:30.

Cautiously bullish, using a three-legged strategy:

long 22 call / long 22 put / short 20.5 put

Or a single-leg bet on 22 call.

$American Airlines(AAL.US) will report earnings on Thursday before the U.S. market opens on October 24. Airline stocks benefit from inflation and interest rate cuts, with improving financial conditions. Last week, I misjudged the direction of $United Airlines(UAL.US), but this time I'm bullish on American Airlines.

Options IV is 94%, with a put/call ratio of 84:16.

Single-leg bet on 13 call

Or a three-legged strategy:

long 13 call / long 13 put / short 12 put

Writing this was not easy. Not investment advice, for reference only.