When Will Quarter 2 Earnings for Pacific Ethanol (PEIX) come out?

What E*Trade estimates...is wrong.

PEIX Q2 Earnings Release

Day over day, E*Trade updates their estimated earnings release date. Initially they had it as July 21st, then that passed and they moved it to the next day, then the next. Each day now they're saying earnings are coming in after hours today. This is false.

This is also another good example of bad information influencing traders.

So when will Pacific Ethanol's Quarter 2 report be released?

Pacific Ethanol always puts out a press release a few days prior to earnings and will do the same this time as well. Expect the press release to come any day now and earnings to show up around August 7th. This date is an interesting one for many reasons.

The major reason this date is interesting is for the Options traders (you can type "traders" all with your left hand...). The nearest options chains expire/exercise August 16th. That only gives about six trading days for the stock to run up and for options traders to make a good profit. This is why options traders right now are watching this stock very closely. It's better for options traders if earnings come out earlier rather than later as they'll have a much better chance for the option to come into the money (where the stock price is higher than the option's strike price). I personally have options out on this stock for $20 and $21. Initially, I was hoping for an earlier release date to give time for those options to run up. Now, the options traders will need to be on their game. See my next post as to why you should be watching the options chains.

Nick