---
title: "Pre Earnings: 14-day Diagonal"
slug: "strategies-and-features-pre-earnings-14-day-diagonal"
description: "Discover the \"Pre-Earnings: 14-day Diagonal\" strategy, a custom trading approach designed to leverage market conditions leading up to earnings announcements. Understand the open and close conditions, earnings handling, and specific options selections for effective pre-earnings trading."
tags: ["Pre-Earnings 14-day Diagonal", "pre-earnings trading", "Simple Moving Average", "Moving Averages", "Delta", "Call Options", "Market Analysis Techniques", "TradeMachine Features", "Earnings Trading"]
updated: 2024-10-25T20:08:58Z
published: 2024-10-25T20:08:58Z
canonical: "learn.trademachine.com/strategies-and-features-pre-earnings-14-day-diagonal"
---

> ## Documentation Index
> Fetch the complete documentation index at: https://learn.trademachine.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Pre Earnings: 14-day Diagonal

This is a discussion of the "Pre-Earnings: 14-day Diagonal" strategy from the Today tab.

### Overview

- Long call diagonal
- 2 legs

### Pre-Earnings: 14-day Diagonal Strategy Settings

- Pre-Earnings: 14-day Diagonal Strategy utilizes a custom strategy which is labeled "qa_TM_Diagonal_Special" under the custom strategy dropdown menu.

#### Pre-Earnings: 14-day Diagonal Open Conditions:

- Stock is above the 50 day SMA

![image.png](https://cdn.document360.io/b73389a5-b202-4bf4-8df2-8c69e8edbb3b/Images/Documentation/image%2899%29.png)

#### Details on Options TradeMachine is Selecting for Pre-Earnings: 14-day Diagonal Strategy:

- 1x **long 50 delta** call near **14 days to expiration**
- 1x **short 30 delta** call near **7 days to expiration**

![image.png](https://cdn.document360.io/b73389a5-b202-4bf4-8df2-8c69e8edbb3b/Images/Documentation/image%28100%29.png)

#### Earnings Handling for Pre-Earnings: 14-day Diagonal Strategy:

- [Custom Earnings](/v1/docs/earnings-and-trademachine)
  - Open position 14 days before earnings
  - Close position 1 day before earnings

![image.png](https://cdn.document360.io/b73389a5-b202-4bf4-8df2-8c69e8edbb3b/Images/Documentation/image%28101%29.png)

#### Pre-Earnings: 14-day Diagonal Close Conditions:

- Options reach expiration (Close all legs with front month options)
  - Note: This closing rule usually occurs before the closing rule for custom earnings.

![image.png](https://cdn.document360.io/b73389a5-b202-4bf4-8df2-8c69e8edbb3b/Images/Documentation/image%2868%29.png)

#### Open next trade for Pre-Earnings: 14-day Diagonal Strategy:

- [At Normal Time](/v1/docs/what-does-the-and-open-next-trade-at-normal-time-and-re-open-immediately-mean)

![image.png](https://cdn.document360.io/b73389a5-b202-4bf4-8df2-8c69e8edbb3b/Images/Documentation/image%2871%29.png)

[Video Transcript](https://learn.trademachine.com/docs/pre-earnings-14-day-diagonal-transcript)

## Related

- [Getting Started with the Today Tab](/getting-started-today-tab.md)
- [Earnings and TradeMachine®](/earnings-and-trademachine.md)