June is a busy month for company events where executives try to sell investors and Wall Street analysts on the vision for the second half of the year and beyond. That creates opportunities for options traders, according to Goldman Sachs. John Marshall of Goldman’s derivatives research team said in a note to clients that buying call options ahead of corporate investor days and analyst days tends to be a winning strategy. “Our research shows that call buying around analyst days has been a systematically profitable option buying strategy over the past 25 years. Buying calls 5 days before the analyst day and selling 1 day after has resulted in +18% return on premium on average and was profitable each year except 2008 and 2022 when macro moves overwhelmed the short-term alpha of the strategy,” the note said. Call options are contracts that give the holder the right to buy a stock at a set date in the future at a set strike price. They effectively serve as a bet that the stock will rise above the strike price before expiration, allowing the option holder to buy the stock at a discount. If the stock fails to rise above the strike price, it expires worthless and the holder loses the premium paid for the contract. Goldman identified more than a dozen companies with investor days this month as potential call option candidates. One was John Deere , which has a Brazil investor day on Tuesday. The company will enter that event with momentum, as the machinery stock is already up more than 20% year to date. DE YTD mountain John Deere’s stock is outperforming the broader market year to date. Another company with a red-hot stock is GE Aerospace , which is up more than 50% year to date and has an investor day on June 17. This will be the firm’s first investor day since the corporate split from General Electric last year. The Goldman note identified GE Aerospace as one of the companies hosting an analyst day where there’s a liquid market for its options, meaning the options are easy to buy and sell without skewing the price. Humana , which has an investor conference on June 16, was also included in that group. The health insurance stock has fallen about 10% year to date. HUM YTD mountain Shares of Humana have retreated in 2025. Later in the month, Waste Management holds an investor day on June 24 at the New York Stock Exchange. The garbage collection stock is currently trading near all-time highs.
