Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

AMAT (holding the Sept. puts, DELL surprise! holding the Sept calls) and ADI the puts. Now I'm prepared to pick up the 60 puts for September for SNPS (about $0.90 now) and the 70 calls for a rapid vamp up in the morning (waiting of course until Monday at least) until then you play these earnings plays simply as buys or shorts by 10:15 and shorting the spike highs. SNPS should be good for this movement until the night of the report. INTU lackluster today so I ignored it. Remember the actual strangle is ICING on the cake but the real gains come through the "intraday buys/shorts" off support/resistance"... A very rare stock like OTEX, IDCC even ARXX (small portions) small stocks like this with good outlooks tend to gap up.