Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

BBY suggested strategy: Was long BBY yesterday, didn't hold and didn't trade the stock today. Looks like a consummate "reversal times" trade for bounces either at the 10:00 or 10:30 reversal period. I picked up the September 50 puts for $1.05 and might hold close to earnings when I'll pick up the 50 calls (now priced at $1.15) so we might have the downside first and then the upside through the report. Reporting on September 16 and expiration of the puts on September 19, but I'm not looking for anything but a POP