Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

We have chosen our next BIG put play. A hint it starts with "K" and it ain't KMRT<g> <g> We are repeating the july earnings reports with everything the same except YHOO and QLGC (which we had the calls after selling the put part of the straddle in "anticipatory downswing') Our strategy was tweaked a bit, we buy first which side (long or short) has the anticipation, we milk that side and pick up the second position (i.e. puts) the night before the report. That way instructions were given to GO LONG AMZN for an earnings run yesterday but we sure as heck wouldn't be SENILE to hold AMZN calls or EBAY overnight after those runs they had earlier this month. Instead we HELD puts or short and were able to sell at nice fat profits this morning.


We even called a sell in AMGN and profit taking yesterday (didn't pick up a put position we just suggested going flat)