THE CHANGE OF TREND INTRADAY: The beauty is that when earnings come out you are going to get volatility and ALWAYS a gap that you can work with. You can basically trade these intraday reversals off earnings plays and make your living trading using absolutely no other strategy ever! But we like a little more spice in our trading. We do a lot of homework in advance for the best potential GAPPERS and if you add the STRADDLES before the report you get to enjoy THE GAP ITSELF the next session. In some cases we hold the actual stock short (i.e. KLAC)