SINA from $2.40 to $3.40 how good is this <g> opens at 46 making the 45's calls profitable, and it becomes as we suggested in our e-mail a GAP 'N CRAP. What's wrong with this picture? Well we needed to short near the open because the puts were down $0.80 but the short worth $1.30. We might bounce off the rising 20 ma but at this point who really cares? This was our sixth foray into the Asians for earnings and each and every one was profitable, making SINA/SOHU and NTES the biggest gainers for EARNINGS season so far.