Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

MXIM not giving up too much after hours but we will be planning a sell of a rally at a proper entry for a gap. We might not get any gap in MXIM just a steady drain of upside although I do think in premarket we'll get a good indication of any upgrades/downgrades. The least possibility is a gap 'n snap but you never know in advance, we got a nice rally in our MXIM today and if the stock by some miracle opens up 1 or 2 tomorrow, it will be shorted like SINA/NTES was. (glad we decided to hold the 40 puts as well in SINA) SINA target now 38

We are holding the 45 puts for MXIM after deciding to dump the entire "call" side of the STRANGLE after a 75% gain. Intraday we have the option of buying the calls and going long in the direction of the breakout or break down. I usually do both (the call and the stock) The entire straddle/strangle is not purchased at the same time. ITs timed for getting the best price for each position and letting the leading direction dictate.

Shares of Maxim Integrated (MXIM 47.24 -0.01) have also lost steam after the semiconductor company's in line 1Q04 (Sept) report. EPS increased 14% to $0.25 on revenues that rose 5% to $310.2 mln.


http://www.investorshub.com/boards/read_msg.asp?message_id=1650420&txt2find=sina+

...but we're holding the 40 puts as insurance and did short that rally in both SINA and NTES

NTES,SINA making a lot of money here for folks on the option play and going into tomorrow.

posted after hours after the MVSN, AMKR and SINA Straddle.

... SINA looks good now finally so the 45 calls will do well (how much the 40 puts will balance into the move remains to be seen) yet again.