Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

Holding NSM, MCHP, KLIC, KLAC short and added more puts in earnings plays as they got cheaper for a while. No position in XLNX just too volatile. SNPS timely exit as this didn't tank, just didn't break consolidation to upside. IBM nice 2 day gain (90 calls picked up yesterday)up 20% plus a gain in the stock (hard stop was 91.40 but out prior) Losers of course... 25% of the TOL calls and the SNDK calls eroded.

Will take profits in puts/shorts by 2:45 to 3:00 and focus on LONG our financials.. If they trigger and continue to retrace the earlier upside.