SPDR S&P 500 (SPY)

[Fox13]

denmo, good point. I am trying to construct a "rich strangle" on the Qs before the announcement, i.e. to buy slowly, el chipo, both calls and puts, so that at the time T should have a slightly positive balance. When the oracle is revealed, I will discard the putative loosing leg during the counter-move of the confusion. I might be able to decide that fast, based on key associations of terms, like: growth + concern, subprime + contained, or subprime + diffusion...or teir equiuvalent in Pricetonian lingo. I have a bullish bias, mainly reflecting the exquisite double-bottom in you charts.
If interested, I will let you know if it "verks", as Scamman would say...
fox