Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

PCLN exploding after hours! Here is a case where the hedge will have to carry the trade (we call at least 10 contracts in a hedge) but PCLN was up 3 sessions and kudos to that company we did lock in 75% of the trade which was ALL TO THE LONG SIDE) Now every point PCLN is up will be about a grand gain. We could have had nothing as PCLN was not called by any thread except "Winners Circle" in anticipation of the report, at least we'll have a nice gain. The good thing about options is that many folks probably sold off PCLN in a panic when it was 1.50 off the close, but we couldn't do anything but watch the denoument which was nice. We didn't really care which side would "win" as long as there was a significant move in one side and not a stagnation.