Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

PCLN there was a dash of traders making a panic exit after the report, so I'm not sure who actually enjoyed the gain except those that happened to be holding straddles. The stock is awesome and filled the "gap 'n snap" criteria as well for a breakout above consolidation. Our rationale worked with MNST and LF, where the bias was to the put side. That's why we need both sides of the straddle even if they are imbalanced to put/call size. Usually we lock in profits on the long side anyhow.