Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

NTES our strong straddle for the past 2 weeks, time to lock in before the report (of course we're still holding a nice amount of puts, but called some 'call options' and a reversal area for some "anticipatory upswing" well before the move up intraday. They were dirt cheap. You have to hedge these plays, we don't go underwater in anything for more than a few cents, we lock in on the "bird in hand" strategy. A boat load of puts for NTES and SOHU (and short) were held into today's session.