Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

RMBS..Febr 25 calls on Friday (no puts suggested) RMBS trading close to 28, calls should do well. Thanks to the folks in the trading room that are always 'on the ball' in preparation of news that is 'about to happen' Options are a great way to get the upper hand on a potential news play. We wanted to take part in TASR, no options. IMCL crashed to 33 and only recovered to 44 that same day which was not much considering it opened at 44 didn't even make it to 45 until the next session


Fri Feb 13 14:41:58 2004: mgoldtex - Jenna any straddle ideas on RMBS and the FTC decision coming on tuesday?
Fri Feb 13 14:42:12 2004: marketge - I guess we must..
Fri Feb 13 14:42:18 2004: marketge - I was trying to avoid RMBS
Fri Feb 13 14:43:18 2004: mgoldtex - volume in the options is huge
Fri Feb 13 14:43:36 2004: marketge - February 25 calls look okay
Fri Feb 13 15:42:10 2004: marketge - so if you took the straddle or just the calls it was okay.. the puts are superfluous anyhow just yet.. not after all that downside.