Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

Earnings Plays continue to soar: INSP, WFMI HUGE! NTAP 22.50 +135% calls still in play Target is 25. On a relatively quiet day, selling calls incrementally. WFMI surpassed out target of 75 today to hit a high of 76.81 but February 75 calls can't be held forever. Still holding some INSP which today's bounce was awesome (only 25% left) but what a bounce this morning. Sundry calls still being held until last minute. (Only one, JNPR, holding incrementally was not the greatest idea although the profit came in the first 75% the last 25% was not worth holding) EARNINGS PLAYS that gap and snap like CREE (sold earlier this month) AKAM, WFMI, NTES might be good for multiple days of upside. After a small gap down in the morning, by 10:15 WFMI never looked back moved from 71.50 to a high of 76.93, and that happens QUARTER AFTER QUARTER!




For NTES, picking up the February calls can only be held through Friday's close but that's not too bad! Always take profits when they are there, we locked in many days of short/put profit in both SOHU and NTES, leaving only enough over for a straddle. The calls soared adding to the huge gain in the Asian 'nets this month for the second season in a row!

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