Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

NOVL on our newsletter today for upside and we're getting some nice "anticipatory upswing" on an easy trade while short others. March 10 calls great for intraday trading, the March 12.50 cheaper for holding through the report. March 10 puts at a discount but waiting to pay even less than $0.45. When we picked up the AMAT puts the first day they went from $0.70 to $.10... Added more when AMAT began to pull back and the $0.10 went up to $0.80 giving us a triple bagger in one direction and good gains in the other (after moving from $.70 to $0.10 we figured it would be just like DELL, a gap 'n crap and it was one heck of a crap. In fact AMAT is now in 3 huge days of downside, already looking to take out next support of 20.50. Folks that picked up AMAT for just an hour trade did well, others that thought this was the precursor for a huge rally in the semiconductor sector got soaked in the 'pullback'.


We did mention in the trading room on Friday we thought NOVL could be as good as BEAS at least for some "anticipatory upswing" Even with NOVL we do not dare going into the report without some puts for a hedge.