Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

MU c'mon down! strangle April 16 through earnings. We don't care which way it goes but let it move big!!! Bias to short side but no short was held. Actually we picked up $0.50 on MU already on the long side but yesterday, when companies that report are particularly volatile we like to play them the day before the report and if there is an earnings run, its usually the last one you'll get unless the market is up 75 or more. We opted for the 16's since we don't buy the entire strangle at the same time!