Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

MILK 'EM! COGN $.80 to $2.65 option call gain, our second earnings play into today (we had only two) excellent gap up for 12% gain on stock cumulatively) cost of the straddle $1.30 price now $2.75 so definitely worth it. It was also a very nice anticipatory downswing and upswing play this week (from 28.90)

COGN
COGN above 28.90 for some anticipatory upswing
COGN April 30 calls first obviously as it ran this morning and now the April 27.50 puts ($1.30 approx cost) of course locking in profits on the calls first and leaving about 25 to 50%. COGN could move big but I would not get a big position, here again its also easy to short this one or go long in the morning.