Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

TASR 60 calls from $5.00 to $17.90 today unreal! will likely hit 80 but lock in profits with a stop, you can assure always upside. Even for options you can and should put in a stop as the upside is huge. April 60 calls picked up the first day they traded and locked into outrageous gains without even holding TASR for 1 minute. Now a stop is suggested on the 60 calls is 15, or just taking profit, bought a bunch on first day but do have the 65 puts as well (they are pulling back but we needed a hedge) When you buy a straddle (first position in direction of the prevailing trend when we make the call) you hold it almost as long as option expiration, but for RIMM it was closer to April 7 report period however the news out of RIMM on 3/26 accelerated the upside as we expected it would.


Have no desire picking up semiconductors for yet another SHORT THE 10:00 high. easier just to wait to short the spike high. Only exception here is NSM which is nice for a one day $1.00 gain (almost as much as KLIC but KLIC is now virtually ignored and not worth much as a long or short, volume is 1/3 the average and has been this way for quite a while and is off our short the rally and buy the support list, its just too weak, KLAC is better as a SHORT)


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