Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

LXK swing put play
Posted: Apr 14 2004, 01:14 PM
-LXK ALERT- anticipatory downswing -

LXK is bloated to say the least and could begin to fill the gap down here. Been waiting for this baby to break 95. May 95 puts if we want to hold through the April 19 report, and April 95 for just a 2 day move down (Wednesday, Thursday and Friday) for only $0.90. (worth picking up some May 95 CALLS by Friday into the close for the Monday report )so a good strategy would be buy the cheaper April puts for the "anticipatory downswing" and then some May call options near the close on Friday.