Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

GNTA special email sent out late Tuesday to pick up puts as well. On top of everything here (except the pennies) Puts doing very well! May 3rd is CRITICAL we already got the upside through 16.50 and will rebuy some calls at the lows.

Genta-GNTA seeing weakness in front of ODAC panel meeting on 5/3
The FDA's Oncologic Drugs Advisory Committee (ODAC) will review GNTA's key drug, Genasense for the treatment of advanced melanoma on 5/3 and the FDA briefing documents are due out tomorrow. A positive recommendation will reverse that downside in a flash there was 45,000 contracts traded of each when I picked up my puts.


April 27 sent out 8:30 p.m.


GNTA alert for May 3 -

<ALERT> GNTA May 17.50 calls soared GNTA the straddle is important here. I did straddle with May 12.50 puts just in case. Volume on the May 15 puts is 43,536 so you know here what the odds are for a big move.

GNTA holders I would hold SOMETHING next week! We have been buying this on rumors for the past month and like we've seen in others, it won't hurt to at least have some option calls It might fizzle completely but the straddle will get you big gains even if the drug bombs.

The "FDA anticipatory upswing" its been nice for us.