Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

Lovely short month. Its almost the last day of May. At this point I'd still be in the MWD/GS puts as these look to be heading lower by June expiration. However the target of holding June puts from earnings to end of the month (basically nearly a full month) has been reached. We should have another short coming up around the bend but we have reached targets in our short/put positions and with MRVL topping off the plays, we should be happy for now to take profits.

Any long plays should be relegated to EARNINGS PLAYS that have proven themselves and not BLIMPY technology. These are good intraday scalps for one or two reversal periods but its probably too soon to hold.