Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[DCschmoeka]

So far traded the RMBS ramp up which did very well, only held a tiny position overnight which is basically cost free. TSS ran some into the report, locked in some on the calls 1.20 from .72, this might or might not move big intraday on wednesday for the remaining position. Got lucky to pick up the CAI 60 straddle at .95 both sides when the stock consolidated around that level, could run today into the report, and I will lock in profits as always. Picked up a nice 20 straddle in AFCO around .45 and .35 for calls and puts, respectively.

Picked up very small what-if positions in the following plays, and I dont mind losing those

CHIC 10 straddle around .40 both
HDWR 30 straddle around .55 both
HTCH 35 straddle around .60 both
CKFR 40-35 OTM for .10 and .15 tiny gamble
BGG 40-38.5 OTM around .15 and .20 tiny gamble

Might consider some small IIVI 40 straddle, and will pass on the remaining plays I posted. All of these are xtremly high risk, and I dont exspect much from them. Combos with the same strikes for both calls and puts are slightly less risky, as one side WILL be in the money on Friday, question is, by how much....
If only one goes big I will make money, net. Always lock some in when there is wild swing shortly before the report. Keep in mind this is not a good lineup this week, play small positions for fun is allright, but dont bet the farm ... will have better plays as we go into february.