Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

MERQ is in a very precarious position because of its increasing p/e level, already nice gains and the report on October 17. MERQ October 20 puts are nicely priced now but if you wait a little longer you might get them even cheaper. The reason I liked ELON was that it looked so forelorn and was at support, but MERQ is overbought volume is decreasing. On a purely technical standpoint, the MACD is looking strong but there are other factors to consider.