Wednesday, August 24, 2011 12:07:42 PM
This " could " be a very interesting play now. Based upon previous Q and the market reaction , we could be seeing a strong gap after earning earnings
The question is of course..Gap Up or Gap down ?
One way to play this is trade this using a " Strangle Option"
BUT.. the premium price paid on "both" the Call and the Put could eat up any gain
Or, take a position Trade. which is what i have done.
Based upon the trades in May before the earning result
Disclosure : I have bought Sept 16th CALL options.
Worst Case Scenario : Gap down on Friday after market opens.
Please Note : These are only my opinions.. You need to make your own decisions
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