Cast Iron Wednesday, 08/24/11 12:19:20 PM Re: None Post # of 22 Here is a "possible " interesting trade GES is reporting its earnings after market closes today Based upon the last Q earnings in May, and the market reaction, there was a Large Gap UP ( nearly $6) If you buy today teh Sept 16th CALL Option at 33 Strike Price, there "could" be tomorrow a very large gap up again Or you could hedge, and take a Straddle position. My opinion is that looking at the last trades in May before the earning results, the " probability" of a Gap UP tomorrow is better than 50% Disclosure : I have purchased today CALL options Please Note : These are my opinions, and you need to make your own DD and decisions GLTY All