Guess Inc (GES)

[Cast Iron]

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