Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

EXPE and ROOM. I know that typically traders will look for a bounce to go long. The ROOM 60's and 55 puts would have been fine. I am now sure now, the April 60 and 65 call will have more volume than the April 50 puts or the April 55 puts which are still at too high a premium (April 50s are okay at $1.20 but remember its best to short at the beginning of the breakdown. Once its 'too obvious' the potential for gains lessens. I have been noticing in the last few sessions traders going long on top of rallies and shorting at support.