Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

April 17..NVLS reporting earnings. April 27.50 puts @ $0.85, I don't feel the p/e on NVLS and XLNX are justified. Granted they will move with the market so you might consider the April 30 puts @ 2.00 which will cover potential upside. I have always 'hedged' with positions like these and so far 90% of them panned out (from 75%) A hewing out of some short positions intraday until then as well.