He passed along SNPS, bullish, earnings after close today. Could be a very binary play - lose all your premium if it craps out or another double/triple/etc if the stock pops, but that's what options are for: limiting your downside risk. I'm in the 15 Sep 75 calls. If the stock does nothing the premium will deflate and you lose anyway.
He's also buying JD, I don't know what the immediate catalyst is, so it's probably a technical play - maybe off the support at 44. I'm in the 15 Sep 45 calls. Paid a bit too much this morning, thinking about picking up some 44s now, but keep a close eye on the support at 44 because it is right on the line and it either holds or it doesn't. You have to decide how much breathing room you give it.
JMO
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