FAST earnings run into close. CA lovely, rallies still shortable..YHOO rally helped along our longs still called shorts at spike highs but we are earnings driven and still in 2-trend days so we don't lose gains. Can't just hold and hope for the best.
XBAWL moved from $2.60 entry to a high of $4.20 (out of 50%). the 60 puts november EBAY. The $3.30 calls are now $2.80 (eBAY 60 calls) and adding shorts at every opportunity at a ratio of 2-1 on the puts side. You can still play the 2-trend day for EBAY but through the report, I'd be considering those puts even more.
QLGC..breaks resistance $1.65 not a lot to pay for a foot in both puts/calls. a repeat of the 10/07 run leading into the 55 calls for November as well as an earlier position in the 50 puts (and a sold position already in the 47.50 puts for October)... run with QLGC, don't fight the trend. QLGC takes out our 51 and then 51.50 resistance area