Replies to post #19768 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

Holding NSM, MCHP, KLIC, KLAC short and added more puts in earnings plays as they got cheaper for a while. No position in XLNX just too volatile. SNPS timely exit as this didn't tank, just didn't break consolidation to upside. IBM nice 2 day gain (90 calls picked up yesterday)up 20% plus a gain in the stock (hard stop was 91.40 but out prior) Losers of course... 25% of the TOL calls and the SNDK calls eroded.

Will take profits in puts/shorts by 2:45 to 3:00 and focus on LONG our financials.. If they trigger and continue to retrace the earlier upside.

[jenna]

Double bagger KLAC 55 puts just one session! not including a 2.20 gain in the first short of the session 55.78 through 53.35 (still didn't cover) NSM 45 puts picked up day before the report (after selling the NSM 45 calls) holding through expiration was my goal.. but way too much upside here to leave it still holding 25% puts <g>