Replies to post #21109 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

MDT 50 puts from 2.25 closed at 3.00 not bad for a side trade while waiting for the likes of ERES, TOL and AKAM to do their thing. Decided to close the position as a strong company like MDT is not likely to continue down before buyers step in. At this point we might either look for "dead cat bounce" or wait to short another rally. MDT is no JCOM even with the downgraded guidance.