GRMN Straddle $2.25 now trading $4.10. For us its earnings that is the name of the game. The net profit in the straddle has to be profitable and it usually is quite profitable. The down side can be profitable for days in GRMN despite the up market. For GRMN we have only till tomorrow into the close but we expect even more downside although 45 was target (55 was target if it had gone up)We choose the stocks that will NOT STAGNATE and usually take profits in "anticipatory upswing" prior to the report. GRMN was flat no move which was fine it certainly moved today. Any intraday recovery is almost always shortable (i.e. MNST today)
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