ADI picked up the calls again (expected a move potentially back to 50) but we covered shorts in ADI. We called a MEDIUM to SMALL straddle in ADI through the report. The 50 calls were attractive because they moved down so much after profit taking this morning and yesterday.The puts were sold for a profit but we did call holding 25 to 50% of the puts so basically its a win/win situation and although we did expect a pullback in both ADI and NVDA ultimately tomorrow by 10:00 a.m., the calls were too attractive to pass up after the pullback today. CYCLE III begins tomorrow as we trade the stock again in the direction of the reaction to the report.
Market Data 
Markets 
AI
