Did it again with NTAP, NTES, and DITC! We don't just keep shorting and shorting, but look for the 'telltale' anticipatory upswing, which since we pick up the short/puts days in advance, we are prepared for the 'earnings run'. By 11:00 NTES had hit our target and a mini double bottom was set although it wasn't called long until the break above 40.50, the calls were already being picked up and the puts and shorted covered at the 40 target ON THE DOT. Earnings plays is a lot more than just buy the calls or buy the puts or "when it hits "XYZ" timber! 40 was target for NTES and 50 was the "bottom" for us for SNDK. Although we still have some puts in NTES, the calls will weigh outshine those. Pretty much the same with the straddle in NTAP (which soared according to our charts which prepared for that move)
The depressed earnings plays are the best especially if you start them well in advance of the report, so you have some profits to lock into. You can't keep shorting and shorting like a parrot, there is always going to be a bottom and traders should be aware of support/resistance in intraday as well as daily chart patterns. Although we did expect NTES to move down we already got our target will in advance of the report so it wasn't hard going in the other direction (same with NTAP, the easiest was DITC)
Market Data 
Markets 
AI
