Yep we're in EASI planned it from Monday, didn't even have any further "short area - 'pink' just green. No puts just calls so far. We're in KLIC too on the other direction and ZRAN so we're very "up" and "down" on earnings plays! Potential gain to 55. Earnings Plays outperform the market and EASI is our earnings play (others are up too especially pharmaceuticals)
Fred, when did you enter EASI I'm curious because you were in it last quarter and as far as I could remember, yet we were waiting to pick up EASI (and ADSK) after the 3 days of strong downside so we did today. Are you holding through earnings? Our group and I have the March 50 calls (locked in $0.40 earlier) and plan to hold but not sure if a big or medium position. want to set another buy stop at 50 again but with market internals weakening, we might wait until later in the session. Do we dare hope for 55?
I have written an article at how "upside earnings preannouncements and upgrades" tend to boost the results of the earnings play (especially one with a rich history of gaps 'n snaps).