Replies to post #9839 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

DIA, Waiting to pick up the October 77 or 76 puts, waiting just to see how high DIA can go. Two days of upside in banking and financials was gratifying and the earnings plays. I'll probably hold GE, GM calls all up nicely and I only have them one day. I held SOME EBAY, FNM QLGC and KLAC puts and that "some" is turning out to be a negligible but still annoying loss when all the positions were at target and I left a FEW, so I'm not so inclined to "leave a few" on the long side. These put could miraculously come back when I least expect it so I'm not writing them off yet. These are my 'hedge' and not much exposure there.

[jenna]

EXPE.. ROOM

EXPE, the October 45 puts or November 45 puts (usually get the 45's for October and if they begin to do well, add the November puts closer to the report)

ROOM the October 50 puts are good until October expiration but if you want more downside you need to pay the slightly higher premium for the November 45's. The price of the ROOM November 50 puts (URDWJ) seems a bit pricey.