I am thinking of trying an experiment and placing an out of the money put and call the day before earnings. Should be at least a five dollar move either way (I am hoping for $10), and the loss of one should be absorbed by the profit of the other.
If I am confident about the $93 target and it was about $85 or so the week before, I might place an at-the money (thank you, Blss, I am minding my p'(uts)s and q (alls)s terminology!!!) April call, and out of the money May put, which makes more sense vis-a-vis the current cycle analysis and the upcoming 40 week low.
I have to think about it and see what happens in the next three weeks.
I am wondering that with all these telecom mergers, wouldn't it be more competition/fewer bids for software companies like RIMM?