Picking an earnings play to hold an option position is gambling. I chose PWAV as the lesser of three evils even though I think all of them are down in after hours. My holds are very cheap stocks and they are doing very well. FNSR, AVNX, ARMHY, JDSU, INFS.. sold today NTAP, QLGC and AETH. These are all beaten down. I have PFE and NTRS Traded some fat cats today, but would never hold them overnight (JNPR, MERQ, NVDA, IDPH, MUSE,) TQNT, ACTL, and MDCC were triggered but we couldn't get them all.