MERQ..upside to 35 would be a miracle (35 puts thought of these but opted for the lower strike price) I think MERQ has one of two chances and why I like the 30 puts especially after today's rise of nearly 5%. I'll play the trend ("anticipatory upswing"), of course, but with an emphasis on the downside on the 17th and perhaps going forward.
1) to move down to retest 30 if the earnings are as expected and come in about even (even 25) gap up 'n crap. (the upgrade price is built in)
2) to move down to retest 30 or cut about 25% if the earnings are not even as good as expected. (gap down 'n crap) Either way MERQ looks like a 'win-win' situation for downside by the 16th after the close. The common denominator is "crap". You can't compare "C" to MERQ.
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