Opportunities tonight
6Feb2007 Filed under: Earnings Author: OptionPunditThere are some wonderful earnings play that one can take advantege of. Worth mentioning are CELL, BOBJ, EXBD, WIRE, MFLX, TZOO, APOL, CI and ICE. Backspread could be a good idea for non-directional but one has to choose right strike and ratio. Personally I have chosen MFLX and CELL to play overnight.
Cheers and have fun profiting tonight, OptionPundit
EarningsOne Response to “Opportunities tonight”
Leave a reply
About this blog
OptionPundit© (OP) is designed for novice as well as serious option traders. It is a stock & option trading blogsite that is dedicated to the following objectives: read more ⇒
OPN Performance
This assumes a $10,000 starting and fully invested capital. The current phase started when OPNewsletter was re-opened in Jan'08 for Feb'08 expiration. OPN Month is counted as 3rd Friday of each month same as US Equity option expiration day. Comparison with S&P500 or Dow is not shown as it's unfair to expect from such large institution to deliver high returns. I would rather compare with my own target.
AP Biz News
- UAW to renegotiate labor terms, suspend jobs bank
- Stocks finish higher despite dismal economic data
- Fed: Economy darkens heading into holidays
- Chrysler exec: failure could spark depression
- Productivity growth better than expected in 3Q
- Online retailers see surge on 'Cyber Monday'
- Obama names Richardson to head Commerce
Stay Informed (RSS or Mobile)
Been There, Done That
MFLX, CELL both are looking good (before market) at OptionPundit
February 7th, 2007 at 7:47 am
[...] Yesterday, I wrote (click here) about MFLX and CELL that I played for earning using backspread strategy. Both are looking promising and I expect both of those to open significantly higher. Interesting thing is about MFLX specially which is around 1 yr low. The resistances are around $20 and $24. Depending upon how it opens, I might play a directional trade i.e. bull put strategy as well. [...]