Opportunities tonight
Published on February 6, 2007
Opportunities tonight
There 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
[…] 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. […]