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into trlg 37 calls....that's it for me this week. There is NUAN and LNKD to watch too, but my research just doesn't give me enough confidence at those price levels.

I was stuck at $6800-$6900 for a while, didn't think I'd get over this hump soon. Thanks to AKAM, and now SWI QCOM and WFM all showing gains too......DIS was going so well, I'll see if it can muster a push back before expiration. Even dead RVBD came back to life....might as well grab $10 back...

All out AKAM at 3.4 net. Gains came to $750. Turning my attention to WFM, after hours clearly pointed to lower open, but here we go WFM hits new highs right off the open.

Here's an elaboration of my example. First of, my research and notes on AKAM says it averages about 15% pop/drops post earnings. I put AKAM at $34, and with my research showing better odds of going higher, a 15% pop from $34 puts me near $39. Next up, it's safe to say that IV is always high...

:D :D :D Hmmm, can't be wrong if its working. I'd be wrong if it wasn't working, but then that's not the case.

forget closing akam, I'm going to try to leg out of the trade, might even get a better exit. History shows AKAM should move an additional 3-4% from its opening gap. Should translate into a 1-1.50 point move above its opening price before stalling.

Put it simple this way, IV high = better risk ratio in debit spread. IV low = straight call/put. Can't get any simpler than that right atticus? Now, if the market can just open up so I can lock in the gains on AKAM, then I'm fine.

exactly what forex said, these are usually just debit spreads. I have started doing this when I see that the risk ratio is quite beneficial to me. Ex, the 34 calls were trading near $2 with AKAM at $34. Instead of a full $2 risk, I checked my notes and it showed AKAM had about a 14% run up or...

In fact, the best example is GOOG. Looking at GOOG shares today closing near $610, who'd ever thought GOOG missed EPS by $1? That right there tells you this market's rally is intact.

It may, but you sure have a lot of support levels to hit before there. There's $145, then 50-day at $143, then $140 and $135 before even touching $130. I just don't see PNRA as one of the weaker restaurant stocks when you have others like JACK. I see this more like a trade that MCD did a few...

I might have held such a position longer. The price action today was not enough to sell such a much lower volatility position. No way was CSCO going to just drop 10% so soon after just reversing from its earning doldrums just last August. I think we can give CSCO upside benefits for at least...

Yeah, this one's going to be a wild card. I wanted to see a better guidance on Fy12, 2.28-2.32 was not going to do it. Still, momentum is upward, and I have a little over a week to see it through. I can wait on this one. I'll put most of my attention on getting the most from my AKAM spread...

I talked about Visa last week, and I chickened out. Knew it, oh well...

We'll see out WFM plays out tomorrow, but the akam spread will make up anything I lose on WFM. At $39, my 4 spreads should give me $1600 back from a cost of 600, so about $1000 gain estimate.

well, I flipped WFM. You can put me down for this. Sold the 4 77.5 at 2.90 average, and bought 4 80 calls at 1.72. Got about 314 back and the new position cost 701, so I'm net cost at about -387 on WFM. I like the trade.

Yeah, bad play on my part.....I felt PNRA had the momentum on their side....just the way I saw CMG having momentum on its side. CMG is trading at higher multiple with growth expected to be just the same as PNRA. I figured if CMG could get away with so-so earnings, PNRA should be able to do the...

That's true, it may sell off, but I like the chart pattern. To me, it looks like a cup base from late oct to mid jan, then we get what looked like a breakout, but with tight volume, I'd call it a high handle. I like the odds that it breaks out of this high handle tomorrow (or tonight if after...

Interesting....I liked it at $2.05 with wfm around $76.90, but at $2.75, that's about $300 in gains already....hard to not sell it now for a profit, wouldn't you say. As for WFM's earnings, I think WFM should come with guidance for FY12 about $2.28, possibly 2.30-2.40. A beat like that and we...

For $100 bucks? why not play 1 21 call and 1 20 put for $79 plus commish. Saves you $10 for drinks afterwards :D

in play with wfm 77.5 calls at 2.05 4 contracts.