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Strategies & Market Trends : Earnings Events: Short-term FA and TA plays surrounding Earn

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From: jmiller09911/30/2007 1:36:52 PM
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GYMB Earnings Play

It was a dud, didn't know the entry went unposted....

Bought GYMB calls ahead of earnings for 4.3. Day of earnings could have booked for 5.3, but held through the earnings. Fwd guidance was bad and stock was off. It has been recovering, and I was lucky to have a lot of time built into them. Additionally, the holiday shopping season ahead (with black friday and whatnot), so I held them as opposed to getting out.

I just sold them for 4.4, which is about a wash.
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