Earnings Events: Short-term FA and TA plays surrounding Earn Message Board

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

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From: Mylar	7/4/2008 1:13:41 PM
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CMG Earnings Play Proposal.... CMG announces earnings on 7/23/08 AMC. The stock is very volatile due to it's low float and high institutional ownership. With current market conditions I'm not sure which direction CMG is headed, but I predict a minimum of a $20 price swing on earnings news. With that said I am leaning towards a strangle position on the stock. I'm not sure what price CMG will be on 7/23/08 before market close, but if it stays around $80 then I am calling for Aug $70 Puts and Aug $90 Calls. Right now this is just a thought, feedback is appreciated.... Mylar

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