This one looks like it could break either way on earnings tonight, it’s highly compressed at the moment.
If I were to guess it would be long because the market just wants to go up. But I’m not taking any chances, I’m really just playing the volatility in any direction.
So I’m deciding whether to play it via a strangle (long call, long put) or even go the married put (long shares, long put) route.
I can’t seem to load charts.
Update: I ended up buying stock @ $46.51 and some Feb 46 Puts for protection. All this talk about them having things in the pipeline convinced me to stay in it longer than just for earnings. No action after hours so far, we’ll see tomorrow.
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