2011 Earning plays general

10/26. V

• Unusal opt: 1) on 12/21 Sold 1200 contract of Jan 13 72.5 put
• 1 BTO DEC 90 put, 1 STO OCT wkly 85 put, 1 BTO Nov 92.5 call, 1 STO OCT 92.5 call for net 5.5. Net delta - 24 into earning.
• It looks like the stock ususally dont make big in the past. Earning should be good with 25% growth but the stock is trading in a uptrend channel. As a result, use Dec 90 put to buy more time. Will out the calander 92.5 put on the rip and will close the whole thing or roll the 85 oct put to Nov to reduce cost. Objective is to own the Dec 90 put for free while playing some upside call after earning.
• filled the combo for 5.34

PS note:

• On 10/30, Closed the 92.5 Call calander for 1.55 credit. The total cost of the Dec put now = 3.79
• Stock is breaking aober 95 on 1 hour charge. If monday breaks above 95, can buy 92.5 for 6 and use 94 as stop. Alternatively, can do a diagonal 97.5/ 100 (dec/ Nov)