Earnings Parade Rolls On
Quite a few plays after the bell are going to catch traders' attention. I am more focused on the charts and short-interest names, but, unfortunately, due to a crimp in time, I'm only taking positions in OpenTable (OPEN) and Riverbed Tech (RVBD). While I'm interested in LinkedIn (LNKD) and Coinstar (CSTR), I'll only be an observer.OpenTable (OPEN) Source: StockCharts.com View Chart » View in New Window »
For OPEN, I am simply following the very bearish nature of the chart and looking for downside; however, given the move lower in the last few days, I believe it could be limited to the $46-$48 area. Therefore, I am buying 1x March $50 put, 1x February $50 put, shorting 3x February $47.5 puts and going long 1x February $45 put for $2.25. A huge blowout to the downside really won't bring too much profit for me; then again, if OPEN is flat or even slightly higher, this one will hold some of its value. I am going for a lottery ticket here....265 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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