Leaning Slightly Bearish on Trulia

I have to wonder how Trulia (TRLA) is going to come in today after Zillow's (Z) earnings. Granted, Zillow shares have made a nice recovery today, but they were down hard earlier.

Trulia (TRLA) -- Daily Source: StockCharts.com View Chart » View in New Window »

There has been plenty of call action in Trulia recently, but a good bit came as the stock had traded 10% lower than the current price. Also, there has been some volume coming in on the put side. The chart is certainly set up for volatility: The technical picture is looking toward the $40-to-$42 area, or below $28. Options are pricing a move more toward $31 or $41 right now -- basically in line. The after-hours trade may be the best, but I would lean slightly bearish into the numbers....193 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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