Crackling Action Every Which Way

Not only did we see some interesting earnings action after the bell Wednesday, but Thursday has brought a lot of bond- and commodity-related action to focus on -- as well as the earnings plays from Wednesday.

First, the good news was the bad news on Big Lots (BIG). For anyone long the September $37.50 puts from Wednesday, with or without any call spreads, this one worked out well. If you were more patient than I, then you did much better, as I covered the puts with long stock in the premarket. I wouldn't get greedy here. I would simply buy the stock or sell the puts and move on....409 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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