The day following earnings was pretty much a non event. All 3 options are underwater. I think when I use options I should buy with at least 2 weeks until expiration.

IGT – Call 14 @ $36

It gapped up the next day on good earnings and then ended the day flat. Will see if it can continue the momentum upwards.

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MTG  – Strangle Call 2/Put 1.5 @ $11

Started well by gapping down on earnings and then promptly filled the entire gap. Oh well.

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FWLT – Call 24 @ @26

This one had a small pop and then ended the day down. Pretty much a non event. We’ll see what the next few days bring.

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