Options: Weak Tech Earnings + Put Options = Big Gains
Let’s face it – the ‘so-called’ second half economic recovery will not develop.
With technology earnings in the toilet – economic expansion is simply not likely.
That’s OK though – the insight and analysis I do here at Aspen Trading cuts through the hype and routinely finds trades that reflect reality.
Tuesday’s purchase of put options in QCOM ahead of earning was a case in point.
Sure they ‘beat the number’ game but the underlying guts of the report were lousy.
Result? Our put options rallied 90% for a quick gain that was closed out entirely by Friday.
Meantime our Oct INTC puts continue to move higher as investors are beginning to realize how deep the problems are at INTC.
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