Tuesday, August 7, 2012

$PCLN for earnings

going to be another one im just watching for earnings. options are pricing in a 50point move.. calenders are a bit rich . Expedia had decent numbers. Priceline gets 60% of revenues from europe so says Fastmoney. who know was will happen, going to be about the guidance im sure.. a 50point selloff gets the stock right near the lower bollinder band. if that happens ill be pricing out some credit put spreads. obvious strike level to shoot against is the 600 area which goes back a few months. bid/asks have always been wide on priceline so always use limit orders. my paper trade model diagonal spread is currently holding the weekly 670short call fyi, see the paper trade model here -->PCLN paper trade model

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