Facebook Pre-earnings

By norok
Wizard
Updated
I don't like the volatility spike but I do like the reward potential on a pre-earnings move back to the high. Going to take a short term Call Option to capture any volatility increase as earnings approaches as well as a run-up to retest the high prior to earnings in a few days.
Trade closed: target reached
Got a big move, don't want to hold through earnings, closing out with +140% RoR
EarningsFacebook (FB)Trend AnalysisVERITAS
norok
Wizard
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