Anbat
Long

CAH Earnings on 5/1/17

NYSE:CAH   CARDINAL HEALTH INC
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If you check all of Earnings on weekly...they are all positive (amazing). If you trade a weekly option with CAH , I would go bullish , per big GAP noted on this chart<look what happen left side with last big GAP, it got filled in by going opposite direction (or bullish PA soon). Per RSI it is now under 30, or very oversold. PA has been sitting at a major support level of around $72.00 for last 9 trading days.

This coming week, will be playing weekly call options, per earning reports and price action. Options have less risk and more leverage, if like everything you do- you understand how to protect yourself.
This option trade will be either a straddle or strangle with noted nine day PA in middle of both a call/put options . Ex: like a $73.00 call and $71.00 put. Would need to look on stocks option order list for weekly, strike price (either ATM, ITM or OTM) and see with fits your strategy. Good Luck
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