CTSH

Another beer money bet, I think earnings would have to be ridiculously good for this to break out. I don;t see it happening.

Just a couple of contracts for kicks and giggles.

Comment:

Looks like it's headed back up. Probably best to wait until end of day to buy puts.

I think I'll double up then.

Comment:

I thought earnings was premarket, lol. They did indeed beat, but not enough to break the resistance. As of right now, it's a $4 drop which is 100% return on puts. Could be more if the market gaps down tomorrow, but I'm probably flipping the puts on open.

That's 4 out of 5 earnings plays this week, not bad...

Lots of beer money for me this weekend.

Trade closed: target reached:

Nice win, $75 target reached. Wish I had gone all in, oh well.

Comment:

Drew that arrow almost perfectly, lol.