Here is a great trading idea to get long a recent ipo that has sold off.
11/1 ipo and big rally....subsequently the stock sells off into earnings.
We have that exact same play happening again.
Get long and look for a $5.00 gap on earnings release.
I am long pbpb in my personal account.
Earnings are 2.18 14 after the close.
Assuming FB can do hit their number. It is at a support number.
If they miss, it's gonna be move down to 45.
Trade idea, ignore volatility, spend 2.50 to 3 dollars buying atm FB calls.
Earnings on 1/29/14 Eps est is .21
They gotta hit these earnings and have an upbeat outlook.
Look to enter into long july corn contracts in the 430 to 440 range.
Option volatility is very inexpensive.
I like buying 450calls outright or the 450,470,480, 500 call condor for 3.5
