YELP lotto thoughts - followup

Yelp reported earnings after the close and it surged so I thought 'oh oh' I called it wrong before the open. But then it fizzled back to red. Maybe it'll be redder by tomorrow.

>>>> Original notes from earlier today BEFORE the earnings release:

YELP technically earnings aside i can argue both sides of the coin. can be inverse H&S with 100 possible. or i can say that range bound in descending trend w/45 in site. SO flip a coin. OI suggest that downward is the easier path this week

Flip a coin and buy put spread if bearish and call spread if bullish. Theoretically the move should be $8 on earnings. I am inclined to take the bearish side especially that we have a +9% move already. BUT THIS IS SMALL COST FOR FUN ONLY. NOT AN INVESTMENT. I have not and may not end up taking it.

Posted to Create Income with Options … on Jul 30, 2014 — 5:07 PM

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