Cup & Handle formation similar to last quarter

14 Eki 2015

Earnings is always a coin flip. But if there is a measured move like last quarter, price could flirt with all-time highs again. Short float right now (<10%) is NOT is large as the last two quarters when it was pushing 30%. So a move higher may not be as dramatic the next day after earnings. Expected move with earnings this week is +/-$15

Bought broken wing butterfly OCT 120/125/128 Call strikes, risking debit paid.