After smashing it outta the park on GMCR with a big strangle play this week (coupled with flameouts STEC, ROVI) we’ll look toward some new ideas for tonight. I’m favoring a call play on NVDA and strangle on MCP, but looking for a longer term call play here. However, we’re talking earnings here so let’s set up the plays. Both have weekly calls, we’ll play these. I’m favoring the weekly 13 calls here for 1.55 or better. As for MCP we have a chance to play this up/down for a big move like GMCR. This time we’ll play a straddle, the 40 call/put for about 3.3 or so should be available after the open. I’ll work up a few charts on these later in the day.
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