Watch and learn
Go call. Up on bad earnings... Bad news already priced in the stock.
i have a beautiful 14-15-16 call butterfly put on for only 18 cents...so $15 would be absolutely perfect
It may just do that. I think JCP near its 52 week lows and the extreme negative sentiment, along with 99% of traders thinking JCP will tank...makes me think that MOST people are going to be wrong about JCP's reaction after earnings.
Earnings will svck for sure.