btw, I won't cover short position going into earnings. This could turn out to become unshortable as it makes it's big move down, just as SHLD was when it was so tempting to short. Sometimes there's no entry for latecomers.
A few years back I had my best option play ever an OOM Put I bought at 5c/$5 each, tanked after earnings $25 and I sold for $650! I have been waiting for a similar opportunity in AZO and this looks like the best set up yet - when it falls, its going to fall big $20 to $35 in one session. I am thinking that Cash for Clunkers was so successful that it is going to take a bite out of parts sellers for used vehicles...plus the chart is in a gradual downtrend, so it will take a big beat plus very strong raise of guidance to get back into a strong uptrend to make new highs, etc. I just don't see this with all those clunkers being destroyed, that takes a bite into future parts sales for used vehicles...how much...I don't know...anyone on the board have an idea on how this could affect the parts market for used vehicles?