I dipped my toe into the $100 May CALLS today. I can't believe that they will not blow out the already lowered expectations and that this will not move above $100 after earnings. At .62 a contract, the upside seems to be huge. Anyone else, besides me, thinks they are going to blow away their earnings estimates?
I have been following Bidu for about a year and never seen expectations for their earnings so beaten down. AAPL is in the same position, where analysts are expecting the worse. I took long positions in Bidu and AAPL through options, while shorting GOOG and AMZN. It will be interesting to see how this plays out going into earnings.