Well, isn't that convenient? Short it down in a news vacuum, build fear, cover and buy a long position. Then short it when it goes up, locking in a short term gain and going neutral. No risk while the short term gain matures into a lower taxed long term gain. Sit out the binary news while neutral. Cover when and if there is a sell the news event that is positive, going long after the coast is clear. Seems reasonable to me.