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Itron, Inc. Message Board

  • nokianutter nokianutter Apr 15, 2011 2:29 PM Flag

    ITRI April 55 Naked Puts

    Are looking good. Originally sold at $2.10.

    I had a look at the May Options but the Premium doesn't seem strong enough considering there's the added risk of earnings.

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    • I think almost every earnings report is going to be met with "sell the news" selling. I wouldn't buy those puts you mentioned however. I think ITRI is pretty cheap. I think they will meet or beat expectations and it will drop....but maybe not all that much since it's already down there. I don't sense a big reward on buying those puts you mentioned. JMHO.

      I'm looking to buy if it reports a solid quarter and drops anyway. If it moves up, I'll probably just let it go. I still think $70 this year is a real possibility.

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