It looks like the pros went in heavy on the March calls. "Looks like they're expecting good come earnings."Unquote. Just an FYI.
Gotta like those good come earnings
Think your wrong this time...
Is it possible that a fund with a large short position has purchased calls to hedge their short position ahead of earnings. Holding the short position, even with calls to hedge it, is more bearish than covering the short position ahead of earnings.
i think you are right on - look at last earnings it actually fell when it reported above expectaions