My partner and I were discussing purchasing the Oct 97 DIA calls based on a belief that Alcoa was going to have a positive earnings report. Obviously we didn't believe it as much as we thought we did else we would have bought at the money today. Oh well, AA reported well futures are up over 40 points and the calls will obviously gap up in the a.m.
So how do we play from here, I think the Oct 98 should be strong since JP and GS report next week and after all the fees and refinance and balance sheet magic should report well and well that will send the DOW even higher...
Happy trading...
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