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Daily Stock Market Equity and Options Trading Commentary

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Monday, July 27, 2009

Buffalo Wild Wings (BWLD) Strangle Option Play

Buffalo Wild Wings will report earnings after the bell, and historically the swings are very violent. Today I opened a strangle option strategy for the 35P/40C. By looking at the chart it looks like least resistance is to the downside, but I am not underestimating the 30% short interest on this stock. I am hoping for a hit or miss on earnings, so this play hopefully pays off. Sphere: Related Content

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