#Earnings #DoubleCalendar Sold to close $STZ Apr5/Apr12 180 dbl cals for .51 (avg price). Bought yesterday for .785

As I commented below, today’s action is an indication that earnings released in the AM may tend to have more intraday movement than those that report the night before. This is because the conference call will start or continue into the trading hours. For reports in the afternoon, all of the info has been absorbed over night and that could mean less movement.

So, waiting this morning was not such a good idea, because with the perfect opening we need to grab the profit before the ongoing conference call affects the price.