I feel it might be a good idea to hold onto the short positions.
The results season has only started. The most reliable player in the team has gone out for a duck. It is proof that the economy has been really hard. I shudder to imagine how bad the results of lesser efficient companies. It makes sense to hold onto the shorts a little longer.
Is there any way to benefit from these "known bad results"?
Long straddle? Long strangle??
Any strategy that does not involve selling options (preferably neutral strategy).
Looking to discuss things like how long before results to buy, what strikes, what proportion (1 CE+2 PE's or 2 CE's+1 PE) etc.
Is there any active thread that discusses results/events trading?