Yesterday, we added to the discussion of Oracle started by the gang on Options Action on Friday. Carter and Mike discussed an earnings play. Oracle reported earnings last night and from our perspective, we thought the company performed just fine. The investment community, at least the professional investors who push share prices around, did not. Trading events is always a tricky affair. One needs to get their analysis correct, get the trade structure right and then assume investors will respond is a predictable manner. When it works, the investors make fast money. When it does not, one has to either cut losses or look through the event and trade their way out of it.
