
Earnings: 20 Jan 2010 AMC (After Market Close)
Set up: Two gaps below- 14.7 and 19.70. Lower parallel trendline currently at 20. Bearish rising wedge pattern.
Targets: 22, 21 and 20
Strategy: Feb 23/22 put spread
RISK: upside target is 25.50. The upper parallel trendline is currently at 25.50