Timothy Collins has worked as a financial adviser since 1999, focusing on portfolio customization, with a concentration on correlation arbitrage and risk-managed growth. He started TangleTrade Management, LLC in 2009 and Retro Wall Street in 2013 (www.retrowallstreet.com).Expand

Collins lives in Cedar Park, Texas, with his wife and three children. A frequent contributor to CNBC's Mad Money with Jim Cramer, Collins is a graduate of McDaniel College (formerly Western Maryland College), with degrees in business administration, economics and sociology and is a winner of the Bates Prize (Top Graduating Male).Collapse

Here is a follow-up trade to yesterday's pre-earnings play, on this large gap down.
It's all about the open.
The strategy is to position butterflies expiring this week on both the bullish and bearish sides.
There hasn't been anything to like about IBM earnings since the beginning of 2013.
NFLX is going to be a popular pre- and post-earnings name tonight and tomorrow.
The current picture for Priceline is not one of good health.
Do your homework before any trade, especially those around earnings.
I'm drawn to this name because it offers clear levels and consistent reactions to earnings.
Look for solid companies showing life.
There are 2 possible bounces to this setup. Which way do you want to play?


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