$Intel(INTC.US) Bros, risk warning! Intel's win rate on earnings day when going long is only about 30%. Every time it drops, the losses are huge. Today on earnings day, buy some puts to hedge, implement a collar strategy by buying puts and selling calls, to keep the losses within an acceptable range. The long-term bullish view remains unchanged, but don't gamble on earnings day. Last earnings day, my account got halved instantly, 220% profit dropped by 120% in one go. Luckily, the earlier profits were high enough to withstand it, but it still hurts.

In summary, don't gamble on earnings! Especially if you have calls.

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