After hours today, Equinix Inc (EQIX) is up around 10pts to ~160 after beating Q2 earning estimates. Going to look to enter credit put spreads at or under the 50-day sma depending on if there is any premium remaining with the IV crush. Would also prefer to stay below the ~142 support area, but that may not be possible.
Will look to see what happens tomorrow. If profit-taking sets in and the stock looks to close the gap and it finds support there, I may be able to enter at the strikes mentioned above.
Should the stock break convincingly past the previous highs of ~161, I'd feel comfortable raising the short strike up to the pre-ER low of 145. 150 would be pushing it for me.