Post-Earnings EQIX Trade Idea: Credit Put Spreads

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.