AMAT bounce?

Looks like price bounced off the lower trend line. Earnings is coming up, but they've beat 4 out of 4. EPS keeps increasing each quarter.

I'm in if the price rises to $130.59. Good potential to raise the target. I'm probably being too conservative.

Weekly PUTS for Aug 20th are nice:

$120 bid of $0.61. -0.03 delta
$124 bid of $1.26

Earnings on the 19th.