yes but we're talking about a catalyst/news resulting in price...

yes but we're talking about a catalyst/news resulting in price movement. I would bet IFL won't fluctuate much over the coming weeks. the big moves happen the day of the ann, maybe the day following but never to the same extent.

we are day traders and looking for intra day swings, or maybe an overnight play.

If you're convinced it's going lower take a short.