AAPL EARNINGS LOOKING UNPROMISING RIGHT NOW FOR PREMIUM SELLING
As of right now, AAPL is looking unpromising from a premium selling perspective around earnings, which are scheduled to be announced on 10/27 after market close.
With IVR and IV both at 34, the underlying is currently less than ideal for premium selling. Naturally, this may quickly change come Monday NY open and going into Tuesday immediately before earnings, when the media hype machine gears up its speculative engine to comment ad infinitum regarding what the earnings may contain.
For now, a pass (but keeping an eye) on this perennial earnings play favorite in the absence of a bump up in IVR to 70+ ... .
With IVR and IV both at 34, the underlying is currently less than ideal for premium selling. Naturally, this may quickly change come Monday NY open and going into Tuesday immediately before earnings, when the media hype machine gears up its speculative engine to comment ad infinitum regarding what the earnings may contain.
For now, a pass (but keeping an eye) on this perennial earnings play favorite in the absence of a bump up in IVR to 70+ ... .
