There are a ton of coming out next week, with the most options liquid plays to be had in AMD (44/71), TWTR (77/80), and FB (59/50).
Pictured here is a delta neutral short strangle in AMD in the June cycle (54 days). Camped out around the 20 delta strikes, it paid 3.12 as of Friday close (5.6% as a function of share price) with break evens at 42.88/73.12. Go defined risk with a five-wide iron condor in the same cycle -- the 42/47/70/75, and you'll get paid 1.48, 29.6% return on capital at max, 14.8% at 50%.
A TWTR June 19th 24/36 short strangle paid 1.83 (6.4% as a function of share price) as of the Friday close; the FB June 19th 165/220, 7.07 (3.7% as a function of share price). Consequently, if you're looking for "buck bang" as a function of share price, your best best is going with the TWTR play, with its higher 30-day.
EXCHANGE-TRADED FUNDS WITH 30-DAY >35% ORDERED BY RANK:
XLU (60/ 40 )
USO is going to be undergoing a 1:8 reverse split after the close of markets on April 28th, so you may want to steer clear of entering an options play before then and/or close out any options plays you've got on here to avoid being stuck with nonstandards post-split. As if it wasn't apparent, the juice is in precious metals/miners ( SLV , GDX / GDXJ ) and oil-related exchange-traded funds ( XOP , XLE , USO), with some secondary squeezings to be had out of Mexico ( EWW ), Brazil ( EWZ ), and semicons ( SMH ).
With respect to EWW and EWZ , I considered each for a potential IRA trade, since both pay dividends, although they're only twice a year and somewhat "uneven." ( EWW yield shows as 4.93%; EWZ as 5.44%). The EWW June 19th 22 was paying .78 as of Friday close (3.7% return on capital at max), the EWZ June 19th 18, .96 (5.6% return on capital at max), so may consider doing one or the other as a potential aquisitional play.
BROAD MARKET EXCHANGE-TRADED FUNDS WITH 30-DAY >35% ORDERED BY RANK:
WITH 30-DAY >35% ORDERED BY RANK:
/ NG (98/95)
/ ZC (43/36)
/ CL (33/948)
VIX / VIX DERIVATIVES:
VIX finished the week at 35.93, well in "high volatility" territory. However, the May and June contracts (36.95 and 35.70, respectively), finished in contango (it's been a while), with the rest of the term structure in backwardation.