EARNINGS:
There's a bunch, but here are the ones that interest me most for volatility contraction plays:
BYND (46/87/17.2%)*, announcing Tuesday after market close.
ROKU (40/84/16.6%), announcing Wednesday after market close.
SQ (40/74/13.4%), announcing Wednesday after market close.
ETSY (38/74/14.8%), announcing Wednesday after market close.
UBER (15/73/11.9%), announcing Thursday after market close.
Pictured here is a directionally neutral iron condor in BYND in the September cycle with the shorts camped out at the 21 delta strikes. A 3.26 credit as of Friday's close, it's paying nearly one-third the width of the wings. Naturally, you can go with the August monthly, but this is one that's known to be a mover, so I'd opt to go longer duration for more room to be wrong. For those who prefer naked: the September 18th 106/165 was paying 8.55 at the mid price as of Friday's close, with the August 21st 105/160 (18 delta) paying 5.45.
EXCHANGE-TRADED FUNDS WITH 30-DAY >35%, ORDERED BY RANK, AND SHOWING SEPTEMBER SHORT STRADDLE PRICE AS A PERCENTAGE OF STOCK PRICE:
SLV (46/58/15.0%)
XLE (26/40/11.5%)
GDXJ (22/57/16.0%)
GDX (22/46/13.0%)
EWZ (20/46/12.4%)
XOP (13/53/14.6%)
From a buck banging perspective, it's GDXJ (16.0%), followed by SLV (15.0%), and XOP (14.6%) for premium selling. I've already got GDXJ and SLV plays on, so may consider something in XOP if I'm desperate to add to my theta pile.
BROAD MARKET:
IWM (29/34/9.1%)
QQQ (22/27/7.5%
EFA (21/23/6.0%)
SPY (19/23/6.2%)
The volatility was nice ... while it lasted. I may switch over to IWM put selling in the IRA in lieu of SPY given that RUT is where the volatility is at relative to the others. The 16 delta strike nearest 45 days until expiry would be the September 18th 130, paying 2.05.
IRA DIVIDEND-GENERATORS:
XLU (23/20/5.6%) (3.19% yield)
IYR (22/28/7.2%) (3.27% yield)
EWA (22/30/8.4%) (3.72% yield)
EWZ (20/46/12.4%) (3.17% yield)
SPY (19/23/6.2%) (1.75% yield)
TLT (17/17/4.3%) (1.64% yield)
HYG (15/15/3.0%) (5.00% yield)
EMB (11/11/2.9%) (4.22% yield)
EWZ (12.4%), followed by EWA (8.4%), then IYR (7.2%). Getting kind of tired of laddering out EWZ, but you go where the volatility's at.
* -- For earnings, the August 21st at the money short straddle is used for determining the short straddle/stock price percentage; for everything else, I'm using September.
There's a bunch, but here are the ones that interest me most for volatility contraction plays:
BYND (46/87/17.2%)*, announcing Tuesday after market close.
ROKU (40/84/16.6%), announcing Wednesday after market close.
SQ (40/74/13.4%), announcing Wednesday after market close.
ETSY (38/74/14.8%), announcing Wednesday after market close.
UBER (15/73/11.9%), announcing Thursday after market close.
Pictured here is a directionally neutral iron condor in BYND in the September cycle with the shorts camped out at the 21 delta strikes. A 3.26 credit as of Friday's close, it's paying nearly one-third the width of the wings. Naturally, you can go with the August monthly, but this is one that's known to be a mover, so I'd opt to go longer duration for more room to be wrong. For those who prefer naked: the September 18th 106/165 was paying 8.55 at the mid price as of Friday's close, with the August 21st 105/160 (18 delta) paying 5.45.
EXCHANGE-TRADED FUNDS WITH 30-DAY >35%, ORDERED BY RANK, AND SHOWING SEPTEMBER SHORT STRADDLE PRICE AS A PERCENTAGE OF STOCK PRICE:
SLV (46/58/15.0%)
XLE (26/40/11.5%)
GDXJ (22/57/16.0%)
GDX (22/46/13.0%)
EWZ (20/46/12.4%)
XOP (13/53/14.6%)
From a buck banging perspective, it's GDXJ (16.0%), followed by SLV (15.0%), and XOP (14.6%) for premium selling. I've already got GDXJ and SLV plays on, so may consider something in XOP if I'm desperate to add to my theta pile.
BROAD MARKET:
IWM (29/34/9.1%)
QQQ (22/27/7.5%
EFA (21/23/6.0%)
SPY (19/23/6.2%)
The volatility was nice ... while it lasted. I may switch over to IWM put selling in the IRA in lieu of SPY given that RUT is where the volatility is at relative to the others. The 16 delta strike nearest 45 days until expiry would be the September 18th 130, paying 2.05.
IRA DIVIDEND-GENERATORS:
XLU (23/20/5.6%) (3.19% yield)
IYR (22/28/7.2%) (3.27% yield)
EWA (22/30/8.4%) (3.72% yield)
EWZ (20/46/12.4%) (3.17% yield)
SPY (19/23/6.2%) (1.75% yield)
TLT (17/17/4.3%) (1.64% yield)
HYG (15/15/3.0%) (5.00% yield)
EMB (11/11/2.9%) (4.22% yield)
EWZ (12.4%), followed by EWA (8.4%), then IYR (7.2%). Getting kind of tired of laddering out EWZ, but you go where the volatility's at.
* -- For earnings, the August 21st at the money short straddle is used for determining the short straddle/stock price percentage; for everything else, I'm using September.