NaughtyPines

PREMIUM SELLNG: NEXT WEEK REMAINS A "WASTELAND"

AMEX:EWZ   ISHARES MSCI BRAZIL CAPPED ETF
Another week of wasteland for premium selling, with EWZ             again topping the volatility charts for non earnings plays, although I may go small with an IWM             setup in the May monthly (it's the most volatile amongst the index ETF's, which ain't saying much). I've got one more short-term RUT/IUX setup on that I will need to address, but other than that, it's going to be a light week trading wise from where I'm sitting right now.

Although you can naturally dip your toe into some of the more volatile individual underlyings pre earnings, my preference is to keep powder dry until the actual announcement is upon us before diving in, and there simply isn't anything on next week's earnings calendar that meets my standards for "options playability."

So, in the absence of some monumental sea change here, I'm going to be mostly hand sitting for the week on options plays, but may dabble with scalping /ES intraday and/or look for another opportunity to go long volatility in a VIX             derivative, assuming we get to around VIX             13-ish.
Probably the VXX will remain at the current levels. After the ERs are digested we can expect some movement.
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NaughtyPines unitedforextraders
7 months ago
I have an alert on for VXX at around 17.5, but am really looking to VIX to give me the signal to go long on either UVXY or VXX. A lot of financials reporting this week, which could move broader market one way or the other.
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