EARNINGS:
Nothing is currently popping out on my screener that is highly liquid from an options standpoint and/or has ideal rank/implied metrics of >70% rank/>50% implied.
EXCHANGE-TRADED FUNDS
Pictured here is what is becoming a broken record trade in GDXJ (63/37) -- a 35/43 short strangle in the November cycle paying 1.12 at the mid price (.66 at 50 max). As you can see, the premium's where it's been -- precious metals and oil.
SLV (68/27)
GLD (64/14)
GDXJ (63/37)
GDX (62/32)
TLT (50/14)
USO (37/39)
XOP (34/40)
BROAD MARKET
SPY (28/17)
IWM (25/21)
DIA (21/17)
QQQ (21/21)
There's still a decent amount of time in the November cycle (40 days 'til expiry) to put something on in broad market if you missed the volatility pop last week.
SPY November 15th 279/305 (20 delta), 3.71 credit.
IWM November 15th 139/157 (18 delta), 1.97 credit.
DIA November 15th 251/276 (18 delta call, 19 put), 3.00 credit.
QQQ November 15th 177/198 (20 delta put, 19 call), 2.73 credit.
FUTURES
/SI (68/30)
/GC (64/14)
/6B (56/11)
/ZB (50/10)
/ZF (43/4)
/ZN (42/5)
/ZC (39/27)
/CL (37/40)
As with the exchange-traded funds, the volatility is in precious metals and oil. Although the ranks are high in the treasury complex, I'm not doing anything there due to the low background volatility, although I could see a bearish assumption directional shot in /ZN if we reach back to those 2019 highs.
VIX/VIX DERIVATIVES
I missed last week's 21.46 high to add bearish assumption, but we finished the week at 17.04, so another >20 VIX isn't out of the question.
Nothing is currently popping out on my screener that is highly liquid from an options standpoint and/or has ideal rank/implied metrics of >70% rank/>50% implied.
EXCHANGE-TRADED FUNDS
Pictured here is what is becoming a broken record trade in GDXJ (63/37) -- a 35/43 short strangle in the November cycle paying 1.12 at the mid price (.66 at 50 max). As you can see, the premium's where it's been -- precious metals and oil.
SLV (68/27)
GLD (64/14)
GDXJ (63/37)
GDX (62/32)
TLT (50/14)
USO (37/39)
XOP (34/40)
BROAD MARKET
SPY (28/17)
IWM (25/21)
DIA (21/17)
QQQ (21/21)
There's still a decent amount of time in the November cycle (40 days 'til expiry) to put something on in broad market if you missed the volatility pop last week.
SPY November 15th 279/305 (20 delta), 3.71 credit.
IWM November 15th 139/157 (18 delta), 1.97 credit.
DIA November 15th 251/276 (18 delta call, 19 put), 3.00 credit.
QQQ November 15th 177/198 (20 delta put, 19 call), 2.73 credit.
FUTURES
/SI (68/30)
/GC (64/14)
/6B (56/11)
/ZB (50/10)
/ZF (43/4)
/ZN (42/5)
/ZC (39/27)
/CL (37/40)
As with the exchange-traded funds, the volatility is in precious metals and oil. Although the ranks are high in the treasury complex, I'm not doing anything there due to the low background volatility, although I could see a bearish assumption directional shot in /ZN if we reach back to those 2019 highs.
VIX/VIX DERIVATIVES
I missed last week's 21.46 high to add bearish assumption, but we finished the week at 17.04, so another >20 VIX isn't out of the question.