Ugh. Doing my weekly market review/screening and there is literally nothing high IVR/high IV to play ... . Nada ... . Zilch ... .
One option is to sell puts in one of these "just high IV" underlyings:
VRX: April 21st 11 goes for .56
AKS: April 21st 7 goes for .31
AMD: April 21st 13 goes for .66
WLL: April 21st 8 goes for .28
CLF April 21st 8 goes for .34
X: April 21st 32 goes for 1.25
These are all at or around the 30 delta ... . Those plays, however, are not my "favorite girls to dance with at the ball."
For earnings, what little "quality" stuff is left to this season is still a few days out:
FDX (IVR 92/IV 30) (3/21 AMC)
GME (IVR 73/IV 46) (3/23 AMC)
MU (IVR 76/IV 47) (3/23)
VIX: For a "Term Structure" play,* the earliest expiry where the 50 delta strike is at 16 or greater and pays ~2.50/contract is June, and that's 101 DTE ... .
Of course, we have that little Fed shindig going on next week. Implied volatility and the VIX can turn on a dime, but I've been waiting for VIX to turn on a dime for weeks ... .
One option is to sell puts in one of these "just high IV" underlyings:
VRX: April 21st 11 goes for .56
AKS: April 21st 7 goes for .31
AMD: April 21st 13 goes for .66
WLL: April 21st 8 goes for .28
CLF April 21st 8 goes for .34
X: April 21st 32 goes for 1.25
These are all at or around the 30 delta ... . Those plays, however, are not my "favorite girls to dance with at the ball."
For earnings, what little "quality" stuff is left to this season is still a few days out:
FDX (IVR 92/IV 30) (3/21 AMC)
GME (IVR 73/IV 46) (3/23 AMC)
MU (IVR 76/IV 47) (3/23)
VIX: For a "Term Structure" play,* the earliest expiry where the 50 delta strike is at 16 or greater and pays ~2.50/contract is June, and that's 101 DTE ... .
Of course, we have that little Fed shindig going on next week. Implied volatility and the VIX can turn on a dime, but I've been waiting for VIX to turn on a dime for weeks ... .