A couple of play possibles are out there, however, one of which is X, whose 6-month implied rank is at 78, with a background implied of 69, which means my play/volatility contraction "smell test" (>70 implied rank; >50 implied ).
FB also waits in the wings, but its implied hovers south of 31%, so it's one to watch, but it's not quite ripe enough.
As always, I'm keeping an eye on VIX . As with last week, it's super low here, which invites some kind of long play. (See Post Below).
Otherwise, I'll be honing my hand-sitting skills. I've been getting lots of practice here lately.