THE WEEK AHEAD: EARNINGS AND A PERSISTENTLY LOW VIX
Here's what showed up on my radar -- some sketchy ADR action ( WUBA ), a little bit of frisky biopharm ( BCRX ), and some beaten-down brick-and-mortar retail (M, SHLD , JCP ):
WUBA (99/56) (Online Retail): It's scheduled to announce on Thursday (2/23) (Short strangle/iron condor).
BCRX (98/287) (Biopharm): Monday (2/27) Before Market Open. (Short puts, short straddle). This is biopharm, which -- in itself -- should serve as a warning. You may want to do a bit more due diligence on this one than you would ordinarily, since they can explode, but also implode.
DKS (98/48) (Sporting Goods/Retail): are three weeks out, but I thought I'd put it out there since it's nearly ripe for play implied rank/implied wise. (Short strangle, iron condor).
M (96/49) (Department Store Retail): Tuesday (2/21) Before Market Open. Because we have a long holiday weekend here, with the markets being closed on Monday, I've probably missed an opp to play this one unless there is high vol afterglow post . (Short strangle, iron condor).
SHLD (93/127) (Department Store Retail): I don't see that this has up, but it's in the process of imploding. (Short puts, short straddle).
BBY (93/47) (Retail): 3/1 Before Market Open. We're still a ways out from , so like DKS , nearly ripe ... . (Short strangle, iron condor).
HTZ (92/73) (Car Rental): 2/27 (Monday) After Market Close. Another one that's ripe right now. (Short strangle, iron condor).
JCP (88/65) (Department Store/Retail): Friday (2/24) Before Market Open. Another beaten down brick and mortar retail issue. (Short puts, short straddle).
OCN (85/70) (Financial): on 2/22 (Wednesday) After Market Close. (Short puts,short straddle).