... for a .19/contract debit with 49 days to go.
Notes: Pre-vacation profit-taking where I can. This one I started out in April and then rolled, collecting a total of 1.14/contract. Closing here for a total profit of .95 (95)/contract.
Highly Options Liquid Single Name With Earnings in the Rear View Mirror Ranked by 30-Day Implied With a 30-Day >50% and a Share Price >$10:
Highly Options Liquid Exchange-Traded Funds Ranked by 30-Day Implied With a 30-Day >35%:
... for a .57/contract credit.
Notes: With the April 16th 29 only having .14 of extrinsic left in it, rolling out to the June 18th 28 strike for a realized gain of .43 ($43)/contract with 30-day at 43.9% and expiry-specific at 42.2%. I would've rolled out to May, but have 29's in that expiry. I get a credit, realize a gain, and reduce buying power effect all...
Although moving averages aren't looking good, EWZ is in a big support zone (white area). In this Elliott waves analysis EWZ hit the 0.382 (30.78) fibonacci retraction for wave 4 and if this is the end of it, wave 5 could hit 0.618 (42.01) or 1 (49.15) of fib extentions. The ex-president Lula news made the market drop today, but Lula isn't worse than current...
Select Emerging Market ETFs (U.S. listed in $USD) falling since Jan 2021, not like the IXIC (Nasdaq Composite Index) only since mid Feb: Russia RSX, Brazil EWZ, Mexico EWW, South Korea EWY, Thailand THD, New Zealand (ENZL - small market, not emerging market).
... for a .57/contract credit.
Notes: Still have some March on, but adding some in April at the 16 delta strike with 30-day at 49.9% and expiry-specific at 45.7%. 2.00% ROC at max as a function of notional risk.
... for a .60/contract credit.
Notes: 30-day at 44.7% and expiry-specific at 44.8%. Going with the 58 day weekly 16 delta strike, since I have a March 19th 30 and didn't want to go out to April just yet. 2.04% ROC at max.
HIGHLY LIQUID OPTIONS SINGLE NAME EARNINGS (LISTED CHRONOLOGICALLY IN ORDER OF ANNOUNCEMENT AND SCREENED FOR >50% 30-DAY IMPLIED):
HAL (13/61/13.9%),* Tuesday, before market open
NFLX (25/50/11.3%), Tuesday, after market close
AA (18/69/15.9%), Wednesday, after market close
UAL (13/64/14.8%), Wednesday, after market close
From a bang for your buck perspective:...
There aren't a ton of earnings next week. Some financials are announcing, but I generally don't play those a ton for volatility contraction, since they never really frisk up that much, and all are below 50% 30-day implied here. KBH provides the best bang for your buck with the implied metrics I'm generally looking for (>50%), followed by DAL. Both,...
... for a .69/contract credit.
Notes: Already have some February on, so going out to March here with 30-day at 41.7% and expiry-specific at 41.8%. 2.35% ROC at max. Will manage on approaching worthless and/or take assignment, sell call against.
... for a .72/contract credit.
Notes: Continuing to establish some new positions in 2021. January has gone a little bit short duration (38 days), so starting out in February. Will add on in weakness and/or if implied stays up there (30-day is currently 38.0%; expiry-specific at 40.3%). ROC: 2.38% at max; 11.75% annualized at max.
It's a light week for earnings announcements, which means it's an even lighter week for options liquid underlyings, none of which meet my cut-off for 30-day implied >50%.
EXCHANGE-TRADED FUNDS RANKED BY PERCENTAGE THE JANUARY AT THE MONEY SHORT STRADDLE IS PAYING AS A FUNCTION OF STOCK PRICE:
Only one underlying makes my cut for a earnings announcement volatility contraction play: GPS (25/70/14.9%),* which announces on Tuesday after market close, so look to put on a play in the waning hours of Tuesday's session.
To me, it's small enough to short straddle, with the pictured setup paying 3.72 (.93 at 25% max). Alternatively, go short...
EARNINGS ANNOUNCEMENT VOLATILITY CONTRACTION PLAYS:
... Screened for options liquidity and 30-day implied greater than 50% and ranked by "bang for your buck":
ROKU (38/31/16.4%),* announcing Thursday after market close.
WYNN (27/76/14.7%), announcing Wednesday (no time specified).
SQ (43/74/14.3%), announcing Thursday after market close.