STX announces earnings tomorrow before market open, so any play would be on high post-announcement volatility afterglow. The November 17th 32/38 short strangle is paying 1.47 at the mid with break evens at 30.53 and 39.47 with its defined risk counterpart, the 29/32/38/41 iron condor paying .99 with break evens at 31 and 39.
AMD announces on 10/24 (Tuesday) after market close. Although its IV isn't quite there yet for an ideal volatility contraction play, the November 3rd 14 short straddle's paying 1.53 at the mid.
TWTR is up to bat on Thursday (10/26) after market close. Its background IV is above 50%, but it's been higher over the previous 52 weeks. The November 3rd 18 short straddle's paying 1.78, although I could also see playing it directionally via short put from the low end of its long-term range (around 14) should earnings be particularly lackluster. Currently, a short put with a break even around that low isn't yet paying decently, so you'll have to wait for the underlying to go lower to make that play.
Broader market, the "majors" (SPY, IWM, QQQ) continue to grind higher and implied volatility remains disappointing low for premium sellers, with the VIX finishing Friday's session below 10 and the first futures contract trading above the 16 level way out at the tail end of the term structure in June.
AMD announces on 10/24 (Tuesday) after market close. Although its IV isn't quite there yet for an ideal volatility contraction play, the November 3rd 14 short straddle's paying 1.53 at the mid.
TWTR is up to bat on Thursday (10/26) after market close. Its background IV is above 50%, but it's been higher over the previous 52 weeks. The November 3rd 18 short straddle's paying 1.78, although I could also see playing it directionally via short put from the low end of its long-term range (around 14) should earnings be particularly lackluster. Currently, a short put with a break even around that low isn't yet paying decently, so you'll have to wait for the underlying to go lower to make that play.
Broader market, the "majors" (SPY, IWM, QQQ) continue to grind higher and implied volatility remains disappointing low for premium sellers, with the VIX finishing Friday's session below 10 and the first futures contract trading above the 16 level way out at the tail end of the term structure in June.