Running through my implied volatility screens, it doesn't look like next week looks very promising for premium selling at the moment.
A couple of earnings play possibles are out there, however, one of which is X, whose 6-month implied volatility rank is at 78, with a background implied volatility of 69, which means my earnings play/volatility contraction "smell test" (>70 implied volatility rank; >50 implied volatility).
FB also waits in the wings, but its implied volatility 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.
A couple of earnings play possibles are out there, however, one of which is X, whose 6-month implied volatility rank is at 78, with a background implied volatility of 69, which means my earnings play/volatility contraction "smell test" (>70 implied volatility rank; >50 implied volatility).
FB also waits in the wings, but its implied volatility 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.
評論:
Was hoping that FB implied volatility would ramp up into earnings. No such luck -- it's currently at 30.8% -- too low for me to bother with, since there won't be much contraction post-earnings.
