DE Analysis

Deere & Co. (DE)

DE publishes earnings on Friday before the opening bell.

I shall use options that trade for the last time eight days hence, on Aug. 25.

Implied volatility stands at 27%, which is double the VIX, a measure of the volatility of the S&P 500 index.

DE’s IV stands in the 74th percentile of its annual range and the 68th percentile of its most recent broad movement.

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AMAT Analysis

Applied Materials Inc. (AMAT)

Update 8/18/2017: AMAT’s earnings beat analysts expectations by 2 cents, at $0.86 per share. The stock price rose  b6 $2 pre-market trading. I exited at $1.75, or 17.5% of maximum potential profit, with the stock at $44.72.

Shares rose by a a net 2.2% during my one-day holding period, or a +792% annual rate. The options position produced a 21.1% return for a +7,717% annual rate


AMAT publishes earnings on Thursday after the closing bell.

I shall use options that trade for the last time eight days hence, on Aug. 25.

Implied volatility stands at 37%, which is 2.8 times the VIX, a measure of the volatility of the S&P 500 index.

AMAT’s IV stands in the 86th percentile of its annual range and the 93rd percentile of its most recent broad movement.

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GPS Analysis

The Gap Inc. (GPS)

GPS publishes earnings on Thursday after the closing bell.

I shall use options that trade for the last time eight days hence, on Aug. 25.

Implied volatility stands at 41%, which is 3.1 times the VIX, a measure of the volatility of the S&P 500 index.

GPS’ IV stands in the 53rd percentile of its annual range and the 75th percentile of its most recent broad movement.

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WMT Analysis

Wal-Mart Stores Inc. (WMT)

Update 8/17/2017: WMT’s earnings came in spot on the analyst expectations, at $1.08 per share. Zacks Investment Research had given a 0.94% earnings surprise predictor score.

The stock fell in pre-market trading and then began to rise after the opening bell. I exited the contracts at a $2.21 debit, or 24.8% of maximum potential profit, with shares at $79.11.

Shares declined by 2.2% over one day, or a -819% annual rate. The options position produced a 33.0% return for a +12,057% annual rate.


WMT publishes earnings on Thursday before the opening bell.

I shall use options that trade for the last time nine days hence, on Aug. 25.

Implied volatility stands at 22%, which is 1.9 times the VIX, a measure of the volatility of the S&P 500 index.

WMT’s IV stands in the 72nd percentile of its annual range and the 88th percentile of its most recent broad movement.

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CSCO Analysis

Cisco Systems Inc, (CSCO)

CSCO publishes earnings on Wednesday after the closing bell.

I shall use options that trade for the last time nine days hence, on Aug. 25.

Implied volatility stands at 22%, which is 1.9 times the VIX, a measure of the volatility of the S&P 500 index.

CSCO’s IV stands in the 68th percentile of its annual range and the 84th percentile of its most recent broad movement.

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NTAP Analysis

NetApp Inc. (NTAP)

NTAP publishes earnings on Wednesday after the closing bell.

I shall use options that trade for the last time nine days hence, on Aug. 25.

Implied volatility stands at 35%, which is 3.1 times the VIX, a measure of the volatility of the S&P 500 index.

NTAP’s IV stands in the 55th percentile of its annual range and the 75th percentile of its most recent broad movement.

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TGT Analysis

Target Corp. (TGT)

Update 8/16/2017: TGT’s earnings came in a $1.23, slightly below the $1.28 consensus expectation by analysts. The share price whipsawed in pre-open trading but immediately after the opening bell was close to where it had closed the day before. I exited with the share price at $55.57 and the options position at a debit of $1.97, or 24.8% of maximum potential profit.

Shares rose by a net 0.5% over my one-day holding period, or a +172% annual rate. The options position produced a +32.1% return for a +12,043% annual rate.

Zacks Investment Research had given TGT an earnings surprise predictor of zero, suggesting a small move that would be more likely to stay within the profit zone, and that’s how it played out.


TGT publishes earnings on Wednesday before the opening bell.

I shall use options that trade for the last time 10 days hence, on Aug. 25.

Implied volatility stands at 30%, which is 2.5 times the VIX, a measure of the volatility of the S&P 500 index.

TGT’s IV stands in the 83rd percentile of its annual range and the 78th percentile of its most recent broad movement.

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