I have four earnings prospects on my desk this morning, and I have room in my holdings for two of them.

GIS has the best implied volatility profile of the batch, so I’ll analyze it first.  DRI and KMX are similar in their relative volatilities; I’ll try DRI first, with KMX as a fallback.

CCL is fairly low in the annual percentile, at the 40th, and so I shall analyze it as a last resort.

By Tim Bovee, Portland, Oregon, Dec. 19, 2016