Verizon Communications (VZ) 

VZ publishes earnings on Tuesday before the opening bell.

I shall use the MAR series of options, which trades for the last time 53 days hence, on March 17.

Implied volatility stands at 17%, which is 1.4 times the VIX, a measure of the volatility of the S&P 500 index.

VZ’s IV stands in the 24th percentile of its annual range and the 36th percentile of its most recent broad movement.

The price used for analysis was $53.22.

At this point I can cut the analysis short and go straight to a decision.

Decision for My Account

Implied volatility was already low in relation to VZ’s annual range and has fallen since yesterday in relation to the most recent broad movement. As a private trader I have the ability to limit my risk to the best of the best, and I choose to pass on any VZ trade today without further analysis.

By Tim Bovee, Portland, Oregon, Jan. 23, 2017