**salesforce.com inc. (CRM)**

*Update 3/8/2017: CRM rose sharply after earnings were published, staying in a sideways pattern long enough for time decay and falling implied volatility to produce sufficient profit for an exit, at 24.9% of maximum potential profit.*

*Shares rose by 11.0% over eight days, or a +499% annual rate. Tue options positon produced a 36.0% yield on debit for a +1,640% annual rate*

CRM publishes earnings on Tuesday after the closing bell.

I shall use the APR series of options, which trades for the last time 52 days hence, on April 21.

Implied volatility stands at 34%, which is 2.7 times the VIX, a measure of the volatility of the S&P 500 index.

CRM’s IV stands in the 64th percentile of its annual range and the 60th percentile of its most recent broad movement.

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