I shall analyze GM on Monday as a potential earnings plays.
Two others symbols qualify in terms of their implied volatility with its most recent broad movement, but have low open interest, a measure of liquidity, in areas of the options grid that I would use in constructing a position.
BP is has overly low open interest on only one position on the grid, and might improve sufficiently in Monday trading to make it qualify. FOXA has lower open interest than I like and is like to remain too illiquid for my standards.
All three symbols are in the upper have of the most recent movement, but that requires a caveat. Each has been moving within a very narrow range, so “high” in this context doesn’t mean a lot.
By Tim Bovee, Portland Oregon, Feb. 3, 2017