I shall analyze GM and BP as potential earnings plays today. BP’s options grid is not quite what I would like in terms of open interest at one key strike price, but I shall see if I can make it work.
I have exited XOM for a profit in order to avoid the likelihood of assignment as the stock goes ex-dividend. I shall update the analysis with results later today.
By Tim Bovee, Portland, Oregon, Feb. 6, 2017