Out of four possible prospects, only JWN has sufficiently high liquidity and implied volatility to warrant further analysis.
BIDU and COG have low implied volatility relative to both the annual range and the most recent broad movement. HPE has insufficient liquidity on its options grid.
I intend to analyze JWN on Thursday as a potential earnings play. I’ll monitor BIDU, COG and HPE and shall resurrect any that become viable during the day. Otherwise, they’re off my prospects list.
By Tim Bovee, Portland, Oregon, Feb. 22, 2017