The Walt Disney Co. (DIS)

Update 5/11/2017: DIS fell after earnings were published and then moved into a sideways correction. I exited at 18.7% of maximum potential profit.

Shares declined by 1.9% over two days, or a -339% annual rate. The options position produced a 23.1% yield ond ebit for a +4,206% annual rate.

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DIS publishes earnings on Tuesday after the closing bell.

I shall use the series of weekly options that trade for the last time 10 days hence, on May 19.

Implied volatility stands at 19%, which is 1.9 times the VIX, a measure of the volatility of the S&P 500 index.

DIS’s IV stands in the 52nd percentile of its annual range and the 76th percentile of its most recent broad movement.

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5/9 – 3:30 p.m. New York time

I entered three new positions, all timed to coincide with earnings announcements. They are DIS, NVDA and YELP. Also, I exited P for a profit.

I analyzed WIX but declined to take the trade.

My exit order on OAS at $0.65 has yet to be filled and appears unlikely to be. However, I shall leave the order live until the closing bell and update if it should be filled.

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Plains All American Pipeline LP (PAA)

PAA publishes earnings on Monday after the closing bell.

I shall use the series of weekly options that trade for the last time 11 days hence, on May 19.

Implied volatility stands at 28%, which is 2.8 times the VIX, a measure of the volatility of the S&P 500 index.

PAA’s IV stands in the 28th percentile of its annual range and the 76th percentile of its most recent broad movement.

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Pandora Media Inc. (P)

Update 5/9/2017: P declined sharply immediately after earnings were published and I exited at 31.8% of maximum potential profit.

Shares declined by 2.0% over one day, or a -742% annul rate. The options position produced a 48.7% yield on debit for a +17,033% annual rate.

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P publishes earnings on Monday after the closing bell.

I shall use the series of weekly options that trade for the last time 11 days hence, on May 19.

Implied volatility stands at 54%, which is 6.6 times the VIX, a measure of the volatility of the S&P 500 index.

P’s IV stands in the 51st percentile of its annual range and the 66th percentile of its most recent broad movement.

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Oasis Petroleum Inc. (OAS)

Update 5/12/2017: OAS rose after earnings were published and then moved sideways. I found it difficult in repeated attempts to get a fill, even when my bid was beyond the midpoint toward the ask side of the bid/ask spread. As expiration approached I decided to meet the ask of $0.77, even though it meant exiting at 14.4% of maximum potential profit, below my target.

Shares declined by 2.5% over four days, or a -229% annual rate. The options position produced a +16.9% yield on debit for a +1,541% annual rate

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OAS publishes earnings on Monday after the closing bell.

I shall use the series of weekly options that trade for the last time 11 days hence, on May 19.

Implied volatility stands at 59%, which is 6.1 times the VIX, a measure of the volatility of the S&P 500 index.

OAS’s IV stands in the 38th percentile of its annual range and the 59th percentile of its most recent broad movement.

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5/8 – 3:30 p.m. New York time

I entered new positions on OAS and P timed to coincide with earnings, and exited my position on AMD for a loss.

I attempted an exit of KRE, but the order has not yet been filled and I don’t expect it to be. I shall post an update if it should be filled by the closing bell.

I analyzed PAA but declined to take the trade, and

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Two price reports headline the week: The consumer price index on Friday at 8:30 a.m. New York time and the producer price index on Thursday, also at 8:30 a.m.

Also out, retail sales on Friday at 8:30 a.m.

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TransDigm Group Inc. (TDG)

TDG publishes earnings on Monday before the opening bell.

I shall use the series of weekly options that trade for the last time 14 days hence, on May 19.

Implied volatility stands at 44%, which is 4.2 times the VIX, a measure of the volatility of the S&P 500 index.

TDG’s IV stands in the 59th percentile of its annual range and the 79th percentile of its most recent broad movement.

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5/5 – 3:25 p.m. New York time

I exited ATVI as day after entering, for a profit. I analyzed TDG but declined to take the trade.

I have placed at exit order on KRE, at my profit. It appears unlikely to be filled, but I shall leave it active to the closing bell and update if it is filled.

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Activision Blizzard Inc. (ATVI)

Update 5/5/2017: ATVI gapped to the upside and then retreated somewhat after earnings were published, moving beyond my target and allowing me to exit at 41.6% of maximum potential profit.

Shares showed a net rise of 1.6% over one day, or a +575% annual rate. The options position produced a +71.4% yield on debit for a +26,043 annual rate

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ATVI publishes earnings on Thursday after the closing bell.

I shall use the series of monthly options that trade for the last time 15 days hence, on May 19. Although at this point I would prefer the May 12 weeklys, which expire in eight days, the earlier series lacks sufficiently open interest to support a trade.

Implied volatility stands at 33%, which is 3.2 times the VIX, a measure of the volatility of the S&P 500 index.

ATVI’s IV stands in the 72nd percentile of its annual range and the 82nd percentile of its most recent broad movement.

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