Live: Wednesday, April 19, 2017

4/19 – 2:30 p.m. New York time

I have entered three new positions today: CSX, EBAY and QCOM. The last symbol, QCOM, was added as a prospect shortly before the analysis; the new tactic I’m trying, described below, allowed the use of a better options grid.

I also exited three symbols, below my target of 25% of maximum potential earnings but still with good returns, in order to free up cash in my account for the trades remaining this week.

The exits were C, EWZ and WFC.

Read More »

IBM Analysis

International Business Machines Corp. (IBM)

IBM publishes earnings on Tuesday after the closing bell.

I shall use the MAY series of options, which trades for the last time 31 days hence, on May 19.

Implied volatility stands at 21%, which is 1.5 times the VIX, a measure of the volatility of the S&P 500 index.

IBM’s IV stands in the 46th percentile of its annual range and the 96th percentile of its most recent broad movement.

Read More »

ABT Analysis

Abbott Laboratories (ABT)

ABT publishes earnings on Wednesday before the opening bell.

I shall use the MAY series of options, which trades for the last time 31 days hence, on May 19.

Implied volatility stands at 21%, which is 1.4 times the VIX, a measure of the volatility of the S&P 500 index.

ABT’s IV stands in the 38th percentile of its annual range and the 72nd percentile of its most recent broad movement.

Read More »

RF Analysis

Regions Financial Corp. (RF)

RF publishes earnings on Tuesday before the opening bell.

I shall use the MAY series of options, which trades for the last time 32 days hence, on May 19.

Implied volatility stands at 36%, which is 2.4 times the VIX, a measure of the volatility of the S&P 500 index.

RF’s IV stands in the 35th percentile of its annual range and the 96th percentile of its most recent broad movement.

Read More »

NFLX Analysis

Netflix Inc. (NFLX)

NFLX publishes earnings on Monday after the closing bell.

I shall use the MAY series of options, which trades for the last time 32 days hence, on May 19.

Implied volatility stands at 43%, which is 2.9 times the VIX, a measure of the volatility of the S&P 500 index.

NFLX’s IV stands in the 48th percentile of its annual range and the 95th percentile of its most recent broad movement.

Read More »

UAL Analysis

United Continental Holdings Inc. (UAL)

UAL publishes earnings on Monday after the closing bell.

I shall use the MAY series of options, which trades for the last time 32 days hence, on May 19.

Implied volatility stands at 35%, which is 2.3 times the VIX, a measure of the volatility of the S&P 500 index.

UAL’s IV stands in the 23rd percentile of its annual range and the 67th percentile of its most recent broad movement.

Read More »

HOG Analysis

Harley-Davidson Inc. (HOG)

HOG publishes earnings on Tuesday before the opening bell.

I shall use the MAY series of options, which trades for the last time 32 days hence, on May 19.

Implied volatility stands at 40%, which is 2.6 times the VIX, a measure of the volatility of the S&P 500 index.

HOG’s IV stands in the 46th percentile of its annual range and the 95th percentile of its most recent broad movement.

Read More »

GS Analysis

The Goldman Sachs Group Inc. (GS)

GS publishes earnings on Tuesday before the opening bell.

I shall use the MAY series of options, which trades for the last time 32 days hence, on May 19.

Implied volatility stands at 26%, which is 1.7 times the VIX, a measure of the volatility of the S&P 500 index.

GS’s IV stands in the 33rd percentile of its annual range and the 72nd percentile of its most recent broad movement.

Read More »

BAC Analysis

Bank of America Corp. (BAC)

BAC publishes earnings on Tuesday before the opening bell.

I shall use the MAY series of options, which trades for the last time 32 days hence, on May 19.

Implied volatility stands at 30%, which is double the VIX, a measure of the volatility of the S&P 500 index.

BAC’s IV stands in the 33rd percentile of its annual range and the 77th percentile of its most recent broad movement.

Read More »