EBAY Analysis

eBay Inc. (EBAY)

Update 7/21/2017: EBAY gapped downward after earnings were published, and I exited at 45.1% of maximum potential profit

Shares declined by 1.9% over four days, or a -170% annual rate. The options position produced a +82.1% yield on debit for a +7,496% annual rate


EBAY publishes earnings on Thursday after the closing bell.

I shall use options that trade for the last time eight days later, on July 28.

Implied volatility stands at 33%, which is 3.3 times the VIX, a measure of the volatility of the S&P 500 index.

EBAY’s IV stands in the 59th percentile of its annual range and the 91st percentile of its most recent broad movement.

Read More »

PM Analysis

Philip Morris International Inc. (PM)

Update 7/20/2017:  PM fell sharply after earnings were published. I exited at 39.6% of maximum potential profit.

Shares declined by 0.5% over three days, or a -56% annual rate. The options position produced a 65.9% yield on debit for a +7,992% annual rate


PM publishes earnings on Thursday before the opening bell.

I shall use options that trade for the last time nine days later, on July 28.

Implied volatility stands at 22%, which is 2.3 times the VIX, a measure of the volatility of the S&P 500 index.

PM’s IV stands in the 66th percentile of its annual range and the peak of its most recent broad movement.

Read More »

GE Analysis

General Electric Co. (GE)

GE publishes earnings on Thursday after the closing bell.

I shall use options that trade for the last time eight days later, on July 28.

Implied volatility stands at 21%, which is 2.2 times the VIX, a measure of the volatility of the S&P 500 index.

GE’s IV stands in the 65th percentile of its annual range and the 75th percentile of its most recent broad movement.

Read More »

JNJ Analysis

Johnson & Johnson (JNJ)

JNJ publishes earnings on Tuesday before the opening bell.

I shall use options that trade for the last time 11 days later, on July 28.

Implied volatility stands at 16%, which is 1.6 times the VIX, a measure of the volatility of the S&P 500 index.

JNJ’s IV stands in the 49th percentile of its annual range and the 70th percentile of its most recent broad movement.

Read More »

USB Analysis

U.S. Bancorp (USB)

USB publishes earnings on Wednesday before the opening bell.

I shall use options that trade for the last time 10 days later, on July 28.

Implied volatility stands at 25%, which is 2.6 times the VIX, a measure of the volatility of the S&P 500 index.

USB’s IV stands in the 96th percentile of its annual range and the 91st percentile of its most recent broad movement.

Read More »

IBM Analysis

International Business Machines Corp. (IBM)

IBM publishes earnings on Tuesday after the closing bell.

I shall use options that trade for the last time 10 days later, on July 28.

Implied volatility stands at 24%, which is 2.4 times the VIX, a measure of the volatility of the S&P 500 index.

IBM’s IV stands in the 67th percentile of its annual range and the 90th percentile of its most recent broad movement.

Read More »

CSX Analysis

CSX Corp. (CSX)

CSX publishes earnings on Tuesday after the closing bell.

I shall use options that trade for the last time 10 days later, on July 28.

Implied volatility stands at 34%, which is 3.5 times the VIX, a measure of the volatility of the S&P 500 index.

CSX’s IV stands in the 71st percentile of its annual range and the 84th 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 options that trade for the last time 11 days later, on July 28.

Implied volatility stands at 39%, which is four times the VIX, a measure of the volatility of the S&P 500 index.

HOG’s IV stands in the 66th percentile of its annual range and the 86th percentile of its most recent broad movement.

Read More »