Food for thought
15Feb2007 Filed under: Daily Report Author: OptionPunditHere is the initial list that I am looking for speculative moves tomorrow due earnings announcement. A further analysis is needed but I guess this umbrella serves a good menu to select a la carte dishes.
AQNT, BUCY, BWLD, CECO, CMG, HITT, NTGR, STMP, UHCO, GT and RNIM
Cheers and enojoy exploring, OptionPundit
Daily Report3 Responses to “Food for thought”
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Optrader
February 15th, 2007 at 2:30 pm
I was looking at CMG earlier today. I think there will be a big move. Huge number of shorts there. I am still debating between selling a horizontal spread or buying a credit ratio spread. Depends on what to expect with volatility. Do you know a good free tool/site with historical and average IV?
OptionPundit
February 15th, 2007 at 2:32 pm
Check out IVolatility.com
Optrader
February 15th, 2007 at 3:03 pm
Ok, maybe I am thinking too much here. But what about this trade:
- Buy 10 Mar/Feb calendar for 0.85 debit.
- Sell 50 Mar /June calendar for 1.80 credit.
I know, 10 of the Mar are sold and bought, but it is easier to look at it this way. Looks like the only way you would lose on this trade would be if IV increases, which is not likely to happen.
Am I missing something here?