I found another possible play in addition to COST and that is in ANF, which announces on Tuesday before market open.
The current implied volatility rank is 76, and its implied volatility is 97, so it would meet my general high implied volatility/high implied volatility rank standards for a premium selling play.
Given the price of the underlying, I would probably go short strangle (you won't get squat if you go iron condor on a sub-$30 underlying, usually):
March 11th 24/33
Probability of Profit: 74%
Max Profit: $105/contract
Buying Power Effect: Undefined
... but I'll probably look at tweaking this on Monday, depending upon what happens with price during the session.
The current implied volatility rank is 76, and its implied volatility is 97, so it would meet my general high implied volatility/high implied volatility rank standards for a premium selling play.
Given the price of the underlying, I would probably go short strangle (you won't get squat if you go iron condor on a sub-$30 underlying, usually):
March 11th 24/33
Probability of Profit: 74%
Max Profit: $105/contract
Buying Power Effect: Undefined
... but I'll probably look at tweaking this on Monday, depending upon what happens with price during the session.
הערה:
Filled a March 11th 24.5/33.5 short strangle for a .98 credit.
הערה:
It actually helps to be able to read a calendar. Lol. ANF announces earnings on 3/2 before market open, which is Wednesday. Thank goodness price isn't doing much here.
הערה:
Out at 50% max profit at market open (.49 debit).
