EARNINGS No options highly liquid underlyings announcing earnings this week. BROAD MARKET EEM (15/18) QQQ (19/19) IWM (19/18) SPY (19/15) EFA (10/12) One word ... . Well, maybe two: "Weak sauce," with ranks in the low quarter of their 52-week ranges and background implied at sub-20 across the board. SECTOR EXCHANGE-TRADED FUNDS Top 5 By Rank: GLD...
BIDU announces earnings "some time tomorrow", so it could be either before or after market; if you want to play it, look to put on a setup before today's market close. One thing I would note is that the bid/ask spreads aren't that great, implying that the options' liquidity isn't the best in the world, so I would look to put on a play at the mid price, but not to...
MDT's current IVR/IV (35/29) doesn't make it worthwhile for a premium selling play; the standard setup (1 SD short strangle, 72/80.5 Dec 11 expiry currently only goes for a .54 credit), so its volatility will need to pop either pre-earnings or post in order for me to bother with it. Playing it to stay within its "expected move" of between 74 and 79 (Dec 11th...