1.
$Vail(MTN)$ releases earnings after the closing bell(Monday). Expected move is 8% and IV is low. The daily chart definitely looks like a "mountain". 😂
Current price is trading at the edge of the last solid volume support level. Not sure how we want to #Optionselling trade this.
Looking at a put-write trade, Oct 17 expiry, strike somewhere in the 100-130 range (either lots of contracts around 100 or 1 contract at 130).
Image
2.
$Paychex(PAYX)$ releases earnings before market open on Tuesday. Expected move is 6.5% and IV is low, so the expectation is that the stock price won't move much. We shall see.
Strong volume support around the 120 level, which also happens to be the lower bound of the expected move.
Might take an Optionselling trade and write puts on the Oct 17 expiry, strike somewhere in the 100-120 range (depending on how conservative or aggressive we want to be).
Image
3.
Not a lot of well-known companies releasing earnings this week. So, gonna follow the homie on this Optionselling pre-earnings trade.
Ticker: $Progress(PRGS)$
Earnings release date: Sept 29 after market close
Expected move: ~14% (what's interesting is that IV isn't as high as you would think for a stock with a 14-pt expected move)
Trade: Sell-to-open puts, Oct 17 expiry, 30 or 32.5 strike
Stock price has already taken a big hit and earnings expectations are probably low going into this ER. The targeted put strikes are basically at the covid low as well as 2018 low.
Image
For whom haven't open CBA can know more from below:
🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!
Find out more here：
Comments