Traditional options expiration is upon us, and as such today we will continue our discussion on options expiration strategies, which we briefly touched upon in last week’s report. But before we dive in, let’s talk RIMM. With shares of RIMM trading at $17.58 last week we suggested traders consider purchasing the Dec 17.5-16 1×2 put […]
Google (GOOG) is scheduled to report 3Q financial results today after the close. The Street is expecting EPS of $8.74 on revenue of $7.2 billion. Shares of GOOG have exhibited decent volatility around earnings releases averaging a +/-7.3% around its last 8 earnings reports with a high of 13% emanating from last quarter’s results (see […]
Calendar Q3 earnings season kicks off tomorrow with Alcoa (AA) scheduled to report earnings after the market close. With shares of AA trading around $10, the weekly options straddle could be purchased for $0.73, representing a ~7% move for the week. Notable weekly options flow today includes buyers of over 3k Hewlett Packard (HPQ) Oct […]