I laid out my thoughts on STZ in my earnings preview earlier today (included below). Given the high level of implied volatility, and my lack of directional bias, I basically just want to sell volatility …
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Event: STZ reports its calendar Q4 earnings Wednesday before the open. The options market is implying about a 7% move post-earnings, which is slightly low relative to both the 4 qtr avg move of about 11%, …
Continue readingWe received a few questions on the workings of a calendar spread like the one we just closed in MNST. I wanted to take the time to explain how this structure works as it’s a …
Continue readingUpdate Aug 9th, 2012 at 1:21pm: We looked at a handful of different trades and decided not to pull the trigger on any as we just don’t have strong enough conviction either way, but wanted to …
Continue readingEvent: JWN is set to report their Q2 earnings after the close tonight. The options market is implying a 5% move following the report, close to their 8 qtr average of 4.5%. Interestingly, the stock has …
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