TICKER Earnings/Relevant Options Expiration
#TSLA 23Apr/26Apr
#GOOG 23Apr/26Apr
#MSFT 23Apr/26Apr
#META 24Apr/26Apr
#AMZN 25Apr/26Apr
#AAPL 2May/3May
#NVDA 22May/24May
Options that expire right after earnings using have their very high Implied Volatilty (IV) before earnings. Regardless of bad or good results after earnings, since the results are known, IV suffers from IV crush. The general trend is that even at the same underlying's price, high IV options (puts or calls) will fetch more premium while low IV options (puts or calls) will fetch lower premium. This trend gives options sellers an edge because if the options are sold before earnings can get nice premium and sellers can close it after earnings; earning the IV crush.
NOT Financial Advice: What I would be doing is to sell covered calls of my #TSLA at strike 20% OTM. If I had more cash, I will sell slightly ITM CSP on #AMZN (i am bullish on #AMZN). What's your plan for options selling during earnings? Please share and like and follow. Thanks.
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