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Slope is so vast, I often forgot some of the coolest tools we have here. One I just stumbled upon is the Volatility Matrix, described in detail here. Below are my 15 current put positions laid out on this matrix. Interesting stuff!
Preface to all KYS posts: It is my view that most Slopers are overlooking the vast majority of content and features on the site, and I am hoping over this long holiday weekend that I can remind you of what’s in here and prod some to action. For this particular feature, which I encourage you to check out, the relevant link is here.
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Here are some pre-earnings trades that looks favorable. Remember to click on any image for a screen-filling, easier-to-read version.
16 Jun – 21 Jul is the calendar time frame. I like the 47 and 45 strike calendars (puts vs. calls up to you). Short the 16 Jun strikes, and go long the 21 Jul strikes. As an effective hedge, buy an equal number of 50 strike calls and 42 strike puts.
For 1 contract, this is around $193. There is a 3% or so move in the last 2 days on average.
May I suggest for your consideration a short position on US Steel (symbol X) based on its head & shoulders reversal pattern. I have purchased October 20th $25 puts.
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