I like to sell premium but there are also times that I like to buy options and pre-earnings can be a good time to do so, especially with volatility being so low. Running some scans I happened across $ITW that has formed a very tight wedge and the Bollinger Bands are ready to explode. Earnings
Narrow Bollinger Bands
I love earnings season and it starts Monday so I’m busy looking at charts and chains. One of my favorite scans is looking for stocks that are in a narrow bollinger band and looking for a catalyst to break them out. Earnings are a perfect time to enter trades that profit from moves in stocks