I recently closed a position that had me short the November 125 calls in $IBM (with protection via long 130 calls). While I would have liked to still be in that position, I chose to close it recently to avoid a potential loss. One of my favorite strategies is to sell premium post eps at
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