The Volatility Index reached the low 40s last week. Volatility Futures (VX) are down in pre-open trading this morning and major Index Futures (ES, YM, NQ, & RTY) are up, but event risk remains high. Not only will we have the election this week, but we will have an FOMC meeting, an employment report, and
Here is the current list of stocks to avoid.TickerCloseValueHYLN20.000000-158.12RIDE14.030000-118.39AMC2.610000-116.88DDS45.380000-76.52HTZ1.800000-68.65REV4.860000-66.33BPY13.650000-58.02BLNK7.460000-55.04XDC75.061000-49.67LMND49.130000-48.52MVIS2.410000-44.9BANC11.420000-44.25DGLY2.510000-42.73SIMO37.070000-42.2SPI8.770000-41.95IEP48.900000-41.35MTLS38.220000-39.09ERY79.290000-37.04CODX13.595000-33.71DRQ23.860000-32.45SOLO2.500000-31.6DRIP74.760000-30.63UNVR16.760000-29.31INO10.920000-28.8TSE31.120000-28.11RNST28.460000-26.1PSTI9.240000-25.86SCO18.560000-25.52PFGC32.330000-25.35CLSK7.210000-25.07TLRY5.650000-25.02CVM12.330000-24.49ATGE23.610000-23.3WWR4.060000-22.74AXDX9.660000-22.07VLDR12.810000-21.95VCRA33.920000-21.91ZYME39.880000-21.28SELB3.360000-21.22RDUS13.460000-20.48FOLD18.260000-19.18NNOX26.660000-19.04AQST5.150000-18.76CRDF14.600000-16.99PEGA120.270000-16.87SKF12.110000-16.53ARNC21.190000-16.46BCLI10.080000-16.37VERI9.460000-16.09BIGC79.650000-15.7MZZ10.020000-15.52INSG9.130000-15.49
Here is the list of stocks from the Hedge Fund Straddles scan, that also appear in Decile 1 of the Ask/Value scan. While the options are cheap relative to the rest of the market, they are not very cheap relative to their value. TickerIssuerCloseVolatility RatioPrevious Signal DateValue RatioIIPRINNOVATIVE INDL PPTYS INC121.710.9658/14/200.848SUNSUNOCO LP/SUNOCO FIN CORP25.430.8778/14/200.921DDOMINION ENERGY INC82.470.9558/14/200.998TTMITTM
This is a list of stocks with the cheapest options for December’s monthly expiration. If I’m looking for options to buy, this is where I start. You will still need to dig deeper because some of these stocks may have cheap options for a fundamental reason.TickerCloseStrikeStraddle AskStraddle ValueValue RatioMYOK223.00220.008.8043.270.203VAR172.46170.005.9016.620.355DNKN103.10105.005.9510.460.569KDP28.4428.002.804.800.584XP42.7845.007.9013.150.601ARNC23.4423.004.406.570.670PE10.2910.001.852.690.688BIGC83.3185.0025.8036.210.712DOW47.1547.506.077.830.776STNE56.1555.0010.3013.250.777COOP22.2922.504.205.180.811ONEM30.6530.006.507.940.818BYND164.54165.0037.8046.150.819BILL107.70110.0024.7029.840.828CRNC65.1665.0014.6017.640.828ARWR59.1060.0014.2017.060.832RILY25.4525.003.253.800.855ROKU218.42220.0046.1053.590.860LOVE30.0830.008.8010.090.872LRCX347.63350.0049.7556.730.877IIPR121.75120.0021.0023.900.879CTVA32.7133.004.204.750.884FSLY74.0275.0020.2022.790.886SNAP41.2741.007.208.110.887MAXR28.0930.007.908.900.888TRTN38.7840.004.905.510.890RPAY22.9922.504.505.050.892IAA55.9755.007.908.800.898SDGR58.0160.0014.4016.030.898AVTR24.7325.003.854.260.904STX48.9650.005.335.860.910INTC46.7247.504.675.120.913PAGS38.8440.007.307.980.914SUN25.1125.002.903.170.914UBER35.4935.006.346.920.917PS17.5017.503.453.750.920CRWD133.08135.0026.2028.420.922CAG37.5538.003.553.840.923LEVI16.2716.002.552.760.923REAL13.8615.003.904.220.925AB30.7730.003.253.500.930GRWG17.9717.505.756.130.938VICI23.3922.502.802.930.955HAS83.4082.5010.1010.560.957MU52.1452.507.357.680.957EGO12.9813.002.652.760.960ICHR24.5825.004.905.100.960MIC26.9627.503.954.100.964ASH73.4675.008.108.380.967GH102.90105.0021.3021.930.971PING31.8230.006.807.000.971CVNA201.38200.0049.9551.340.973AMD82.2382.5014.9015.280.975MAT13.7514.002.052.100.975DELL64.7465.008.808.990.978LMND51.1950.0012.5012.780.978BE15.6716.005.305.410.980GWW361.28360.0036.3037.020.981KTB31.9630.006.606.700.985T27.3827.002.082.110.986LITE82.6082.5014.0014.170.988OMF37.5338.006.406.470.989DT40.3140.007.707.770.991AYX137.59140.0027.4527.670.992PD28.9330.006.456.480.995WHR194.06195.0023.2023.320.995CSX78.8780.008.108.120.997CMC20.7921.002.852.850.998YETI50.6550.009.759.770.998PI29.8030.007.007.001.000PNR50.4150.005.305.281.004SGMO11.1911.002.652.641.005OLED190.96190.0031.0030.781.007D81.7282.506.506.441.009IRDM26.5327.003.903.861.010NEP64.7565.007.207.131.010WORK27.7528.005.615.561.010AYI91.2890.0012.1011.971.011LIN227.99230.0022.2021.871.015VZ57.8157.503.613.551.016SNBR63.3565.0011.0010.811.017DDOG99.76100.0021.6021.211.018DPZ394.61390.0038.6037.901.018NVDA525.65525.0082.3580.901.018SNX141.31140.0018.1017.771.018GO42.7845.006.156.031.020ZS149.00150.0028.3527.741.022NWL17.4417.002.552.491.023TTD608.32610.00127.90124.451.028CARR33.7134.004.954.801.031OZK24.2325.003.503.391.032SIVB289.94290.0040.3039.071.032HCI49.6050.005.905.711.033KL45.8645.007.106.861.035RPM87.7990.008.107.831.035DOMO34.9635.008.908.591.036ON25.5526.004.154.011.036FMC105.36105.0011.8011.371.038O59.8360.006.155.931.038INSG9.4710.002.702.601.039
Uncertainty about the election makes this a time for caution. The SPY term structure chart below shows that options expiring after the election have much higher volatility than those that expire before election day. The options expiring before the election are too cheap to consider selling strategies. Options expiring after the election are expensive, but
Here are the current stocks to avoid.TickerCloseValueLKFN47.190000-121.48REV5.380000-106.2HYLN22.550000-99.36BSGM5.060000-93.75EIG32.930000-79.88SPI8.010000-78.36AMC3.000000-75.53DPHC21.420000-66.29BLNK8.570000-61.88TLRY6.445000-61.39ARKQ61.910000-48.31BANR37.640000-48.24SQM36.640000-47.71DGLY2.130000-46.93NNOX30.930000-39.35APRN6.740000-36.9AXGN13.090000-36.43WWR4.230000-34.52SOLO2.730000-34.29CGC19.490000-30.95CVAC49.130000-30.31XDN95.634000-28.08MARA2.840000-25.76LAC11.000000-25.18HGEN13.810000-24.75UNVR18.160000-23.89SELB2.600000-23.72FUV6.430000-23.01ERY71.730000-22.95VRT18.570000-22.92BP15.830000-22.38HTZ1.600000-21.34NOG4.740000-20.7LMND57.980000-20.68NAK1.010000-19.99CAPR4.200000-19.87SPPI3.480000-18.74PBA21.710000-18.71MTLS50.190000-18.17MESO11.240000-18.06OTRK56.040000-17.92NGD2.220000-16.27TTCF20.460000-16.09INSG9.880000-16.05ANDE22.940000-15.92SBRA13.740000-15.49BIGC95.790000-15.36CLSK8.880000-15.26KNDI7.200000-15BHVN77.620000-14.3ICAD10.580000-14.26NKLA22.240000-13.37WEC101.090000-13.16AMX13.310000-13.1IPOB21.920000-12.84GME14.100000-12.73YRCW4.690000-12.47BCRX3.590000-12.44SRNE7.850000-11.74RIOT3.980000-11.63AM6.330000-11.11EIGI6.130000-11TECS12.120000-10.96ZAGG3.020000-10.95CVM12.790000-10.92AB32.330000-10.82LIVN53.260000-10.66MOV12.150000-10.41SURF8.890000-10.08LOOP6.450000-9.86INMD42.010000-9.65TEN8.820000-9.61NK7.610000-9.56AMCX24.510000-9.55CVI11.300000-9.48NVAX91.160000-9.14