- after making our morning rounds with the brokers today the theme was clear: low volume and low conviction in the institutional community from last week is carrying over into at least today.
- with the bulk of earnings season results to hit the tape as of this afternoon post close folks don't want to learn out of any windows…nor do we
- one name everyone will be watching is AAPL…out with results tuesday (tomorrow) after the bell.
- we will start looking for potential earnings season trades as of tomorrow morning
- in particular we are looking for large one-day selloffs or rallies in a stock post its earnings. we would then look to sell either far out of the money calls or puts.
- if a stock rallies we would sell far otm puts, if it falls we would sell far otm calls
- we will update you on this in real time as these movers start showing up
