STX
NOTABLE HIGH IV STOCKS WITH IV > 50%1. P, 79%
2. FCX, 76%
3. X, 75%
4. TWTR, 67%
5. STX, 57%
6. ABX, 56%
7. NFLX, 56%
8 GG, 53%
9. SLW, 52%
Naturally, we are coming into earnings season here, so there's a reason that some of these have high IV here (e.g., NFLX announces in a week and a half). Ordinarily, I like IV to be >50% and IVR (current IV's level relative to where it's been for the past 52 weeks to be high, too), but I may not find a great deal of 70%+ IVR plays here with broad market volatility so low (VIX finished the week below 15).
Neverthless, it may be worthwhile to churn through this small list for premium selling plays (iron condors, short strangles, short straddes), assuming there's sufficient time before earnings to sneak a play in. Otherwise, it's probably best just to wait to do the standard volatility contraction play surrounding earnings ... .
Seagate Tech falling knifeFalling knife. Tanked from almost $70 now down to $19.
Joining the bottoms from 2009 and 2011's low we could be sat on potential support at current level (note 18.50 the 2011 high)
A whole bunch of gaps to fill above 19.75, 21.35, 26.50, 33.77, 47.57
Keeping an eye out for a bounce to try to catch the knife !!!
