BJ is trading $42.32. <img src="http://2.bp.blogspot.com/_hMry1m7UF10/TJD852iUgRI/AAAAAAAAEw8/tIyET28_5hA/s1600/bj_summary.gif"> I found this stock using a real-time custom scan I built in Livevol Pro. I've included a snapshot (<a href="http://livevol.blogspot.com/2010/09/bj.html">in the article</a>). <img src="http://4.bp.blogspot.com/_hMry1m7UF10/TJD9k0W-53I/AAAAAAAAExU/HO6lFNcSByw/s1600/bj_custom_scanner.gif"> <b>Time Spread Scan Details</b> Stock Price >= $5 Avg. Option Volume >= 1500 Industry != Bio-Tech Sigma2 - Sigma3 >= 7 Sigma2 >= 1 Sigma3 >= 1 Days After Earnings <= 10 >= 70 The Sigma2/3 >=1 is just a sanity check so I don't get any weird bond funds with 0.5 vol or whatever. The days after earnings makes it so I can eliminate some earnings vols from the front month, as I am looking for natural time spreads, not earnings plays (I have a separate scan for earnings). I have included the Skew Tab (<a href="http://livevol.blogspot.com/2010/09/bj.html">in the article</a>). This illustrates pretty clearly the vol diff from Oct to Dec. I've highlighted the 40/45 strangle. Moving to the Options Tab I can see the actual prices and possible trade. <b>Possible Trade to Analyze</b> Sell the Oct 40/45 strangle @ $1.70 Buy the Dec 40/45 strangle for $3.35 Net debit is $1.65. The Oct strangle sells 39 vol (ish) and the Dec strangle purchases 32 vol (ish). The trick here is that earnings look like they will occur after Oct 15th (expo). I see projections from Oct 18th out to Nov 17th. If this is true, this trade buys low vol with an earnings date and sells high vol without. Could be a neat trick. This trade loses to large moves away from the long strikes in Oct, or an absolute vol disintegration as it is long vega. So a takeover would be bad. It wins to time decay and vol increases with the stock sitting. This is trade analysis, not a recommendation. Details, trades, prices, vols, skews, charts here: http://livevol.blogspot.com/2010/09/bj.html Legal Stuff: <a href="http://www.livevolpro.com/help/disclaimer_legal.html">http://www.livevolpro.com/help/disclaimer_legal.html</a>