KLIC is trading $6.22, down 1.1% with IV30⢠up 5.6%. <img src="http://3.bp.blogspot.com/_hMry1m7UF10/TKSnpJCh3LI/AAAAAAAAFB8/CLREiQMKIHI/s1600/klic_summary.gif"> I found this stock using another real-time custom scan. This one hunts for low vols 60 days out. <b>Custom Scan Details</b> Stock Price >= $10 Average Option Volume >= 1,200 Industry isNot Bio-tech IV60⢠â HV60⢠<= 8 HV180⢠â IV60⢠>=8 The goal with this scan is to identify mid-term implied vol (IV60â¢) that is depressed both to the recent mid-term stock movement (HV60â¢) and the long term trend in stock movement (HV180â¢). I'm also looking for a reasonable amount of liquidity in the options (thus the minimum average option volume) and want to avoid bio-techs (and their crazy vol). The KLIC Charts Tab is included (<A href="http://livevol.blogspot.com/2010/09/klic.html">in the article</a>). The top portion is the stock price, the bottom is the vol (IV60⢠- yellow vs HV60⢠- blue vs HV180⢠- pink). The yellow shaded area at the very bottom is the IV30⢠vs. the HV20⢠vol difference. This is a great chart. We can see the vols: IV60â¢: 63.55 HV60â¢: 72 HV180â¢: 72 So, IV60⢠is relatively low. Let's look to the Options Tab now (<A href="http://livevol.blogspot.com/2010/09/klic.html">in the article</a>). We can see the Nov 6 straddle is priced at 67 vol (ish), or can be purchased for about ~$1.20. We can also see that the Oct 6 straddle is priced at 71.5 vol. That could be sold @ ~$0.65. The next earnings cycle for KLIC could be in the Nov cyle, but it's more likely that it's after Nov (this is a coin flip, really). <b>Possible Trades to Analyze</b> 1. Riskiest is a naked purchase of the Nov ATM straddle for $1.20. If held to expo, this requires KLIC to be outside of ($4.80, $7.20). 2. A different approach, buy the Nov straddle (67 vol) and sell the Oct straddle (71.5 vol) @ ~0.65 for a total debit of $0.55. This trade wants the stock to pin at $6 for Oct expo. A sale of the Nov straddle on the Monday after expo could be the closing trade. This is trade analysis, not a recommendation. Trades, details, prices, vols, charts here: http://livevol.blogspot.com/2010/09/klic.html Legal Stuff: <a href="http://www.livevolpro.com/help/disclaimer_legal.html">http://www.livevolpro.com/help/disclaimer_legal.html</a>