this time they are remembering last qtr after report move... Great IV action from 8.4% yesterday to 8.9%. Also- great up and down price action for active scalps! I am out but maybe leaving some extra $ on the table. Will check back before 4:00
I am also watching it but probably going to pass. 1. I don't trade stocks that don't have at least 4 qtr history 2. IV is extremely cheap considering last qtr move of 48% and it's become "cheaper" day by day...something is just not right but not sure what. IV in last week, day by day: 16.2, 14, 14, 12.8, 11.6, 11.1 HMMM
the iv declined post amd earnings but the earnings implied move was fixed at 12% for around the 8 prior trading days. it looks to have bottomed today and has since risen to >10% since my first post. im betting we see 12% implied move before earnings. the realized vol has been comfortably above the ambient 50% on multiple time scales which helps as well. but there are tons of other picks right now. regarding fewer cycles, very good point -- a good study to do would be implied move behavior for high volume stocks with limited earnings history.