The last play I found for next week is ULTA (IVR/IV 71/48). It announces earnings on Thursday after market close.
The unfortunate thing is that weeklies aren't available, but the Dec expiry is near enough in time to not be too much of a problem.
Here's the setup, which may need to be tweaked between Monday's open and the announcement:
Dec 18 150/190 short strangle
POP%: ~70%
Max Profit: $275/contract (after hours)
BPE: ~$2762
BE's: 147.25/192.75
Due to the price of the underlying, it may be worthwhile to consider an iron condor, but the setup cuts majorly into your max profit, although it does define your maximum risk and therefore requires less buying power to put on:
Dec 18 140/150/190/200 iron condor
POP%: ~70%
Max Profit: $170/contract
BPE: ~$830/contract
BE's: 148.30/191.70
The unfortunate thing is that weeklies aren't available, but the Dec expiry is near enough in time to not be too much of a problem.
Here's the setup, which may need to be tweaked between Monday's open and the announcement:
Dec 18 150/190 short strangle
POP%: ~70%
Max Profit: $275/contract (after hours)
BPE: ~$2762
BE's: 147.25/192.75
Due to the price of the underlying, it may be worthwhile to consider an iron condor, but the setup cuts majorly into your max profit, although it does define your maximum risk and therefore requires less buying power to put on:
Dec 18 140/150/190/200 iron condor
POP%: ~70%
Max Profit: $170/contract
BPE: ~$830/contract
BE's: 148.30/191.70