Brian Stutland, contributor to CNBC’s Options Action shown on Fridays, analyzes the trading volume pattern of the past four months. He recommends to Yum Tech Option play for the coming earning season.
YUM is a little lofty, but with the depreciation of dollar and its footprint in China, Brian is still bullish and recommends a risk reversal play-buy the Nov 50 call and sell the Nov 45 put, collecting 10 cents.
Brian will like to sell the SNY put to play with SNY’s LBO of GENZ rumor,taking advantage of his bullish view on SNY and the elevated skew level.
Brian on CNBC Options Action
Want to know what’s the expected move for AAPL,AMZN,GOOG,QCOM for their earning by the option markets? Check out this video: