For Traders who don't want to trade covered calls or puts on stocks during earnings season, DIA and XLE may be good alternative options trades for options premium income
I sold NEM 1.27.23 (18 days) $47 strike puts (delta -.10, OTM probability 88.4%, IV 37.11% for $0.22/share. RoR 0.42%; ARoR 8.514%. Earnings report is 2.23.22. Ex dividend 3.7.23; yield on $46.78 net debit would be 4.681% if the puts are assigned, which appears unlikely at the moment. I sold NEM last week when it was called. The market is closing weak so I won't do any more trades today.
I sold NEM 1.27.23 (18 days) $47 strike puts (delta -.10, OTM probability 88.4%, IV 37.11% for $0.22/share. RoR 0.42%; ARoR 8.514%. Earnings report is 2.23.22. Ex dividend 3.7.23; yield on $46.78 net debit would be 4.681% if the puts are assigned, which appears unlikely at the moment. I sold NEM last week when it was called. The market is closing weak so I won't do any more trades today.