Implied Volatility Action For Costco

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Sorry no video today but, I am looking at Costco For an earnings play in options. I'll be targeting the 20 delta calls end the week of their earnings and I will be exciting the day of earnings (they accounted after market close). The idea here is that theta decay will be out weighed by implied volatility.

The chart itself is showing strength but, the daily has a potential anti pattern setting up. So knowing when we are incorrect is imperative.

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