Cheap volatility plus some explosive earnings reports have created opportunities in the options market this quarter—a 'buy the rumor, sell the news' kind of strategy.
Every pundits favorite stock, Apple rocked its quarter Tuesday, sending the stock up over 6.2 percent and trading well over a quarter of a million "weekly" calls on Wednesday, according to Think or Swim data.
But what if a stock doesn't react to earnings, and trades basically unchanged, with low volatility? Enter Yahoo and the counter-trade.