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[VKOptions]

Hi,

Wanted to ask about whether it is good to buy just CALL options on SPY(1 week expiration) say on Friday(which expires following week's Friday) and the following week is filled with earnings report announcement of SPY major components like AAPL, MSFT, AMZN, Fb etc. ?

My Analysis:

Since i checked the estimated EPS on these major components and they have beaten the estimates + these companies have been delivering record earnings if not record but atleast good earnings to beat analyst estimates(atleast AAPL). So if these companies are reporting the earnings is it wise to buy just single CALL option as mentioned above rather than a straddle(this is standard strategy for earnings)?



Confirming Understanding on Implied Volatility:

Standard options definition is higher the Implied volatilty higher the option pricing. But when i draw Implied volatility of say SPY on chart i see whenever volatilty is high(say VIX > 27 or so) the SPY tanks and whenever Implied Volatility is low(say VIX < 22 or so) SPY goes up. So will it be good to say just in case of SPY that high implied volatility meaning best to buy PUTS and low implied volatility meaning best to buy CALLS?



Apologies for big post.

Thanks in advance

VKOptions.