Manulife Financial Corporation (MFC) announces its quarterly numbers next week where the consensus number is $0.46. This life insurance firm is sttractive because it has excellent financials, a keen valuation and strong earnings growth is expected to return next year. Depending on high implied volatility gets to before the announcement, we may play this stock next week. At present, IV is only around 35% which means there is no real advantage in selling options before the bell.
We like to trade around strong income producing stocks. Many times, we end up holding them for a sustained period of time until such a time where we may sell covered calls against our position. Lets see what the second quarter brings.