Daily Options Brief — April 23, 2026
Camden Signals — Daily Options Brief
April 23, 2026
Market Pulse
Regime: Bull Trend
VIX at 20.0 (50th percentile). SPY $711.21 is 6.5% above the 200-day MA. 100% of stocks above their 50-day MA. Full offense. Bull trend confirmed. V7 scanner active — PUT breakdowns and CALL mean reversions. Standard position sizing.
Top Setups
| Ticker | Score | Stage | Direction |
|---|---|---|---|
| UNH | 100 | EARNINGS_CONT | LONG |
| ON | 95 | BUILDUP | LONG |
| ANET | 94 | BUILDUP | LONG |
| COHU | 92 | SKIP | LONG |
| MRVL | 92 | BUILDUP | LONG |
Earnings Edge
Stocks where options are overpricing the expected earnings move — potential premium selling edge.
| Ticker | Edge | Implied | Avg Move | Contain | Strategy |
|---|---|---|---|---|---|
| RHI | 5.4x | 0.1% | 0.0% | 1% | Sell Premium |
| LRN | 5.2x | 0.0% | 0.0% | 1% | Sell Premium |
| ORLY | 4.6x | 0.0% | 0.0% | 1% | Sell Premium |
Flow Watch
SMMT BULLISH HIGH
SMMT: 3.3x normal options volume (30,707 contracts) Vol: 30,707 3.3x avg
SMMT BULLISH HIGH
SMMT: P/C ratio 0.22:1 — 25,146 calls vs 5,561 puts Vol: 30,707 3.3x avg
ON BULLISH HIGH
ON: P/C ratio 0.25:1 — 18,947 calls vs 4,717 puts Vol: 23,664 1.5x avg
What I'm Watching
ON Score: 95 BUILDUP
Price: $88.99. Entry zone: $86.75–$88.27. TP1: $98.08.
Blocker: none
ANET Score: 94 BUILDUP
Price: $177.73. Entry zone: $172.31–$175.39. TP1: $195.44.
Blocker: none
COHU Score: 92 CONFIRM
Price: $44.88. Entry zone: $43.95–$44.89. TP1: $51.05.
Blocker: LOW_DOLLAR_VOL
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