Editor's Note:

No new plays tonight. Most of the candidates that look attractive all have earnings coming up in a few days, which wouldn't give us much time.

Something readers may want to consider are more market neutral strategies like straddles and strangles. With the Volatility index down toward 20 the cost of buying options (generally speaking) is cheaper. This is the time of year to try a straddle or strangle strategy with earnings as a catalyst for a sudden move. The trick is finding the right stock that will give us a post-earnings move!

FYI: The low VIX also makes buying protective puts a lot cheaper if you have a long-term portfolio of stocks you'd like to protect.