Boston Scientific is oversold on the daily chart, but not the weekly. I don't care for this one as much as most of the others. This is more of a wild-card play. The best trade appears to be the $4 September calls for $1.03. My profit target is 65 cents or close out on option expiration date. SWY data by YCharts Safeway (SWY)Background: Safeway is a food and drug retailer and trades an average of 12.2 million shares per day with a market cap of $3.6 billion. 52-week range: $15.26 to 22.95 Shares have fallen 26.2% in the last year, and the average analyst target price for Safeway is $19.75. Investors are receiving 70 cents in dividends for a yield of 4.59%. In the last month the stock has fallen 11.8%. The last date Safeway released earnings was June 19, 2012, and the closing price before earnings was $15.80. Based on a recent price of $15.05, shares are down 0.3%. Safeway is oversold on the daily chart and the odds of a retest of $15.60+ is high enough to justify an make Safeway a bounce candidate. I like the September $14 put during the next few trading days for 45 cents or more. My profit target is 35 cents or close out on option expiration date. ACI data by YCharts Arch Coal (ACI)Background: Arch Coal is engaged in the mining of coal and trades an average of 12.7 million shares per day with a market cap of $1.1 billion. 52-week range: $5.54 to $28.30 Earnings are expected before the market opens Friday. The consensus estimate is currently a loss of 18 cents a share, a decline of 62 cents from the corresponding period last year. Shares have fallen 79.7% in the last year, and the average analyst target price for ACI is $10.58. Investors are receiving 12 cents in dividends for a yield of 2.17%. Arch Coal is oversold on the daily and weekly charts. Earnings makes it a little tough but I like the September $5 put during the next few trading days for about 65 cents or more. My profit target is 55 cents or close out on option expiration date.