Tuesday's Agenda

Of the seven symbols that made it past the early rounds of screening, two failed confirmation by moving back within their 20-day price channels: BMY and BCS.

Two have open interest on options that is too low or maldistributed for use in a trade: KSU and VOYA.

One has an overly wide bid/ask spread: CHTR.

And two have implied volatility that is too low for use in the short-term trading that I do, which relies in part on a collapse in volatility to boost the profit. Those two are CBS and COP.

I plan no further analysis of Monday's price-channel signals.

There was one prospect for an earnings play, the symbol M. However, I couldn't make it work and so passed on the opportunity. Read the analysis here.

-- Tim Bovee, Portland, Oregon, May 12, 2015

References

My volatility trading rules can be read here.

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Disclaimer

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.

License



All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Based on a work at www.timbovee.com.Tss s ss'ss