Wednesday, October 28, 2015

Wednesday's Agenda update

In "Wednesday's Agenda" I identified five finalists for analysis, all them in connection with earnings announcements.

I've analyzed RRC, WDC and GNC.

As I approach the last two, MAR and NXPI, I find that that open interest on the options grids has degraded to the point where I can no longer construct a trade.

My goal is for the strike prices I use in a trade to have triple-digit open interest or greater. That's not the case with the last two symbols.

So I'm cutting them from the prospects list. I plan no further analysis of MAR and NXPI.

-- Tim Bovee, Portland, Oregon, Oct. 28, 2015

References

Tradecraft: Playing the odds to build winning stock market trades from options, a description of how I trade, 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 decisions for his or her own account, and take responsibility for the consequences.
License

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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.

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