Of 501 large-cap stocks and exchange-traded funds in my analytical universe, none meet my criteria for further consideration as volatility options plays.
There is one prospect for a volatility trade coinciding with an earnings announcement.
Out of 949 symbols put through Turtle Trading analysis, none both broke beyond the upper boundary of its 20-day price channel and has a bullish rating from Zacks Investment Research and so are disqualified from small-lot trades.
Out of 238 potential earnings plays, four qualify for small-lot trades because they have a bullish Zacks rating and a positive Zacks Investment Research earnings surprise predictor.
I shall do further analysis of trades on Wednesday, July 27.
The next earnings season began on July 11 and will last for six weeks, through Aug. 19.
by Antonio Garcia Martinez |
Volatility: Symbols meeting implied volatility criteria
IV qualifies
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Qualifies, In portfolio
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Volatility: Potential trades keyed to events
The dates are those of the events, all of them earns announcements. Events prior to the opening bell are marked "am", during the trading day "mid", and after the closing bell "pm".
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Small Lots: Turtle trading bull signals
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Small Lots: Earnings plays
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FB publishes earnings after the closing bell on Wednesday. Implied volatility now stands at the 40th percentile of its one-year range, too low to meet my standards for volatility plays. If it should rise to the 50th percentile or greater then I would give it further consideration.
-- Tim Bovee, Portland, Oregon, July 26, 2016
References
Tradecraft: Playing the odds to build winning stock market trades from options, a description of how I trade, can be read here.
Small Lots: A new strategy discusses the thinking behind the analysis that identified these trades and can be read here. The symbols noted in this post are intended fortrading on a commission-free platform such as Robinhood Financial.
I can be reached via comments on Private Trader posts or by email at datnillc@gmail.com.
Alerts
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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
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Based on a work at www.timbovee.com.
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