Wednesday, July 23, 2014

Wednesday's Prospects: Round 2

The sole survivor of my first round of analysis was SVM, on the small-cap prospects list. SVM has failed to make it past my second round of analysis, leaving me with no new trades off of the prospects list.

SVM failed for the most common of reasons: It was a potential bear play, and while its options have open interest in the four figures on a few strikes, the front-month at-the money bid/ask spread on puts is 250%, way too wide for my purposes.

I prefer spreads that are in the single digits.

See "Wednesday's Prospects" for a full description of my first round of analysis.

-- Tim Bovee, Portland, Oregon, July 23, 2014


My shorter-term trading rules can be read here. My longer-term trading rules can be read here. And the classic Turtle Trading rules on which my rules are based can be read here.

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.

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