Wednesday's Outcomes: GM, PEP

I've opened a bull position in GM as a volatility play keyed to its earnings release before the opening bell on Thursday. See today's updated post "GM: Volatility play" for details.

I exited my bear position in PEP as it moved above my breakeven point and have moved it to the Roll Shelf, awaiting a turn back to the downside. See the update to my Oct. 16 analysis, "PEP: The world turned upside down".

References

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. My volatility trading rules can be read here.

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



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.