However, WLP's options grid has low open interest in the double digits or less. I require open interest of 100 or more before I'll trade an options contract.
My interest at this point is entirely in trades that provide the leverage and hedging abilities available through options. Therefore, I'm not proceeding to a full analysis of WLP and won't be trading any signals from Friday's market session.
-- Tim Bovee, Portland, Oregon, Nov. 3, 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. My very short term volatility trading rules 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.License
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Based on a work at www.timbovee.com.