Thursday, March 26, 2015

Thursday's Finalists

Of 13 symbols under consideration today, one -- KRFT -- produced a trading signal on news of a merger. The other 12 symbols have options grids that are insufficiently liquid to support a leveraged and hedged position. (See "Thursday's Prospects" for the early rounds of screening.)

One of the potential volatility plays timed to coincide with earnings had no place on the list. CCL lacks Weeklys among its options, and so any position would be further away from expiration than I prefer.

The other potential volatility play, GME, met my criteria, and I have opened a position. See the analysis, "GME: Iron condor, volatility rules".

-- Tim Bovee, Portland, Oregon, March 26, 2015


My price channel trading rules can be read here. My long-term share trading rules can be read here.  My volatility trading rules can be read here. The channel rules are based on the classic Turtle Trading rules, which can be read here.

Elliott wave analysis tracks patterns in price movements. The principal practitioner of Elliott wave analysis is Robert Prechter at Elliott Wave International. His book, Elliott Wave Principle, is a must-read for people interested in this form of analysis, as is his most recent publication, Visual Guide to Elliott Wave Trading

Several web sites summarize Elliott wave theory, among them, Investopedia, StockCharts and Wikipedia.


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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.

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Based on a work at s ss'ss

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