It has low odds of success, making it a candidate for a direction neutral trade. The price opened with a higher high but then pulled back to within the range of the prior day's trading.
Two symbols that are publishing earnings after the closing bell met my criteria for further analysis: AA and BBBY.
I'll post analyses of all three symbols during trading hours today.
-- Tim Bovee, Portland, Oregon, April 8, 2015
My volatility trading rules can be read here.
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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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