That's a lot of trades for a single day, just in the time required for analysis and the clumping that harms time diversification.
Moreover, we're now deep in earnings season, and my resources are almost fully committed. Most of my holdings don't expire until Nov. 20, although I'm exiting positions from that batch as soon as they meet my criteria.
This agenda will line up the day's analyses according to my normal, routine screening. However, I shall be finding ways during the day to further cull the herd according to criteria that I don't always use.
EBAY, LVS, KMI, SNDK, MCD, LLY, CAT, LRCX and UA are candidates for further analysis.
DOW, LUV, AXP and UAL each has implied volatility below the 50th percentile of its 12-month range and so won't be analyzed further.
I'll post separately about the culling process later in the day.
-- Tim Bovee, Portland, Oregon, Oct. 21, 2015
References
Tradecraft: Playing the odds to build winning stock market trades from options, a description of how I trade, can be read here.
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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.
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