Thursday, October 29, 2015

Thursday's Agenda

Trading signals on Wednesday produced two potential time spreads, BIIB and FITB. The marks that identify such candidates are low historical odds of a bull signal being valid, and low implied volatility in relation to the history of the past year.

BIIB and FITB both fail on implied volatility. In each case it is just a bit too high. I plan no further analysis today of those two symbols.

The market continues to plow through peak earnings season, producing six potential trades coinciding with announcements of financial results.

Three symbols failed screening, however. ABBV and XOM have overly low implied in relation to the past year's history, and MYL has insufficient open interest at strike prices I would need to build a position. I have tossed the three into the Forget-About-It Pile and shall consider them no more today.

Three symbols survived screening: CVX, SBUX and STX. I shall do full analyses on them in order to reach a final decision on a trade.

There is a caveat. We are, as I noted, deep into earnings season and I am heavily committed, with 29 positions on the list going into the day. In other words, my trading resources are running short. I shall proceed with analyses, even if the cupboard of tradable funds is bare.

-- Tim Bovee, Portland, Oregon, Oct. 29, 2015


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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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.

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