Friday, February 5, 2016

Friday's Agenda

I have one prospect before me this morning: FAST, a price-channel breakout with a profile allowing a direction-neutral trade -- a short iron condor.

However, open interest this morning is in the single digits on call side for strike price regions that I need to build my trade. My minimum liquidity requirement is triple-digit open interest.

Therefore, I am rejecting the trade without further analysis.

-- Tim Bovee, Portland, Oregon, Feb. 5, 2016


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 decision decisions for his or her own account, and take responsibility for the consequences.

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