Monday's Agenda

HD's bull signal on Friday was accompanied by low implied volatility. I kept it as a prospect on the off chance that volatility might rise. It didn't, and I'm rejecting HD without further analysis.

HD also has low odds of success, and a low-odds, low-volatility play would be a perfect candidate for a time spread, such as a diagonal, or a shares-options combo, such as a covered call. However, I've set that strategy aside for now; the exit rules were unclear and the positions, unproductive.

That leaves no prospects on my desk, and I shall not be entering any new positions today.

-- Tim Bovee, Portland, Oregon, March 14, 2016

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 decision 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.