Tuesday, March 15, 2016

Tuesday's Agenda

ORCL, a potential earnings play, is the sole prospect on my desk today. Implied volatility remains low, at the 50th percentile of its most recent range, and I am rejecting the trade without a full analysis. My guidelines require implied volatility in the 60th percentile or higher.

I shall keep an eye on ORCL during the day and if volatility increases enough to meet my guidelines, then I'll proceed with an analysis.

The MAR series of the options is nearing expiration. Portions of my TSLA iron condor was assigned overnight. Positions on DOW, EMR, and PG are also in the money and nearing expiration.

I shall report on all exits in the Outcomes post near the market close.

-- Tim Bovee, Portland, Oregon, March 15, 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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