Friday, April 15, 2016

Friday's Agenda

Half an hour into the trading day all three of my prospects fall short of passing final screening, all for the same reason: Low implied volatility relative to their most recent range.

HAS is at the 52nd percentile of its range, PEP the 8th percentile and RCL the 49th percentile.

Both HAS and RCL are close enough to my 60th percentile minimum that each could conceivably meet that standard before the trading day is over.

In addition, HAS has open interest that is lower than I like at strike prices important to building a trade.

If HAS or RCL meet the minimum standards during trading today then I'll do a full analysis. (PEP's implied volatility is so low that there is little hope that it will come up to snuff.)

Otherwise, I shall do no analysis and enter no new positions today.

-- Tim Bovee, Portland, Oregon, April 15, 2016

A book from my library →


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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