Friday, April 22, 2016

Friday's Agenda

All of the three prospects on my desk this morning continue to have extremely low implied volatility this morning, so far below my minimum requirement -- volatility at or above the 60th percentile of its most recent range -- that it's not even worth checking during the trading day.

Tradability is out of reach.

A chart of the prospects showing the implied volatility percentile both for the most recent range and fo the past 12 months.

symrange %ileyear %ile

I plan no analysis today and won't open new trades.

-- Tim Bovee, Portland, Oregon, May 22, 2016

The Ascent of Money
by Niall Ferguson


Tradecraft: Playing the odds to build winning stock market trades from options, a description of how I trade, can be read here.

Elliott wave analysis tracks patterns in price movements. StockCharts has a good explainer. The principal practioner of Elliott wave analysis is Robert Prechter at Elliott Wave International. His book, Elliott Wave Principle, is a must-read for people interested in this form of analysis, as is his most recent publication, Visual Guide to Elliott Wave Trading


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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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