Monday, May 2, 2016

Monday's Agenda

None of the seven symbols on my desk this morning qualifies for further analysis. All but one, MYL,have implied volatility too low to meet my standards. MYL has insufficient open interest to support a trade.

So I'm rejecting the seven without further analysis. I shall keep an eye on MYL during the day, and in the unlikely event that its open interest improves, then I'll reconsider my decision.

A table of prospects with their implied volatility expressed as a percentile of their most recent ranges.

symrange %ile

-- Tim Bovee, Portland, Oregon, May 2, 2016

Shoe Dog: A Memoir by the Creator of Nike
by Phil Knight


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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