CNC, at the bottom of the barrel, has no reasonable chance of reaching the 60th, so I'm setting it aside and won't concern myself with it further.
NVDA is within reach of the 60th, if implied volatility raises form the present 51% to 56%. Possible, but not likely. I'll check it as the day goes on and if it reaches the qualifying level, I'll proceed with a full analysis.
-- Tim Bovee, Portland, Oregon, May 12, 2016
by Matt Hall
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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