Wednesday, May 4, 2016

Wednesday's Agenda

One of the three prospects on my desk this morning has sufficiently high implied volatility to support a trade.

I shall post a full analysis of WFM shortly.

The other two, BABA and MRK, have implied volatility that remains well below my standard -- the 60th percentile or greater of the most recent range -- and are unlikely to improve sufficiently to during the day to warrant further action.

A chart of symbols and their implied volatility:

symrange %ile

-- Tim Bovee, Portland, Oregon, May 4, 2016

The Third Wave: An Entrepreneur’s Vision of the Future
by Steve Case


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

I can be reached via comments on Private Trader posts or by email at


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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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