Monday, July 25, 2016

Tuesday's Prospects

On Monday, July :

Of 501 large-cap stocks and exchange-traded funds in my analytical universe, one meets my criteria for further consideration.

There is one prospect for a trade coinciding with an earnings announcements.

I shall do post prospects for small lot trades separately, under the title Small Lots. The approach was discussed in my post of July 25, Small Lots Trades: A new strategy.

I shall do further analysis of options trades on Tuesday, July 26.

The next earnings season began on July 11 and will last for six weeks, through Aug. 19.

The First Crash: Lessons from the South Sea Bubble
by Richard Dale

Symbols meeting or close to meeting implied volatility criteria

IV qualifies


In portfolio

Potential trades keyed to events

The dates are those of the events, all of them earns announcements. Events prior to the opening bell are marked "am", during the trading day "mid", and after the closing bell "pm".

Tuesday pm
Wednesday am


AAPL in the events setion has extremely low implied volatility. Unless it rises during trading tomorrow, the symbol will be disqualified from further analysis.

actionsymearns dateam/mid/pmIV percentile


The stocks in my analytical universe all have analyst coverage through the stock-ranking company Zacks Investment Research. Not all of the exchange-traded funds are so covered.

I screen for 1) suitability of the options grid, including open interest of three figures or greater on the strike prices I would need to use to build a position and 2) the absence of an earnings announcement within the lifespan of the like options series I would trade, 3) implied volatility in the 50th percentile or greater of its annual range, 4) average volume of 3 million shares a day or greater, and 5) a price of $20 or greater.

-- Tim Bovee, Portland, Oregon, July 25, 2016


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

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 decision decisions for his or her own account, and take responsibility for the consequences.

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