As it turns out, both companies will publish earnings within days, BBY on Aug. 23 and WMT on Aug. 18, both before opening bell.
Normally, I trade on earnings the day before publication. I failed to notice the scheduled earnings in setting up my trading for today. It counts as an error.
I have placed an order on BBY and shall keep it live today in the hopes of a fill and shall adjust the position as needed as earnings continues to approach. I shall defer my full analysis of WMT until Aug. 17, the day before earnings.
By Tim Bovee, Portland, Oregon, Aug. 15, 2016
by Alex Cuadros |
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References
Tradecraft: Playing the odds to build winning stock market trades from options, a description of how I trade, can be read here.
Small Lots: A new strategy discusses the thinking behind the analysis that identified these trades and can be read here. The symbols noted in this post are intended fortrading on a commission-free platform such as Robinhood Financial.
I can be reached via comments on Private Trader posts or by email at datnillc@gmail.com.
Alerts
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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.License
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Based on a work at www.timbovee.com.
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