Wednesday, August 31, 2016

Wednesday's Agenda

I have two prospects for options trades on my desk this morning. CRM, an earnings play, has implied volatility in the 275h percentile of its annual range and so fails to qualify.

KR, a volatility play, has IV in the 54th percentile and so does qualify for further analysis, which I shall post later today.

Turning to shares trades, the three price-channel breakouts --CFFN, GWB and NP -- all reversed and so, as whipsaws, merit no further action.

My Stochastic-RSI signals consist of eight corporate stocks and five exchange-traded fund. My goal is the trade two of the corporates and one fund.

None of the corporates qualify for a trade early in the trading session. I'll check them again later to see if there has been any improvement.

Of the funds, only EPI has a chart sufficiently bullish for my liking, and I shall place a trade this morning.

By Tim Bovee, Portland, Oregon, Aug. 31, 2016

Irrational Exuberance: Revised and Expanded Third Edition
by Robert J. Shiller


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 for trading on a commission-free platform such as Robinhood Financial. See my initial post on the strategy 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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