Wednesday, September 7, 2016

Thursday's Prospects

Screening of the Wednesday, Sept. 7 markets identified five prospective trades out of the two datasets and four strategies that I'm using.

This week, for options trading, I reviewed nearly 500 symbols in my large-cap stocks and exchange-traded funds, and for share trading, I reviewed nearly 1,000 symbols of stocks and funds of all capitalizations. For both I reviewed 77 companies publishing earnings.

I use four strategies in my trading, in response to trading signals (such as breakouts above the 20-day price channel), high implied options volatility, and persistently rising trends on a charts signaled by the stochastic-relative strength index indicator, and in anticipation of events ( such as earnings announcements).

 options  shares 
price channelN/A3
I shall make final trading decisions on Thursday, Sept. 8.

Misbehaving: The Making of Behavioral Economics
by Richard H. Thaler

Below are the candidates for analysis for each cell of the quadrant.

Options: Earnings

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".

Thursday pm
Friday am

Shares:  Price Channel


Shares: Stochastic-RSI



The next earnings season begin in mid-October.

I analyzed KR as a potential earnings play on Wednesday and rejected it because the risk was two high for the potential profit. I shall check it again on Thursday and will update the analysis if conditions change sufficiently to make it an attractive trade.

My experimental small-lots shares account is almost fully committed. I may be able to squeeze two small trades out of what's left, unless I have an opportunity to exit some of my current positions.

-- Tim Bovee, Portland, Oregon, Sept. 7, 2016


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


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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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