Friday, October 7, 2016

Friday's Agenda

None of the nine prospects for further analysis today continues to qualify.

The market pulled back broadly after the unemployment rate came in slightly higher than expected. That knocked the small-lots shares prospects out of contention, since the no-fee platform I use, Robin Hood Markets, doesn't provide short-selling.

Both options volatility plays saw volatility fall below the 50th percentile of its annual range.

One of the options prospects was TWTR, whose price gapped down at the open by 23% after expected acquisition offers were taken off the table. Implied volatility fell by only 3.1 perentage points, but that put it below my 50th percentile cutoff point.

I don't anticipate opening any new positions today.

See Friday's Prospects for a list of symbols under consideration this morning.

By Tim Bovee, Portland, Oregon, Oct. 7, 2016

Power Scalper - Day Trade for a Living: Make Living Day Trading
by Jerome E. Bressert


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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