Tuesday, October 4, 2016

Tuesday's Agenda

The one potential options play coinciding with an earnings announcement, MU, continues to show implied volatility in the 19th percentile of its annual range. I require the 50th percentile or higher, so I'm taking MU off the table for further analysis.

A low annual percentile can be overcome by a high percentile for the most recent range, but MU fails there, as well, with implied volatility in the 33rd percentile of its most recent range.

A price-channel breakout, ABT, has dropped back below the price channel in trading this morning. I'll keep an eye on it during the day but for now, it's not a trade.

See Tuesday's Prospects for last night's screening.

By Tim Bovee, Portland, Oregon, Oct. 4, 2016

The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology
by William Mougayar


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 datnillc@gmail.com.


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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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