Friday's Prospects

Screening of the Thursday, Nov. 17 markets identified 10 prospective trades.

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 channel	N/A	N/A
earnings	1	2
volatility	3	N/A
stochastic-rsi	N/A	4

I shall make final trading decisions on Friday, Nov. 18.

Makers and Takers: The Rise of Finance and the Fall of American Business by Rana Foroohar

Below are the candidates for analysis for each type of analysis.

Options:Earnings

TSN

Shares:Earnings

NM

PRQR

Options:Volatility

TLT

XLU

GDXJ

Shares:Stochastic-RSI-80

BAC

LVS

MPEL

MS

Notes

The current earnings season began on Oct. 11 with AA's release of earnings and is winding down, coming to an official end on Nov. 22.

I shall discard the Options:Volatility prospects in order to leave funds free for earnings plays.

-- Tim Bovee, Portland, Oregon, Nov. 17, 2016

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.

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Disclaimer

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



All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Based on a work at www.timbovee.com.