Both of the survivors are derivatives based on the VIX, the implied volatility of the S&P 500 index. Although the implied volatility of each remains above the 50th percentile, the price of each took a dive at the open. Based solely on the chart, the day to trade would have been Friday. I didn't, so the opportunity is past.
I have two potential shares trades using my small lots strategy: ACW and MTX. Both continue to qualify as trades.
By Tim Bovee, Portland, Oregon, Nov. 7, 2016
by Angela Duckworth
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.
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