Monday, November 7, 2016

Monday's Agenda

Six prospective options plays are on my desk this morning. Only two of them continue to qualify for further analysis as volatility plays, UVXY and VXX.

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

Grit: The Power of Passion and Perseverance
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.

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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