I'm rejecting GDXJ, TBT and TLT as potential volatility plays because of the specialized nature of their underlyings: GDXJ is gold, and both TBT and TLT are long-term U.S. Treasuries, both of which are responding to political events in the wake of the U.S. elections. Stocks, by contrast, are a more complex arena.
All of my shares prospects pulled back today, disqualifying them from further consideration.
I noted C, along with FXE, as trades I would look at as a results of trades posted on the education site Dough, which I will be tracking as a learning project.
I'm rejecting C because the rationale for the trade was based on political events. I'm all about the calculable odds, something generally beyond the grasp of politics.
FXE, as I noted above, is still of interest, and I shall post a full analysis soon using a changed format.
I shall look at trades posted today on Dough and analyze them as warranted.
See Monday's Prospects for more.
By Tim Bovee, Portland, Oregon, Nov. 28, 2016
by Robert B. Reich |
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 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.License
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Based on a work at www.timbovee.com.
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