Tuesday’s Prospects

My lone prospect for the day, an earnings play on TJX, remains deficient in implied volatility early in the trading day. I shall do an analysis and possibly a trade if it improves; otherwise, not.

TJX shows implied volatility in the 40th percentile of the annual range and in the 48th of the most recent broad movement. IV for the recent range is within reach, but it needs to be at or above the 50th percentile before I can act on it.

I am attempting an exit of BP at my target price of 25% of maximum potential profit.

By Tim Bovee, Portland, Oregon, Feb. 21, 2017


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