Wednesday’s Agenda

Two of my prospects, RRC and TSLA, have sufficiently high implied volatility to qualify for further analysis and possibly trades.

Their APR-series options are trading for the first time today. Although open interest remains lower than I like, I shall bend the rules to open a trade, given the rapid growth of options liquidity for the series.

The third prospect, LB, has IV that remains a bit short of where it needs to be to support a trade. I’ll continue to monitor it during the day, but if IV is unimproved, then I won’t do further analysis.

By Tim Bovee, Portland, Oregon, Feb. 22, 2017