I had three prospective trades on my desk this morning: HTZ, QVCA and TGT, having rejected three other as being sufficiently liquid but with low implied volatility relative to their annual and most recent ranges.
What a difference a weekend makes!
Two of the rejects have seen their implied volatility rise to a level where they deserve a full analysis, and perhaps trades.
So in addition to the three, I’ll also be looking at IONS and OKE, for a total of five analyses.
I am attempting to exit BP at my target price but the order has yet to be filled.
By Tim Bovee, Portland, Oregon, Feb. 27, 2017