Live: Thursday, March 16, 2017

3/16 – 3:20 p.m. New York time

No trades today. I’m attempting to exit CIEN at my target price and shall update this afternoon if the trade goes through before the closing bell.

3/16 – 10:45 a.m. New York time

I am again attempting an exit of CIEN.

ADBE’s implied volatility still remains too low for a trade. I shall keep it under observation in case it rises, but for now, no analysis.

3/15 – 6:10 p.m. New York time

I have no prospective trades for Thursday.

The one earnings play meeting my liquidity requirements — ADBE — has implied volatility below the midpoint of the high/low for the year and also within the most recent broad move. I’ll keep an eye on ADBE during the trading day and move it to active if the IV rises sufficiently.

By Tim Bovee, Portland, Oregon, March 15-16, 2017