Live: Friday, March 24, 2017

3/24 – 3:08 p.m. New York time

I entered positIon on SPY based on a high position within a very narrow range and exited COST for a loss.

I am attempting to exit NKE but it has not yet been filled. If the order should be filled, I shall update the live feed and add results to the analysis after the market close.

3/24 – 11:15 a.m. New York time

I have done the preliminaries to identify potential new positions for next week. The result: None. So it goes in the vast stretch of the doldrums between earnings seasons.

There are 161 symbols publishing earnings next week, and six have average volume of a million shares a day or higher, which is my initial screen for liquidity.

However, all are penny stocks, most worth less than one cent, and so are not tradable under my rules.

I’ll look for high implied volatility unrelated to earnings announcements, but that is a hard search these days, with the VIX running at a relatively low level. In any case, I expect a very slow week.

3/24 – 10:49 a.m. New York time

I have updated my analysis of COST with results.

3/24 – 10:15 a.m. New York time

I have exited my COST position for a loss, getting out early to avoid the growing risk of assignment. I shall update the analysis with results later today.

There are no prospective entries on my desk for Friday.

By Tim Bovee, Portland, Oregon, March 24, 2017