Live: Tuesday, April 25, 2017

4/25 – 3:15 p.m. New York time

I entered a position on T and also on X, which I reinstated to the prospects list after its implied volatility improved during the day.

I exited RF and UAL for profits and FXE for a loss.

I analyzed CREE for entry but declined to take the trade.

4/25 – 11:05 a.m. New York time

I exited UAL and have updated the analysis with results.

4/25 – 9:55 a.m. New York time

Of the three prospects on my desk this morning, two continue to meet my implied volatility: CREE and T. I shall post analyses of both today.

The third prospect, X, has fallen below my standards for implied volatility and is no longer under consideration.

I exited my position on RF this morning and shall update the analysis with results.

I am attempting to exit HOG and UAL at my target prices.

I’m attempting to roll FXE forward to a later expiration; this position was a play on the French presidential election, and the markets reacted more exuberantly than I expected, so I to gain time for traders to of the Euro to return to their normal cynicism.

4/24 – 8:35 p.m. New York time

I have three prospects on my desk for action on Tuesday: CREE, T and X. All are potential earnings plays.

By Tim Bovee, Portland, Oregon, April 24-25, 2017