Live: Monday, May 1, 2017

5/1 – 3:25 p.m. New York time

I completed five trades today, entering one position, AMD, and rejecting one after analysis, PFE.

I exited four positions: ABTCATINTC and X,

5/1 – 1:40 p.m. New York time

My exit order on X has been filled, ending my holdings of options expiring on Friday. My exit order on ABT, which expires May 19, has also been filled.

5/1 – 12:05 p.m. New York time

My exit order on INTC has been filled.

5/1 – 11:05 a.m. New York time

My exit order on CAT has been filled.

5/1 – 10:00 a.m. New York time

My two prospects for the day — AMD and PFE — continue to qualify as potential trades, and I shall post analyses later today.

I am beginning the work of clearing out my holdings that trade for the last day on May 5. To that end, I have placed exit orders on ABT, CAT, INTC and X. None have yet been filled.

4/30 – 10:20 a.m. New York time

I have two prospective earnings plays in mind for Monday: AMD and PFE. Both meet my standards for liquidity, and both have sufficiently  high implied volatility relative to their most recent broad moves. AMD is also above the 50th percentile of its annual range, although PFE’s is not.

By Tim Bovee, Portland, Oregon, April 30-May 1, 2017