Live: Monday, May 8, 2017

5/8 – 3:30 p.m. New York time

I entered new positions on OAS and P timed to coincide with earnings, and exited my position on AMD for a loss.

I attempted an exit of KRE, but the order has not yet been filled and I don’t expect it to be. I shall post an update if it should be filled by the closing bell.

I analyzed PAA but declined to take the trade, and

5/8 – 9:25 a.m. New York time

Today’s prospects — OAS P and PAA — continue to qualify for further analysis.

I have exited AMD for a loss at $2.15 per contract and shall update the analysis with results shortly.

I have entered an order to exit KRE at $2.61 per contract that has so far not been filled.

5/7 – 10 a.m. New York time

I’m looking at three prospective earnings plays for action on Monday: OAS, P and PAA. Each has marginally acceptable open interest on strike prices that I would use in structuring a trade, but liquidity measures can improve quickly so I still consider them to be live possibilities.

By Tim Bovee, Portland, Oregon, May 7-8, 2017