5/16 – 3:10 p.m. New York time

I entered three positions today: JACK, TGT and URBN.

I exited one: HD.

5/16 – 11:05 am. New York time

My exit order on HD has been filled at $3.67. I shall update the analysis shortly with results.

5/16 – 10:10 a.m. New York time

My three prospects for new positions continue to qualify for further analysis: JACK, TGT and URBN.

SINA, one of Monday’s trades, gapped sharply to the upside and is now in unprofitable territory. The position doesn’t expire until mid-June, so I have some time to play with. Nonetheless, a movement above the $98.84 high in the immediate response to earnings would trigger me to exit the position.

HD is approaching my target price and I have placed an exit order at $3.76, which is 25% of maximum potential profit. It has not yet been filled.

5/15 – 10:20 p.m. New York time

I shall be looking at three potential earnings plays on Tuesday: JACK, TGT and URBN.

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