Live: Thursday, May 25, 2017

8/25 – 2:40 p.m. New York time

It has been a nine-trade day.

I entered four positions, GME, BIG, MRVL and COST.

I exited five positions: MDT, DLTR, HPQNTAP and LOW, each for a profit.

I placed an exit order on CPB this morning, but it appears unlikely to be filled today. I shall leave the order active until the closing bell in the hope that the price moves my way.

8/25 – 1:30 p.m. New York time

My options position on LOW was filled for a profit. The analyses of all five exits so far today have been updated with results.

5/25 – 9:55 a.m. New York time

All four of my prospects continue to have sufficient implied volatility for trading, and I shall analyze them today: GME, BIG, MRVL and COST. MRVL continues to have a weak options grid and is the trade most likely to be rejected. But we shall see.

I exited four trades profitably this morning: MDT, DLTR, HPQ and NTAP. I shall update their analyses with results shortly.

I have placed exit orders on CPB and LOW that have not yet been filled.

5/24 – 8:20 p.m. New York time

I have four prospective trades on my desk for action on Thursday: GME, BIG, MRVL and COST.

COST has the weakest implied volatility, and MRVL has the weakest options grid.

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

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