Live: Tuesday, June 20, 2017

6/20 – 3:35 p.m. New York time

I entered seven new positions today. Four were earnings plays: ADBE, FDX, RHT and WGO. Three were direction neutral plays with high implied volatility: MSFT, NFLX and NVDA

6/20 – 10:30 a.m. New York time

My prospects have held up well in early trading. The four earnings plays — ADBE, FDX, RHT and WGO — continue to qualify for further analysis, as do the four direction-neutral trades with high implied volatility: FB, NFLX, MSFT and NVDA. A high-volatility symbol, XOP, has improved sufficiently to be added to the list of prospects.

My plan is to look at all four of the four earnings today and to pick from the high-volatility prospects, beginning with the highest multiples of the VIX: NFLX and XOP, and then working my way down the list as time permits.

6/19 – 9:55 p.m. New York time

I have four potential earnings plays on my desk for action on Tuesday: ADBE, FDX, RHT and WGO. The options grid on RHT is a bit marginal in terms of my standards, but I shall try to make it work.

The four are in addition to four possible direction neutral plays: FB, NFLX, MSFT and NVDA. Two others, XOP and KRE, are possibilities, although their implied volatilities are less attractive.

By Tim Bovee, Portland, Oregon, June 19-20, 2017

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