Live: Friday, July 14, 2017

7/14 – 3:45 p.m.

Exited WFC. Results posted.

7/14 – 3 p.m. New York time

Outcomes: I entered four new positions, on CSX, HOG, IBM and NFLX.

I exited four positions, on C, JPMKBH and XRT.

I analyzed JNJ and USB but declined to take the trades.

7/14 – 10;15 a.m. New York time

More exits: XRT and C.

7/14 – 9:45 a.m. New York time

All six of my prospects — they are all early trades on companies that publish earnings next week — continue to qualify for further analysis. They are CSX, HOG, IBM, JNJ, NFLX and USB..

I have exited KBH for a profit, although below my target.

7/13 – 10:25 p.m. New York time

I’ve added three more prospects for early handling on Friday. CSX and IBM publish earnings on Tuesday after the closing bell, and USB publishes on Wednesday before the opening bell.

7/13 – 9:30 p.m. New York time

I have no prospects for action on on Friday who’s earnings announcements happen either after the closing bell that day or before the opening bell the next.

However, I will be analyzing prospects that publish earnings next week, with an eye toward opening positions with a greater lead time than I usually allow.

The reason is that I am traveling to East Asia next week and shall remain there for two weeks plus change. My travel day is Wednesday, U.S. time, so I shall need to get trades locked in by Tuesday that have normal action days of July 20 or earlier (again, U.S. time)

With the flood of earnings season poised to descend, I shall again tighten my standards in order to avoid committing funds to marginal trades. I shall require that implied volatility relative to both the current trend and the annual range be at the 50th percentile or higher, that weekly options be available for trading in order to provide a sufficiently close expiration date, and that the options grid provide selection of strike prices and liquidity that perfectly meets my needs.

Among prospects with a July 17 action date, I shall be analyzing NFLX and JNJ, which publish earnings on July 18 before the opening bell, and HOG, which publishes after the closing bell on July 17.

By Tim Bovee, Portland, Oregon, July 13-14, 2017


Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

Creative Commons License

All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Based on a work at