9/2 – 4:55 p.m. New York time
I analyzed RIG but declined to take the trade.
An exit order on ADM was filled. I’m catching a flight back to the United States shortly, so I shall defer posting the full results until my arrival in Portland, Oregon on Thursday after the closing bell. I can say now that the exit was at my target, about 25% of maximum potential profit, which produces a yield on debit of about 33%.
8/1 – 10:55 p.m. New York time
A slight change in plans: I shall analyze RIG on Wednesday as a potential earnings play.
By Tim Bovee, Fukuoka, Japan, Aug. 1-2, 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.
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