Live: Wednesday, Sept. 6, 2017

9/6 – 3:10 p.m. New York time

As I anticipated last night, none of the possibleearnings plays that turned up under my preliminary screening are worth a full analysis, and I found nothing else worth trading.

The two possibilities — I won’t dignify them as prospects — are HDS and HPE.

Both have grids that center poorly around the at-the-money point, making it difficult to use my preferred iron fly tactic, and both have betas noticeably in excess of the S&P 500. In addition, HDS has  high earnings surprise predictor score from Zacks Investment Research. All in all, both look to have a somewhat high likelihood of ending with a loss.

9/5 – 7:30 p.m. New York time

I have no earnings plays on my desk for analysis on Wednesday. I shall look around for exchange-traded fund trades worth analyzing, with no guarantee of finding any.

By Tim Bovee, Portland, Oregon, Sept. 5-6, 2017

Disclaimer

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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Based on a work at www.timbovee.com.