Live: Wednesday, October 18, 2017

10/18 – 3:10 p.m. New York time

I analyzed two symbols as potential new positions but rejected both: AXP and VZ. I exited IBM and JNJ, each for a loss.

10/18 – 2:35 p.m. New York time

I have decline to trade VZ because of low implied volatility in relation to the most recent range.

10/18 – 2:25 p.m. New York time

After analysis, I have declined to trade AXP on grounds of profit-zone coverage and bid/ask spread.

10/18 – 1 p.m. New York time

I have updated the IBM and JNJ analyses with results.

10/18 – 10 a.m. New York time

I have exited IBM and JNJ, each for a loss, after wide post-earnings moves.

As for new positions, the bid/ask spread has widened significantly on AXP to an unacceptable level. VZ has narrowed to within my standards. I shall make a final decision about how to proceed late in the day.

10/17 – 8:40 p.m. New York time

I have one prospective earnings play for analysis on Wednesday: AXP. Its bid/ask spread is borderline acceptable, but I shall do the analysis and see how it looks.

VZ was on the list but it has a bid/ask spread well in excess of my standard, which is 10% or less. The trial VZ position I set up has  spread of 13%. I shall check it again on Wednesday but plan no analysis at this point.

By Tim Bovee, Portland, Oregon, October 17-18, 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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