Live: Thursday, October 19, 2017

10/19 – 2:50 p.m. New York time

I have declined all potential trades without subjecting them to full analysis.

ATHN and ETFC have overly wide bid/ask spreads. HON and KSU have wide intervals on their options grids that put the at-the-money points over far from the nearest strike prices.

I exited DAL for a profit.

10/19 – 1:20 p.m. New York time

DAL results posted.

10/19 – 11:45 a.m. New York time 

Exited DAL for a profit.

10/19 – 10:25 a.m. New York time

Bid/ask spreads on both ETFC and KSU have widened, lessening the chances that I’ll take the trade. ATHN remains disqualified because its bid/ask spread is too wide, and implied volatility remains low for HON, although it has improved from yesterday.

I shall check all four for improvement during the day, but none meet my trading standards at this point.

An existing position, a directional play on DAL, is close to my profit target, and I have entered an order to exit the position. It has not yet been filled.

10/18 – 9:15 p.m. New York time

I have two prospects on my desk for Thursday: ETFC and KSU. Each has sufficiently high implied volatility within the most recent range to justify further analysis, although both are low within the annual range.

I have for now rejected two other symbols without full analysis: ATHN because of a high bid/ask spread and HON because of low implied volatility both for the year and for the most recent range. I shall check both on Thursday to see if they have met my standards.

By Tim Bovee, Portland, Oregon, October 18-19, 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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