Live: Thursday, November 9, 2017

11/9 – 3:15 p.m. New York time

I entered three earnings plays using shares — CLMT, ESES and PBYI — and exited one, ANDV, for a loss. I analyzed NVDA but declined to take the trade, reflecting upon the virtue of trading small.

11/9 – 2:55 p.m. New York time

I have entered three earnings plays using shares: PBYI, CLMT and ESES.

11/9 – 1:50 p.m. New York time

I have posted the NVDA analysis.

11/9 – 10:40 a.m. New York time

NVDA continues to qualify for trading using options and I shall post a full analysis today. However, I don’t plan to make the trade. The high price of the stock means I would need to dedicate a higher portion of my funds to the trade than my standards allow. So form my standpoint, this will be for exercise only.

I have three earnings plays using shares on my agenda today: PBYI, CLMT and ESES. I have removed CAA from my list as its Zacks earnings surprise predictor turned negative.

I have exited ANDV for a loss and shall update the Shares post shortly.

11/8 – 8:00 p.m. New York time

I have one prospective options analysis for Thursday coinciding with an earnings announcement: NVDA. The question is whether it will be a directional or non-directional structure, and that will in turn depend upon the Zacks earnings supply predictor, which has moved from highly likely to only slightly slow.

Of the other potentials, BRFS and MT have implied volatility under the 50th percentile of the year’s range, DIS and JCP have bearish Zacks scores, and JWN has a negative earnings surprise predictor. Each metric is disqualifying from further analysis, but the metrics are volatile, so I shall be keeping an eye on all potentials and make a final decision on Thursday.

Four earnings plays using shares are on my prospects list: PBYI, CAA, CLMT and ESES.

I intend to exit a shares position coinciding with an earnings announcement: ANDV.

Also, my longer-term Elliott wave trades have become unprofitable. Although they don’t expire until mid-December and mid-January, I shall do an assessment of what should be done with them. The symbols are FXE, SPY and TLT.

By Tim Bovee, Portland, Oregon, November 8-9, 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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