Live: Friday, November 10, 2017

11/10 – 3:15 p.m. New York time

Outcomes: I entered an earnings play using options on JD but passed on a similar play on TSN after analysis. I exited three earnings plays using shares: CLMT, ESES and PBYI.

11/10 – 3:00 p.m. New York time

The TSN analysis has been published.

11/10 – 2:40 p.m. New York time

The JD analysis has been published.

11/10 – 2:20 p.m. New York time

The bid/ask spreads on JD and TSN have both narrowed. I’m beginning the full analyses now.

11/10 – 1:20 p.m. New York time

I’ve updated Shares: CLMT, ESES, PBYI with results.

11/10 – 10:25 a.m. New York time

The Zacks algorithm has lowered the positive earnings surprise predictor score for TSN, so any trade or analyze will take a direction-neutral strategy.

Both JD and TSN have developed overly wide bid/ask spreads of 12% and 13%, respectively. My rules require bid/as spreads in the single digits for direction neutral positions.

I shall continue to keep an eye on the two symbols, but unless the spread narrows, then I won’t do a full analysis nor attempt a trade.

I exited my three earnings plays using shares, each for a loss. I shall update the CLMT, ESES and PBYI post with results shortly.

11/9 – 8 p.m. New York time

I have two prospective earnings plays using options: A direction-neutral strategy on JD and bull strategy on TSN. I have no prospects for earnings plays using shares, as is not unusual on Fridays.

The bid/ask spread on TSN is a bit wider than I like; my goal for vertical option spreads is generally no more than 25%. If I can make it work even with the wide spread, then I shall proceed with the options play. If not, then I shall move TSN over to a shares play.

By Tim Bovee, Portland, Oregon, November 9-10, 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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