Live: Tuesday, November 28, 2017

11/28 – 3:25 p.m. New York time

I entered an options position on ADSK and shares positions on GLNG and PSTG timed to coincide with earnings announcements. I analyzed MRVL as an options-based earnings play but declined to take the trade.

11/28 – 3:05 pm. New York time

I have entered shares positions in GLNG and PSTG.

11/28 – 2:45 p.m. New York time

MRVL Analysis posted.

11/28 – 2:25 p.m. New York time

ADSK Analysis posted.

11/28 – 9:45 a.m. New York time

In today’s agenda, I shall analyze ADSK and MRVL as earnings plays using options, structuring ADSK as a bull put spread and MRVL as an iron fly. I’ll be trading two symbols as earnings plays using long shares: GLNG and PSTG.

I have no exits on the agenda today, although that an change as a session progresses.

None of the other symbols I considered, discussed below, has improved with the opening bell. I shall give them one more check later in the session, but unless something changes, they will be off the table for today.

11/27 – 10 p.m. New York time

I’m looking at two prospective earnings plays using options, ADSK and MRVL, and two using shares, GLNG and PSTG.

The potential options trade TIF is not qualified for a further look because it has a positive score on Zacks earnings surprise predictor, but a bearish trend on the directional indicators, and a low average directional index, which indicates the lack of a trend. Too many inconsistencies for my taste. I shall check it again on Tuesday to see if there have been changes.

I have passed on four potential shares trades because of metrics that aren’t bullish: NUAN and OOMA because of a low average directional indicator, showing the lack of a trend, OCSL because of bearish directional indicators, and RY because of a bearish Zacks rank and the lack of a trend. If those flaws should change, then I’ll consider adding them to the prospects pool.

By Tim Bovee, Portland, Oregon, November 27-28, 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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