Live: Tuesday-Wednesday, Jan. 2-3, 2018

1/3 – 3:10 p.m. New York time

I entered shares positions on RPM and WBA, and exited no positions. I analyzed MON and WBA as options positions but declined the trades.

1/3 – 3 p.m. New York time

Shares: RPM, WBA posted

1/3 – 2:40 p.m. New York time

WBA analysis posted.

1/3 – 2:10 p.m. New York time

MON analysis posted.

1/3 – 10:10 a.m. New York time

I have three symbols on my agenda day: Earnings plays using options on MON and WBA and one using shares on RPM.

I have been watching for an opportunity to roll forward my bear position on FXE. The price fell in Tuesday’s trading, setting $116.20 as the near-term peak. I shall use that as a basis in deciding when to roll.

1/2 – 8:30 p.m. New York time

I have two prospects for action on Wednesday on earnings plays using options, MON and WBA, and none for shares.

A potential shares trade, RPM, has a high positive surprise probability but has a low average directional index (ADX), meaning it isn’t trending. Given the magnitude of the  surprise metric, I may go ahead and trade it, despite the lack of a trend.

As of Tuesday’s lose, two potential earnings plays using shares lack prospects for an earnings surprise: ANGO and LW. ANGO is also non-trending. If Zacks overnight run of its earnings surprise predictor (ESP) returns a positive earnings surprise prediction, then LW returns as a prospect. ANGO needs both a positive earnings surprise indicator and an upside trending move to be eligible for trading.

1/2 – 11:35 a.m. New York time

I continued to have no prospective new positions for action on Tuesday. No trades.

12/31 – 10 a.m. New York time

Correction: MON, WBA and LW are prospects for action on Wednesday. I have no prospective new positions for Tuesday.

The markets will be closed on Monday for New Year’s Day.

I have no prospective trades for Tuesday, except — perhaps — for a roll forward of my losing position on FXE.

I have two prospective earnings plays using options for action on Wednesday, MON and WBA, and one using shares, LW.

Two other shares trades have disqualifying metrics, and I shall keep them off the prospects list unless they improve. They are ANGO and RPM, both of which have a bearish directional index (DI) reversal and a low average directional index (ADX), indicating the lack of a trend. In addition, ANGO has no indication of an earnings surprise.

By Tim Bovee, Portland, Oregon, Dec. 31, 2017 – Jan. 3, 2018


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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