Live: Monday, Jan. 8, 2018

1/8 – 3:20 p.m. New York time

I entered positions on JPM using options and on PLXS using shares. I deferred analysis of GS as a potential earnings play until (unless) its implied volatility rises to the 50th percentile of its annual range.

1/8 – 2:45 p.m. New York time

Implied volatility for my prospect GS stands below the 50th percentile of its annual range. I shall keep the symbol alive as a prospect but shall put off doing the analysis until the IV rises.

1/8 – 2:40 p.m. New York time

I’ve entered a position on JPM using options.

1/8 – 2:05 p.m. New York time

I’ve entered a position on PLXS using shares

1/8 – 12:30 p.m. New York time

I shall be considering two earnings plays using options, JPM and GS, and one using shares, PLXS.

CSX and USB, mentioned in yesterday’s prospects post, have implied volatility at below the 50th percentile of its annual range, failing to meet my standards.

Among the shares, PLXS appears to be the most promising, as its trends in its early stages. LEN, CMA and FAST had older or higher trend lines on the Fisher transform metric. FUL has a directional mismatch between its Zacks earnings surprise predictor (ESP) and its Fisher transform metric.

1/7 – 10 a.m. New York time

I’m looking at two additional early entries into earnings plays using options, CSX and USB, and five using shares, LEN, CMA, FAST, FUL and PLXS,

By Tim Bovee, Portland, Oregon, Jan. 7-8, 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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