Live: Tuesday, Jan. 9, 2018

1/9 – 3:05 p.m. New York time

I entered one position today, an early earnings play on BMRC using shares.

1/9 – 1 p.m. New York time

I have entered a shares position on BMRC.

1/9 – 11:50 a.m. New York time

Today’s agenda is limited by account resources. My options account is full of trades, and my shares account has room for one position.

As a shares trade today I’ve selected BMRC, which turned to an uptrend a day ago on the Fisher Transform metric and which is below the zero line on Fisher, meaning there is lots of room to rise.

FXE, which trades for the last time on Jan. 19, continues to move in the direction of profitability on this bear position. In the normal course of things my exit date would be no later than Jan. 16, the Tuesday after the Martin Luther King holiday. As long as the downtrend continues, I intend to hold on to the position until the exit date.

1/8 – 9:25 p.m. New York time

I am considering four earnings plays using options and nine using shares for early entry. All publish earnings from Jan. 18 through Jan. 22. There are additional symbols that don’t qualify for analysis now but that I shall be following.

The options prospects are AXP, BK, HAL and IBM and the shares prospects are BANF, BBT, BMRC, CFG, FFBC, HOMB, STI, TEAM and WNS.

The prospects were selected based on the number of analysts following and agreement between the Fisher Transform directional signal and the potential for an earnings surprise as measured by Zacks Earnings Surprise Predictor. For shares, only Fisher bull signals are being considered.

At the moment my options account is full — iron condors soak up more buying power and do the iron fly positions I trade on the day before earnings are published. I need to check to see whether the iron fly structure works for early entry.

The shares account has room for a few more trades.

As the positions publishing earnings Jan. 11 and 12 come to an end, I shall bring in trades from this new batch of prospects.

By Tim Bovee, Portland, Oregon, Jan. 8-9, 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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