Live: Tuesday, Jan. 16, 2018

1/16 – 3:20 p.m. New York time

I exited an options position on JPM and shares positions on BMRC and FRC. I entered no positions

1/16 – 12:25 p.m. New York time

My shares position on BMRC has given a downtrending signal on the 4-hour Fisher Transform, and the chart shows the price today remaining below Friday’s peak, suggesting a pause, or perhaps topping behavior. I have exited for a profit, five days before the earnings announcement, and shall update the analysis with results shortly.

1/16 – 12:05 p.m. New York time

I have updated the analyses for JPM and FRC with results, and in the case of JPM, a discussion of lessons learned from the strategy’s failure.

1/16 – 10:30 a.m. New York time

I have no new entries for action on Tuesday. I have exited two positions, JPM for a loss and FRC for a gain, and I shall update their analyses with results later today.

1/15 – 7:50 p.m. New York time

My main task on Tuesday will be to look for exits. I carried positions in JPM and FRC past their earnings announcements and hope to exit quickly. As always, I shall be assessing all of my positions for potential exits.

I have completed trades from prospects having earnings dates through Jan. 19. Next up is the week with action dates from Jan. 22 through Jan. 29.

The Jan. 22 prospects show by their numbers that we are again sailing into the fire and fury of an earnings season.

Here they are:

The list has four potential earnings plays using options:

sym1 earns median
JNJ 1/23 am
KMB 1/23 am
PG 1/23 am
VZ 1/23 am

It has 14 using shares:

sym1 earns median
AMTD 1/22 pm
EFSC 1/22 pm
FITB 1/23 am
FNB 1/23 am
FULT 1/22 pm
HBAN 1/23 am
ONB 1/23 am
RMD 1/22 pm
SNV 1/23 am
STT 1/23 am
WAT 1/23 am
WBS 1/23 am
WTFC 1/22 pm
ZION 1/22 pm

Clearly, I shall be doing heavy clearing of the weeds as I try to determine which trades are worth pursuing.

By Tim Bovee, Portland, Oregon, Jan. 15-16, 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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