Live: Thursday, Jan. 18, 2018

1/18 – 1:45 p.m. New York time

I’ve entered a bull put spread on LVS

1/18 – 11:30 a.m. New York time

With the advent of earnings season, I have many prospects to work with, especially those using options, which can be traded using a bull, bear or neutral strategy. Shares plays, by contrast, can only be bullish under the restrictions imposed by the no-fee brokerage Robinhood.

I had one potential earnings play using shares remaining after this morning’s analysis, and I have taken the trade, entering a bull position on PGR. The other shares possibility of Wednesday, ETH, turned down and so is no longer a prospect.

I eight potential earnings plays using options, and my goal is to trade one of them.  My first focus will first be on the four whose metrics point toward a directional trade, using a vertical spread. They are LVS and TXN to the bull side and CMCSA and F to the bear side.

If none of those proves satisfactory, I shall next turn to the four whose metrics favor a directional neutral strategy, such as an iron fly or iron condor. They are ITW and PG, which are trending upward, and ABT and NSC, which are trending downward.

1/17 – 9:45 p.m. New York time

My prospects for Thursday are all earnings plays with with actions days the on Monday and Tuesday of the week beginning after the closing bell Jan. 22. I’m considering them for early entry in the hope that they gain sufficient profit to warrant a profitable exit prior to their earnings announcements .

Most on the list I shall be selecting from are liquid enough to allow positions using options:

sym earns median action
ABT 1/24 am 1/23
CMCSA 1/24 am 1/23
F 1/24 am 1/23
GE 1/24 am 1/23
ITW 1/24 am 1/23
LVS 1/24 xm 1/23
NSC 1/24 am 1/23
PG 1/23 am 1/22
TXN 1/23 pm 1/23

CMCSA, F, LVS and TXN qualify as directional plays; the remainder are direction neutral because of a small earnings surprise predictor score.

Two plays using shares are also among my prospects:

sym earns median action
ETH 1/24 xm 1/23
PGR 1/24 am 1/23

Plays using shares are bullish by definition.

In the media column on both lists, “am” mean before the opening bell; “pm”, after the closing bell; and “xm”, I don’t yet know the timing of the release.

By Tim Bovee, Portland, Oregon, Jan. 17-18, 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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