Live: Thursday, Sept. 6, 2018

12:10 p.m. New York time

I’ve entered a short iron condor position on AMD.

11:10 a.m. New York time

Of my volatility prospects, I’m tossing KR and LEN because they have earnings coming up soon. I’m passing on EBAY bceause the chart has developed a significant downward movement.

For this strategy, I’m looking for stocks that aren’t moving directionally. My method at this point is to look either for sideways moving charts or stocks that are moving contrary to the market’s main trend, which I consider to be downward.

The remaining symbols are CRM, with an implied volatility rank (IVR) of 40%, and AMD, with an IVR  of 54%. The AMD rank is calculated from a spike last March. If I follow my practice of eliminating major outliers, AMD’s IV is at its high point of the year, giving an IVR of 100%.

I shall analyze AMD as a potential volatility play.

10:45 a.m. New York time

In my Elliott wave analysis prospects, SPY is trading within yesterday’s range, albeit with a lower high, suggesting that the next wave down is continuing at a tentative pace.

In trades using volatility strategy, AAPL has dipped below yesterday’s range. The position has an 85.9% chance of expiring profitably to the downside and a 68.6% chance to the upside.

I shall review five potential volatility plays today: KR, CRM, LEN, EBAY and AMD.

By Tim Bovee, Portland, Oregon, Sept. 6, 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.


All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Based on a work at