12:15 p.m. New York time
I’ve exited AMGN in order to free up funds.
11:50 a.m. New York time
I found a few more earnings announcements that are due for potential action today, none of which I intend to trade. But for the sake of completeness, sorted by they are:
2nd quintile (61-80): APA
3rd quintile (41-60): AIG, EXC
10:05 a.m. New York time.
SPY continues to rise in an Elliott wave analysis 2nd wave correction, as I continue to wait for the right time to re-enter my bear position.
There are only two prospective earnings plays on the calendar today, and I don’t care to trade with one. They DWDP, in the 1st quintile of its implied volatility rank (81-100) and PPL, in the 3rd quintile (41-60).
Bottom line: No trades in sight this morning.
by Paul Volcker and Christine Harper
Paul Volcker took over as chairman of the Federal Reserve at a time when the economy was in trouble. The catch-phrase of the day was “stagflation” — high inflation combined with low growth.
It was a time when interest rates meant 20% and more, and inflation in that same range.
As the nation reeled from the Crash of 2008, Volcker was again pressed into service and played a key role in the remaking of the U.S. financial system after the crash.
In this book Volcker reviews his extraordinary career with lessons we can learn from.
A snapshot of my options positions.
|sym||option debit||share price||beyond profit zone||curr % max profit||net prft/shr $||option days left|
And my shares positions.
|sym||share price||net result %||net profit $||days held|
By Tim Bovee, Portland, Oregon, Oct. 31, 2018