Live: Wednesday, Oct. 31, 2018

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.


Today’s Book

Keeping At It

The Quest for Sound Money and Good Government

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. 

More about the book


A snapshot of my options positions.

sym option debit share price beyond profit zone curr % max profit net prft/shr $ option days left
AMGN 8.94 192.64 8.6 0.84 16
C 3.70 65.53 low (7.2) (0.25) 16
EWZ 1.11 40.05 (29.1) (0.25) 16
GILD 5.54 69.87 10.4 0.64 51
HON 6.37 145.28 low (0.5) (0.03) 16
IBM 10.21 115.54 low (50.4) (3.42) 16
JNJ 6.54 140.62 high (16.8) (0.94) 16
MCD 8.46 178.00 high (36.5) (2.26) 16
MSFT 7.79 107.23 9.4 0.81 51
PM 3.61 87.78 (5.2) (0.18) 16
STZ 8.80 201.23 low (4.8) (0.40) 16
UPS 8.04 108.46 2.0 0.16 51
WBA 4.28 78.19 high (20.2) (0.72) 16

And my shares positions.

sym share price net result % net profit $ days held
AAPL 217.72 -2.8% (6.24) 47
CHK 3.47 -13.3% (0.53) 47
FXI 39.31 -4.6% (1.91) 47
SPXU 38.71 -4.6% (1.85) 169
TSLA 334.69 9.7% 29.70 30
VNQI 52.87 -6.9% (3.94) 48

By Tim Bovee, Portland, Oregon, Oct. 31, 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.

License

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 www.timbovee.com.L

 

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