Author: Tim Bovee

BAC Analysis

Tim Bovee2 Comments

Bank of America Corp. (BAC)

Update 1/20/2016: BAC shares fell after publishing earnings and thereafter traded in a range. Declining implied volatility carried the position to 28% of maximum potential profit. My profit target on iron fly positions is 25%.

Shares declined by 1.1% over eight days, or a -50% annual rate. The options position produced a +39.4% yieled on debit for a +1,796% annual rate.

BAC publishes earnings on Friday prior to the opening bell.

Read More »

Wednesday’s Prospects

Tim Bovee

I have no prospective new positions on Wednesday and am unlikely to have any the rest of this week. Earnings announcements will begin in earnest next week.

By Tim Bovee, Portland, Oregon, Jan. 11, 2017

 

Tuesday’s Outcomes

Tim Bovee

I exited three positions whose options expire Jan. 20, IBM for a profit and MU and PAY for losses.

This leaves CSX and the remainder portion of FNSR among my JAN holdings. I’m hoping that they’ll expire worthless for maximum profit.

By Tim Bovee, Portland, Oregon, Jan. 10, 2017

 

Tuesday’s Prospects

Tim Bovee

I have no prospects for entering new positions on Tuesday. I’m engaged in winding down my positions whose options expire Jan. 20, so there will be some exits.

By Tim Bovee, Portland, Oregon, Jan. 9, 2017

The Week Ahead: Producer prices, retail sales

Tim Bovee

(The Week Ahead is being posted late, on Monday, due to illness. There were no major reports scheduled for Monday, although two Fedsters made public appearances. the usual short-term Treasury bill events also occurred on Monday.)

Two major economic reports, the producer price index and retail sales, will be published on Friday at 8:30 a.m.

Read More »