I entered no new positions. I exited a position on INTC for a profit.

By Tim Bovee, Portland, Oregon, Feb. 15, 2017

 

CSCO, the one prospective trade on my desk this morning, continues to show declining implied volatility and is a bit too low compared to its annual and near-term ranges to qualify for further analysis.

I’ll check it again later in the day but for now, it doesn’t meet my criteria for trading.

By Tim Bovee, Portland, Oregon, Feb. 15, 2017

CSCO is the one earnings play sufficiently liquid for further consideration. However, implied volatility is overly low for my purposes in relation to both the annual range and the most recent broad movement. I shall look at the numbers on Wednesday and make a decision regarding further analysis.

By Tim Bovee, Portland, Oregon, Feb. 14, 2017

 

I entered no new positions. I exited my long-standing dividend play on STWD for a profit.

By Tim Bovee, Portland, Oregon, Feb. 14, 2017

 

Neither of the two prospects on my desk this morning qualifies for further analysis because of relatively low implied volatility .

I require that IV be in the 50th percentile or greater of either the annual range or the most recent broad movement.

AIG’s numbers are 27th percentile for the annual and 21st for the recent, and PEP’s numbers are 33rd for the annual and 41st for the recent.

My trading day will be shortened due to other obligations. If I exit any positions, I shall post Outcomes and results after the closing bell.

By Tim Bovee, Portland, Oregon, Feb. 14, 2017

 

I have two potential earnings plays under consideration for Tuesday. Both AIG and PEP have low implied volatility compared to both their annual ranges and their most recent broad moves, AIG by a wide margin and PEP by a narrow one.

If IV rises sufficiently on either or both of the symbols, then I shall do an analysis and potentially a trade.

By Tim Bovee, Portland, Oregon, Feb. 13, 2017

I entered no new positions and exited T for a profit.

I am attempting exits of BP and INTC at my target prices, but the orders have not yet been filled. I shall update Outcomes after the closing bell if either finds buyers sellers at my offering price that will allow me to cover my short positions.

By Tim Bovee, Portland, Oregon, Feb. 13, 2017

 

I have no prospective new positions on my desk today.

I have exited T for a profit and shall update the analysis with results later today.

By Tim Bovee, Portland, Oregon, Feb. 13, 2017

 

Two price reports will be published during the week, the consumer price index on Wednesday and the producer price index on Tuesday, each at 8:30 a.m. New York time.

The reports are important in helping to form traders’ expectations for future interest rates.

Also out, on Wednesday,  retail sales at 8:30 a.m., industrial production at 9:15 a.m. Housing starts will be published on Thursday at 8:30 a.m.

Fed Chair Janet Yellen makes her semi-annual reports to Congress. She testifies before the Senate Committee on Banking, Housing and Urban Affairs on Tuesday and before the House Committee on Financial Services. Both appearances begin at 10 .m.

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I have no prospective new positions on my desk for Monday.

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