The markets are closed on Monday for the Martin Luther King Holiday.

On Tuesday, I shall consider earnings plays on C, GS and USB, and on Wednesday, a play on UNP.

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

 

I entered no new positions today and exited none.

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

 

I have no prospects for Friday.

On Monday, I’ll be looking at an earnings play on UNH, and on Tuesday, on C, GS and USB.

By Tim Bovee, Portland, Oregon, Jan. 12, 2017

 

I entered a position on BAC.

By Tim Bovee, Portland, Oregon, Jan. 12, 2017

 

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.

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I exited a position on CSX for a small profit, nine days before the options expire.

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

 

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

 

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

 

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

In addition to my profitable exit from GS, I also got a late fill on an order to exit XLU, also for a profit.

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