#pietrades Here are some specifics…

#pietrades

Here are some specifics for what I think makes a good PIE stock for weekly trading.
1. perceived volatility but actually stays in a range. The higher the value the wider the range can be and still work.
2. ATM or OTM premiums of $1 or better. The more you get up front the less you have to recover later.
3. Weekly options.
4. Good volume (BX fits the bill except for the bid-ask spreads), I got hammered getting out of a trade last week. $300 profit was trimmed to 120 so it is off my list.
5. Steady pivot points or long term support/resistance. If it moves out of the ranges establishes a new range quickly.

So here is a list I am looking at broken down by size of account.
Small account AAL, GM, DAL, HAL, LNG, BAC (limited), ERX (triple), EXAS (new addition, thanks), AMAT, XOP, MU, AMD, NKE (not the best but can work), UNG since the split, INTC, TMUS, LUV

Medium account can move to WDC, SWKS, GILD, XBI, MA, V, WMT (a little bit), MON, BIB (no weeklies), UAL, RCL, WYNN, MAR, UTX, AMGN, UPS, CAT, NSC, ANDV (previously TSO and my biggest income producer, not as good since the merger), UDOW, IBB, VLO, UPRO, TQQQ, CELG, JPM, FB, AAPL, EXPE, UPS, TLT @fuzzballl suggestion

For those with really big accounts GS, BA, AAPL with some volume, SPY, LRCX, FDX, COST

Keep in mind a lot of these just went booster stage so I would wait until they establish a new range.
Also if I am assigned puts at a pivot point and have some buying power left I will often go CC with straddle puts at the assignment price. Juices returns a little more but also adds risk.

Please post any other tickers that look like they would work.