8/4 – 3:45 p.m. New York time
8/4 – 2:20 p.m. New York time
8/4 – 11:05 a.m. New York time
Both today began moving in directions that would mitigate the loss. Do I sell today or wait until Monday to exit? The latter course increases the risk of an options assignment. I shall keep an eye on both symbols today as I consider the decision.
The remaining portion of my SBUX position, which did undergo an assignment, will expire Friday as well, but it is well out of the money, has no market and so requires, and allows, no action.
8/3 – 8:05 p.m. New York time
Major companies tend to avoid publishing earnings on Fridays — why give the market analysts and commentators a full weekend to stew over the the results?
This Friday, as on many Fridays, I have no new earnings plays in sight. I shall concentrate on exits.
I am back home in Portland after a couple of weeks in East Asia, and that means that the compromises required by East Asia’s overnight schedule for U.S. markets is over, for Private Trader at least. It’s back to the West Coast’s 6:30 a.m. to 1 p.m. market schedule, which matches my early bird habits and allows afternoons for conversation at my favorite coffeehouse.
By Tim Bovee, Portland, Oregon, Aug. 3-4, 2017
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.
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.