Live: Wednesday, Sept. 12, 2018

2:35 p.m. New York time

I’m passing for now on LLY without a full analysis.

12:05 p.m. New York time

I have entered an iron condor position on GNRC. As it turns out, the funds in my new TastyWorks account have a five-day hold, a normal practice for the brokerage, and so I placed the trade using my TD Ameritrade account.

10:50 a.m. New York time

SPY is trading within yesterday’s range. I see no need to revise my Elliott wave analysis.

Volatility plays: My position on AAPL remains below the profit zone at the open. The company announces new iPhones and other products today at 1 p.m. New York time. My AMD position is in the zone..

I shall resume searching out new volatility plays today, now that my account on TastyWorks has been funded. I’m looking for stocks with high implied volatility that appear to have stalled for now. My preferred structure is the iron condor.

I’ll be looking first at GNRC and LLY.

By Tim Bovee, Portland, Oregon, Sept. 12, 2018

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.


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