Live: Thursday, Sept. 13, 2018

2:40 p.m. New York time

I’ve entered a shares position on the international real-estate exchange-traded VNQI.

10:10 a.m. New York time

SPY has opened above the prior day’s range, producing an opening gap. In terms of Elliott wave analysis, it remains below the Aug. 29 peak, although barely so. A break above that peak, $291.74, would cause me to reassess my analysis.

For my volatility positions, my practice for iron condors and directional spreads is to exit at 50% of maximum potential profit.

AAPL, which expires Sept. 28, stands at 22% of max this morning in the wake of Wednesday’s product announcements. AMD, expiring Oct. 5, and GNRC, expiring Oct. 19, are in loss territory, with AMD at -14.3% of max and GNRC at -3.3%.

By Tim Bovee, Portland, Oregon, Sept. 13, 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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