12:50 p.m. New York time

I have entered a short iron fly options position on ORCL.

11:05 a.m. New York time

ORCL publishes earnings after the closing bell, and I shall analyze it as a potential earnings play. Given the nature of the broader markets, I’m leaning at this point toward a non-directional iron fly strategy.

SPY and the S&P 500 are trading within the prior day’s range

Here’s the present state of my options holdings:

sym	option debit	share price	curr % max profit	options days left
AAPL	4.05	220.00	(4.1)	11
AMD	1.03	31.99	(5.1)	18
GNRC	1.10	57.61	9.1	32

… and my shares holdings:

sym	share price	net result %
AAPL	220.00	-1.8%
CHK	4.04	1.0%
FXI	41.66	1.1%
SPXU	32.99	-18.7%
VNQI	56.85	0.1%

By Tim Bovee, Portland, Oregon, Sept. 17, 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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