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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