Live: Tuesday, Sept. 18, 2018

1:20 p.m. New York time

I have entered a short iron condor position on EWZ. This completes my planned trades for the day.

12:50 p.m. New York time

I have entered a short bearish vertical spread on SPY.

12:10 p.m. New York time

Here’s how my holdings stand as of the middle of the trading day.

Options positions:

sym option debit share price curr % max profit options days left
AAPL 3.94 219.52 (1.3) 10
AMD 0.95 31.76 3.1 17
GNRC 1.00 58.37 17.4 31

Shares positions:

sym share price net result %
AAPL 219.52 -2.0%
CHK 4.14 3.4%
FXI 41.81 1.5%
SPXU 32.63 -19.6%
VNQI 57.24 0.8%

11:45 a.m. New York time

I’ve updated my ORCL analysis with results.  AAPL

11:20 a.m. New York time

I have two new positions in mind for today. First, I think it’s time to re-enter a short bear call spread on SPY. The evidence points to the the 3rd wave down at the Minuette degree having begun.

Here’s a chart of SPY for the last 15 days with 20-minute bars.


Also, I shall be taking a look at a trading idea that is not my own. It a non-directional play on EWZ, which tracks the Brazilian markets. The source of the idea is today’s Dr. Data mailing from TastyTrade.

10:55 a.m. New York time

I have exited my short iron fly options position on ORCL for a profit. Details to come.

By Tim Bovee, Portland, Oregon, Sept. 18, 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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