Live: Wednesday, Sept. 26, 2018

11:55 a.m. New York time

I’ve passed on a potential trade on EWW after a full analysis.

10:35 a.m. New York time

I have no more earnings plays in sight this week, so I’ll turn my attention to longer-term positions. Today I’ll take a look at EWW, a high IV rank exchange traded fund that tracks the Mexican stock market. It’s not my trading idea but was posted by Fauzia, a member of the TastyTrade team.

Of my present options positions, one — GNRC — is nearing the point where I manage it — either exit or roll it forward. For iron condors like GNRC and directional spreads, the management point is 50% of maximum potential profit. For iron flies, which I use for earnings plays, I manage 25% of maximum potential profit.

Here’s the status of my options positions:

sym option debit share price curr % max profit net prft/shr $ option days left
AMD 0.72 31.99 26.5 0.26 9
EWZ 0.75 33.55 12.8 0.11 51
GNRC 0.70 57.56 42.1 0.51 23
KMX 2.88 27.51 17.0 0.59 23
JBL 1.63 73.65 (19.0) (0.26) 23
MU 1.02 44.34 (1.0) (0.01) 23
NKE 2.55 83.48 17.5 0.54 23
SPY 3.45 291.25 (12.4) (0.38) 51

And of my share positions:

sym share price net result % net profit $ days held
AAPL 222.99 -0.4% (0.97) 12
CHK 4.59 14.8% 0.59 12
FXI 43.35 5.2% 2.14 12
SPXU 31.96 -21.2% (8.60) 134
VNQI 57.00 0.3% 0.19 13

By Tim Bovee, Portland, Oregon, Sept. 26, 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.

License

All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Based on a work at www.timbovee.com.L

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