Live: Tuesday, Oct. 2, 2018

8:40 p.m. New York time

I have updated the analyses for today’s three exits, AMD, MU and NKE, with the final results.

3:50 p.m. New York time

I got sidetracked and so have not yet updated AMD, MU and NKE with results. Tonight, for sure, U.S. Pacific time (GMT-7).

12:20 p.m. New York time

I have entered an earnings on play on LEN, structured as a short iron fly.

Today’s Book

Soft Currency Economics II, by Warren Mosler

Mosler lays to rest the terrors that traditional economists experience when they think about deficit spending. “Inflation!”, they cry in horror. In this brief book Mosler digs into realities of our soft-money world and concludes that deficit spending, far from being a horror show, is the best tool around to put an end to devastating recessions, without a risk of inflation. I found it to be a fascinating read with a counterintuitive view of the nature of money..

11 a.m. New York time

Another busy start for the day. I exited AMD, MU and NKE, each for a profit. I shall update their analyses with results later today.

I shall next turn to assessing LEN as a potential earnings play. The company announces earnings on Wednesday before the opening bell.

Here is the state of my options positions:

sym option debit share price curr % max profit net prft/shr $ option days left
EWZ 0.72 35.15 16.3 0.14 45
JBL 1.78 27.26 (29.9) (0.41) 17
SPY 3.32 291.20 (8.1) (0.25) 45

And of my shares positions:

sym share price net result % net profit $ days held
AAPL 228.90 2.2% 4.94 18
CHK 4.45 11.3% 0.45 18
FXI 41.94 1.8% 0.73 18
SPXU 32.05 -21.0% (8.51) 140
TSLA 305.14 0.0% 0.15 1
VNQI 55.31 -2.6% (1.51) 19

By Tim Bovee, Portland, Oregon, Oct. 2, 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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