Live: Wednesday, Oct. 3, 2018

11:10 a.m. New York time

I’ve entered a short iron condor position on STZ.

10 a.m. New York time

I shall be considering one earnings play today: STZ, with an implied volatility rank (IVR) of 62.6. STZ announces on Thursday before the opening bell.

Today’s Book

The Fifth Risk, by Michael Lewis

Just out: A new book by the financial writer who always finds new, and often surprising, insights into the world of money and systems. In The Fifth Risk, Lewis dives into the most contentious issue of our times, the functioning of government in a time of attack and change. He asks, What are the consequences of handing government over to people who have no idea how it works. On the answer to that systems question hinges our prosperity.

Two other companies are publishing earnings today and tomorrow, but I’m passing on them without analysis because of low IVR: PEP and COST.

No exits in sight today.

Here’s the state of play on my options holdings:

sym option debit share price curr % max profit net prft/shr $ option days left
EWZ 1.08 37.62 (25.6) (0.22) 44
JBL 1.78 27.21 (29.9) (0.41) 16
LEN 2.93 47.24 9.3 0.30 44
SPY 3.84 292.62 (25.1) (0.77) 44

And my shares holdings:

sym share price net result % net profit $ days held
AAPL 231.75 3.5% 7.79 19
CHK 4.50 12.5% 0.50 19
FXI 42.17 2.3% 0.96 19
SPXU 31.57 -22.2% (8.99) 141
TSLA 301.50 -1.1% (3.49) 2
VNQI 55.45 -2.4% (1.36) 20

By Tim Bovee, Portland, Oregon, Oct. 3, 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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