Live: Friday, Oct. 5, 2018

4:30 p.m. New York time

And that’s a wrap for the week. On Saturday I shall post The Week Ahead, my discussion of the economic reports and other externals that sometimes impact the markets.

A reminder that Monday is a U.S. government holiday to mark the landing in North America of the Spanish expedition led by Christopher Columbus. The Treasury Dept. and bond markets will be closed; the stock and options markets will be open for business.

10 a.m. New York time

I have no potential earnings plays in sight for today. The S&P 500 is trading narrowly within yesterday’s range, and none of my holdings are close to the point where I would head for the exit.

Today’s Book

Science, Strategy and War: The Strategic Theory of John Boyd,

by Frans P.B. Osinga

This book is a potential change agent within any trader’s life. The primary job of a trader is no different from that of a military leader, what the level: To make tactical decisions within a strategic framework that provide a winning edge. John Boyd revolutionized strategy within the American military, and has slowly worked its way into business strategy, particularly in the form of Boyd’s OODA Loop decision cycle: Observe, Orient, Decide, Act. Boyd lectured extensively within the military, but left only notes and lecture slides. Working from that material, Osinga has written the most complete accounting of Boyd’s approach.

More about the book

Here is where my options positions stand. JBL is the next to reach expiration, two weeks from now. The others are all more than 40 days away from expiration.

sym option debit share price curr % max profit net prft/shr $ option days left
EWZ 0.99 36.87 (15.1) (0.13) 42
JBL 1.98 289.94 (44.5) (0.61) 14
LEN 3.19 26.25 1.2 0.04 42
SPY 3.01 44.51 2.0 0.06 42
STZ 10.33 224.05 (23.0) (1.93) 42

And here is the stats of my shares positions.

sym share price net result % net profit $ days held
AAPL 226.43 1.1% 2.47 21
CHK 4.51 12.8% 0.51 21
FXI 40.94 -0.7% (0.27) 21
SPXU 32.54 -19.8% (8.02) 143
TSLA 269.54 -11.6% (35.45) 4
VNQI 54.17 -4.6% (2.64) 22

By Tim Bovee, Portland, Oregon, Oct. 5, 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.


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

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