Live: Thursday, Oct. 18, 2018

11:30 a.m. New York time

PG’s strike prices wouldn’t allow me to construct a workable iron fly position, so I set it aside and instead entered an iron fly on HON, which was much better positioned relative to the at-the-money point.

10:25 a.m. New York time

My primary candidate for an earnings play today is PG, which combines an implied volatility rank high than the other prospects with a larger market capitalization.

The also-rans are AXP, CLF, HON and STI.

Today’s Book


Inside the America First Plan to Revive Our Economy

by Stephen Moore and Arthur B. Laffer

Sit down to any American political discussion these days and it will take one of two forms. The first, “He’s crazy! He’s destroying America!” The second: “MAGA! He’s making America great again, and it’s about time.”

Heritage Foundation chief economist Stephen Moore and Arthur B. Laffer, the economist who discovered the a Laffer Curve, cut through the rhetoric to uncover the heart of President Trump’s attempt to transform the American economy. He’s neither on the left nor the right, the two conservatives conclude, but rather has adopted an economic populism that combines elements of both. The result? The authors think he can pull it off, bringing a new age of prosperity for all Americans.

And as the mid-term elections loom and the 2020 presidential election campaigns prepare for their kick-offs, what subject could be more important than an assessment of where the Trump administration is taking us?

More about the book

I have no exits in sight at this point.

Here’s where my options positions stand:

sym option debit share price curr % max profit net prft/shr $ option days left
C 2.90 70.08 15.9 0.55 29
EWZ 1.05 39.33 (22.1) (0.19) 29
IBM 8.76 132.15 (29.0) (1.97) 29
JNJ 5.67 138.42 (1.3) (0.07) 29
PM 3.69 88.40 (7.6) (0.26) 29
SPY 4.04 279.21 7.3 0.32 29
STZ 10.08 225.84 (20.0) (1.68) 29
WBA 3.91 77.07 (9.8) (0.35) 29

And my shares positions:

sym share price net result % net profit $ days held
AAPL 218.53 -2.4% (5.43) 34
CHK 4.61 15.3% 0.61 34
FXI 39.09 -5.1% (2.12) 34
SPXU 36.05 -11.1% (4.51) 156
TSLA 266.80 -12.5% (38.19) 17
VNQI 53.81 -5.3% (3.00) 35

By Tim Bovee, Portland, Oregon, Oct. 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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