Live: Monday, Oct. 22, 2018

11:25 a.m. New York time

I have entered a short iron fly position on MCD.

10:25 a.m. New York time

My top choice for a potential earnings play today is MCD. It has a second-quintile implied volatility rank, but it makes up for that with a high market cap and by adding a consumer discretionary company to my holdings.

If MCD fails to qualify for trading, my next choice is MMM.

The other prospects, arranged by IV rank quintile:

1st quintile: (81-100): AMD, CAT, UTX

2nd quintile (61-80): FITB, HBAN, HOG, ZION

3rd quintile (41-60): RF, VZ

5th quintile (1-20): XL

Today’s Book

The Fifth Risk

by Michael Lewis

Now #5 on the Amazon Charts in its 2nd week on the list. 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.

The New York Times calls it his “most ambitious and important book”. Quartz says that it is a “spellbinding, alarming analysis of the most serious threats to Americans’ safety happening now from inside the U.S. government.

More about the book

Status of my present holdings based on options:

sym option debit share price curr % max profit net prft/shr $ option days left
C 3.02 67.65 12.5 0.43 25
EWZ 1.13 5,975.00 (31.4) (0.27) 25
HON 5.71 151.42 9.9 0.63 25
IBM 9.57 128.84 (40.9) (2.78) 25
JNJ 5.70 138.51 (1.8) (0.10) 25
PM 3.55 8,788.00 (3.5) (0.12) 25
SPY 2.74 274.79 37.2 1.62 25
STZ 9.33 223.17 (11.1) (0.93) 25
WBA 4.06 77.62 (14.0) (0.50) 25

And of my holdings based on shares:

sym share price net result % net profit $ days held
AAPL 226.55 1.2% 2.59 38
CHK 4.57 14.3% 0.57 38
FXI 40.40 -2.0% (0.81) 38
SPXU 37.75 -6.9% (2.81) 160
TSLA 254.48 -16.6% (50.51) 21
VNQI 53.77 -5.4% (3.04) 39

By Tim Bovee, Portland, Oregon, Oct. 22, 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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