Some recent completed trades

BMY iron condor, expires 4/18/2019

IV Rate 66%

Call spread: -60 delta 19 (85% chance of expiring out of the money) / hedge +65

Put spread -45 delta 15 (82% OTM) / hedge +40

risk/reward ratio 4.3:1

Entry $0.95 credit per contract 2/15/2019

Exit $0.44 debit per contract 3/19/2019

Result: +115.9% (+$0.51) yield over 32 days +1,322% annual rate

XLI iron condor, expires 4/18/2019

IV Rate 77%

Call spread -80 delta 21 (79% OTM) / hedge +84

Put spread -72 delta 17 (82% OTM) / hedge +69

Risk/reward ratio 4.6:1

+117.24% yield +1,945.14% annual rate (+$0.34)

Entry $0.63 credit per contract 2/25/2019

Exit $0.29 debit per contract 3/19/2019

Result +117.2% ($0.34) yield over 22 days +1,945% annual rate

By Tim Bovee, Portland, Oregon, March 30, 2019


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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