Live: Monday, April 1, 2019

One position, which was omitted from my catch-up list of live positions, hit 50% of maximum potential profit today. However, the price spread was such that I wasn’t able to get a fill at that price.

The position is an iron condor and was entered on March 5.

XRT, c+52 c-49 p-42 p+39, call delta 18 (82%) put delta 18 (80%), IVR 37%, RR 4.5:1, 3/5/2019, $0.55

The exit target price was $0.27 credit. Under my rules, I must exit by April 26.

Tomorrow I’ll be looking at entering EWZ as an iron condor.

By Tim Bovee, Portland, Oregon, April 1, 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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