Live: Wednesday, April 3, 2019

2:25 p.m. New York time

My exit order on CELG was filled, at a $0.59 debit. Full writeup to come.

10:30 a.m. New York time

I’m attempting to exit two positions today, both of them short iron condors expiring May 17.

CELG, c+105 c-97.5 p-75 p+70, call delta 20 (82%) put delta 15 (91%), IVR 62, RR 4.3:1, entered 3/26/2019 credit $1.19. I’m attempting to exit for a $0.59 debit, which is 50% of maximum potential profit.

XRT,  c+52 c-49 p-42 p+39, call delta 18 (82%) put delta 18 (80%), IVR 37%, RR 4.5:1, entered 3/5/2019 credit $0.55. I’m attempting to exit for a $0.27 debit, which is 51% of maximum potential profit.

Layout and abbreviations: symbol, long_call short_call short_put long_put, short call delta (chance of expiring out of the money), short put delta (chance of expiring out of the money), IV Rank (IVR) at entry, risk/reward ratio (RR), date of entry, amount of credit at entry.

By Tim Bovee, Portland, Oregon, April 3, 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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