Live: Tuesday, April 16, 2019

5:45 p.m. New York time

No fill on CGC.

11:10 a.m. New York time

I’m making another attempt to exit my iron condor on CGC. The position sunk to a debit of $0.76, which is 43% of maximum potential profit. My goal at or above 50%, and so I set the order bid at $0.67.

DIS, after last week’s large upward gap, is trading at $130, which is above the upside breakeven of $126 but within the wing, which provides some shelter up to $135. With 10 days left until mandatory exit (21 days prior to expiration), I’m happy to let things play out without any adjustment to the position.

By Tim Bovee, Portland, Oregon, April 16, 2019

Disclaimer

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.

License
Creative Commons License

All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Based on a work at www.timbovee.com.

 

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s