Live: Monday, April 29, 2019

8:35 p.m. New York time

XOP analysis upon entry posted.

3:40 p.m. New York time

OK. Busy day. I’ve newly posted the results for STNE and earlier, DIS. The latter has a discussion of how to mitigate the impact of headline surprises, which were responsible for the losses in both of these positions.

I’ve also posted my entry analysis for XBI. I’m afraid that XOP will have to wait until later today; the entry credit was $0.53.

3:05 p.m. New York time

My entry order for a short iron condor on XOP has been filled.

2 p.m. New York time

My order on XBI has been filled.

1:50 p.m. New York time

I’ve exited DIS and STNE, each for a loss.

1:35 p.m. New York time

I’ve placed short iron condor orders on XBI and XOP, rejecting the other prospects for having overly high risk/reward ratios. I.e. little bang, big bucks.

1:10 p.m. New York time

I’m also adding XBI, IYR and XOP to the prospects list, also all ETFs.

12:40 p.m. New York time

My plan today is to exit my remaining positions expiring March 17, and to begin reloading with positions expiring June 21, which is 53 days away. By my trading rules, I’d aim to exit the June 21 positions 21 days before expiration, on May 31.

The most likely prospects today, both exchange-traded funds, are GDXJ and INDA. I’ll be taking a look at them.

By Tim Bovee, Portland, Oregon, April 29, 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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