Live: Wednesday, May 1, 2019

3:10 p.m. New York time

IYR Analysis posted.

3:05 p.m. New York time

My order on IYR has been filled.

1 p.m. New York time

I’m passing on my three remaining prospects — DVN, WDC and AKAM — without further analysis. They published earnings within the last day or two, and each has shown a sharp drop in implied volatility.

12:55 p.m. New York time

I’ve entered a short iron condor order on IYR.

12:30 p.m. New York time

UNH Analysis posted.

12:15 p.m. New York time

I’ve entered a short iron condor position on UNH. Full analysis to come.

So far in my screening I’ve rejected FB for being overly prone to headline shock, and NEM and MRK for having a high risk/reward ratio for any position structure that accords to my guidelines.

11:10 a.m. New York time

I’ll be looking at prospects again today: The stocks of seven companies that announced earnings in April and that this morning show high implied volatility (an implied volatility rank of 25% or higher).

The seven stocks are UNH, NEM, DVN, WDC, MRK, AKAM and FB. I’m looking at them as prospects for short iron condor options positions.

One point that’s an immediate deal-killer will be an ex-dividend date prior to my exit from the positions. The options expire June 21, and my goal is to exit no later than Friday, May 31.

By Tim Bovee, Portland, Oregon, May 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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