Live: Thursday, May 2, 2019

4:30 p.m. New York time

My XLB order went unfilled. I was unwilling to lower my ask. Tomorrow, perhaps.

1:35 p.m. New York time

I’ve entered an order for a short iron condor on XLB, expiring June 21. The shorts are the $59 call and $51 put, and the longs are the $61 call and the $49 put. Asking for a $0.33 credit.

11:20 a.m. New York time

The exchange-traded fund XLB has reached the 30% implied volatility rank, high enough to be interesting. I’ll take a look at it as a potential trade today.

By Tim Bovee, Portland, Oregon, May 2, 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.

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Based on a work at www.timbovee.com.