Live: Friday, May 3, 2019

12:42 p.m. New York time

XLB order filled for a $0.48 credit with shares trading at $56.47. Analysis posted.

12:40 p.m. New York time

I’ve rejected the three stocks I analyzed: MRK, WDC and NEM. The potential payoff in each case wasn’t worth the risk.

12:35 p.m. New York time

I’ve placed an order for short iron condors on XLB, short calls $59 and puts $53, and long calls $61 and puts $49. Asking credit: $0.48.

11:50 a.m. New York time

I’ll be taking another look at XLB as a prospect, as well as these higher implied volatility rank stocks: MRK, WDC and NEM.

By Tim Bovee, Portland, Oregon, May 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.

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