Live: Tuesday, May 14, 2019

3:20 p.m. New York time

IYR retreated from its low point without my order being filled. The position is now trading at a $0.26 debit. I’ll keep the order alive until the close and update this post in the unlikely event that it’s filled.

10 a.m. New York time

My short iron condor position on IYR  has moved near the management point, which under my trading rules is 50% of maximum potential profit. I’ve put in an exit order for a $0.19 debit, with the bid/ask midpoint running at $0.21.

My other holdings, also short iron condors, remain within their profit zones. The are  CGCUNHXBIXLB and XOP. All of my positions are scheduled for exits by May 31.

By Tim Bovee, Portland, Oregon, May 14, 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