Live: Wednesday, May 15, 2019

3:25 p.m. New York time

I have two exit orders today for short iron condor positions nearing 50% of maximum potential profit, the exit point under my trading rules.

I’m asking $0.49 for the CGC options position, which is now trading at $0.52, and $0.19 for IYR, which is trading $0.22.

I’ll post an update if either order is filled; otherwise, I shall let them quietly expire.

By Tim Bovee, Portland, Oregon, May 15, 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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