Live: Thursday, May 16, 2019

1:40 p.m. New York time

I’ve updated my CGC entry analysis with results.

1 p.m. New York time

My exit order on CGC has been filled for a $0.49 debit, with shares trading at 45.29. Full results to follow.

9:50 a.m. New York time

I’ve re-entered exit orders on my short iron condors on CGC and IYR, both of which are approaching 50% of maximum potential profit, which is a signal to exit the positions under my rules.

CGC is trading at $0.51, and my ask price is $0.49. IYR is trading at $0.20 and my exit price is $0.19.

My other positions, also short iron condors, remain in the profit zone but have yet to approach the 50% of max mark. They are UNHXBIXLB and XOP.

By Tim Bovee, Portland, Oregon, May 16, 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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