Live: Friday, May 24, 2019

4 p.m. New York time

I’ve posted the full IWM analysis.

3:40 p.m. New York time

IWM entry order filled at $0.62. Full analysis to follow.

3 p.m. New York time

I’ve placed an order for a short iron condor on IWM, expiring July 19, which has an IV rank of 29. The short wings are $159 on the call and $140 on the put, with the long wings $2 out on the strike price. I’m asking $0.62 and have not gotten a fill.

1:35 p.m. New York time

I’ve posted full results on IYR.

11:10 a.m. New York time

My order to exit my iron condor on IYR has finally been filled, at $0.19 with shares at $88.14. Full results to follow.

XOP remains below the profit zone, but not far enough to trigger an exit. My trading rules require an exit if the price is far enough out of the profit zone to require two days or more to return to profitability, using the present 14-day average rate of change of the price to calculate the time distance. By that method, XOP would take 0.73 session-days to return to the profit zone.

By Tim Bovee, Portland, Oregon, May 24, 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.