Live: Monday, June 24, 2019

3:15 p.m. New York time

GDXJ has moved beyond the profit zone. Under my rules, at this point I calculate the price’s distance beyond the zone in days. If the price is one day or more beyond the zone, then I exit. In GDXJ’s case, distance works out to be 0.6 days above the zone. That’s less than a day, and so I’ll stay in the position for now.

12:50 p.m. New York time

The oil and gas exploration and production fund XOP has moved close to 50% of maximum potential profit, and I have placed an exit order for a $0.17 debit.

My junior gold miners fund GDXJ position is unprofitable and yet, just barely, remains within the profit zone. All other positions are showing profits. Under my rules, all profitable positions will be exited by Friday, June 28, which is 21 days before expiration.

9:50 a.m. New York time

The regional banking fund KRE has again moved to 50% of maximum potential profit, and I have placed an exit order for a $0.30 debit.

By Tim Bovee, Portland, Oregon, June 24, 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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