Live: Tuesday, June 25, 2019

1:20 p.m. New York time

GDXJ has moved back down into its zone of profit. Although the position remains unprofitable at this point, being within the zone makes it profitable at expiration, on July 19. If it turns profitable by Friday, 21 days prior to expiration, then I would exit then. If it remains unprofitable, then after Friday it comes under my “sudden death” rule, requiring an exit immediately if it moves beyond the profit zone, or if it becomes currently profitable. In any case, I exit all positions on the Monday before expiration.

The KRE position still has an exit order that has not yet been filled. Two other positions, NVDA and SMH, are profitable at this point but have not reached 50% of maximum potential profit and will be exited on Friday if they remain profitable.

10:15 a.m. New York time

As it did yesterday, GDXJ remains above the profit zone, with less than a day (0.73) to return to profitability at the present 14-day average rate of change. My exit point comes when it takes a full day or more to return at the current ROC.

9:55 a.m. New York time

It never fails. The busiest days are the days when I need to leave my trading desk. In today’s case, it’s dental work.

I’ve exited IWM for a $0.31 debit and XOP for a $0.17 debit, each at 50% of maximum potential profit. I’ve placed an exit order on KRE for a $0.30 debit; it is presently going for $0.33 and the order hasn’t yet been filled.

Full results later in the session.

By Tim Bovee, Portland, Oregon, June 25, 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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