Live: Monday, July 1, 2019

2:25 p.m. New York time

I’ve updated the GDXJ Analysis with results.

2 p.m. New York time

GDXJ became minimally profitable, and under the sudden-death rules in force as expiration approaches, I exited. Results coming shortly.

That gets me out of my July options entirely. So the next step will be to populate the August positions, which have 46 days before expiration.

1:45 p.m. New York time

Note that I shall be following up on NVDA and SMH to see where they would stand if I had held on to the positions, just as a test of my 2019 trading rules.

1:30 p.m. New York time

And I’ve updated my SMH analysis with results.

1:20 p.m. New York time

I’ve updated my NVDA analysis with results.

11:10 a.m. New York time

I have exited my short iron condor positions, on NVDA for a $4.89 debit and SMH for a $2.52 debit. Both are losses. Full results coming up later.

9:45 a.m. New York time

Shares in the semiconductor sector gapped up this morning after an agreement over the weekend between the U.S.  President Trump and China’s President Xi to resume trade talks, and Trump’s announcement that he was considering lifting sanctions against the Chinese electronics company Huawei.

I have two semiconductor positions, NVDA and SMH, and both were pushed beyond their profit zones. With fewer than 21 remains until expiration, that means they come under the sudden death rules — I must exit both today.

I’ll wait until the morning bell rush is over — it’s a classic response to news, so perhaps the prices will fall a bit — and then place my exit orders.

By Tim Bovee, Portland, Oregon, July 1, 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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