Live: Wednesday, July 3, 2019

11 a.m. New York time

Today’s entries along with yesterday’s gives me five positions for the August 16 expiration. My goal at this point is six positions. The markets close early today, at 1 p.m. New York time, in anticipation of the U.S. celebration on July 4. I’ll revisit after the holiday and see if I can find one more trade to round out the collection.

I was struck by how low implied volatility is, even lower today that the day before. SPY — the S&P 500 fund that many consider to be the blue-chip pulse of the stock market — has an implied volatility rank of only 9.9%, down from 14.1% yesterday.

10:55 a.m. New York time

I’ve entered a short iron condor position on IYR, introducing some skew in the structure.

10:20 a.m. New York time

I’ve entered a short iron condor position on KRE.

By Tim Bovee, Portland, Oregon, July 3, 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.