Live: Thursday, July 25, 2019

3:40 p.m. New York time

Exited EWZ for a $0.25 debit, or 50% of maximum potential profit. Results to come.

2:25 p.m. New York time

I’ve placed an exit order on my short iron condor position on EWZ, with an ask of $0.25, which is 50% of maximum potential profit.

Friday is 21 days prior to expiration of the August monthly options. Under my trading rules, on that day I’ll exit all profitable positions, no matter how small the profit. I’ll continue to hold the remaining positions, all unprofitable for the moment, under my sudden-death exit rules.

My remaining short iron condor positions, on EWZ and IYR, are both profitable and if they continue to be so, then I shall exit them both on Friday.

The hypothetical trade on IBM that I worked up as part of a thought experiment is presently loss-making. I’ll continue to track it under the sudden-death rules.

By Tim Bovee, Portland, Oregon, July 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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