Live: Tuesday, Aug. 20, 2019

2:05 p.m. New York time

I’ve updated IWM Analysis with results.

1:50 p.m. New York time

I’ve exited my short iron condor options position on IWM at 50% of maximum potential profit; a $0.90 debit. Results to come.

12:30 p.m. New York time

Three of my short iron condor options positions — IWM, QQQ and SPY — have moved within 10 percentage points of my target, which is 50% of maximum potential profits. I’ve entered exit orders on all three, at the 50% mark, which have not yet been filled.

10:20 a.m. New York time

I’ve moved beyond my reliance on exchange traded funds for my manage shares portfolio, entering a position on BIDU, the Chinese Internet company, for $112.22 per share. It’s something in a nature of an experiment and the extent to which I’ll mix in shares in individual companies will depend upon the results I get from these occasional forays. The broader universe from which I choose has in this case allowed me to fill the last of my five slots, which have been difficult to fill since the market declines of early August.

The entry signal on the DMI was on Monday after an earnings announcement.

The line-up:

sym slot # entry $/share sector
GLD 1 143.03 metals
SLV 2 15.88 metals
IYR 3 91.44 real estate
XLU 4 61.52 utilitiies
BIDU 5 112.22 technology

9:50 a.m. New York time

I’ve entered a shares position on XLU within my managed shares portfolio. The entry price was $61.52 per share. The entry rationale was a bull signal on Monday from the DMI indicator backed by a drop into oversold territory and then a rise back to the neutral zone on the DMI Stochastic Extreme indicator.

By Tim Bovee, Portland, Oregon, August 20, 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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