Live: Wednesday, Aug. 21, 2019

10:40 a.m. New York time

I’ve entered a short iron condor position on XLY, selecting it as having the top implied volatility rank of any prospect on my list that isn’t a metal or an energy play. The position replaces IWM, which I exited yesterday for half of maximum potential profit. The position has 30 days until expiration, nearly two weeks short of my preferred 42 days.

By Tim Bovee, Portland, Oregon, August 21, 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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