Live: Wednesday, Sept. 4, 2019

1:10 p.m. New York time

XOP Analysis posted.

1:05 p.m. New York time

XLY Analysis posted.

12:55 p.m. New York time

TLT Analysis posted.

12:50 p.m. New York time

GLD Analysis posted.

12:30 p.m. New York time

And that’s a wrap on the new positions. I’ll start posting the analyses.

12:20 a.m. New York time

I’ve entered short iron condors on XOP and XLY, each expiring in 44 days on October 18.

Structures:

XOP, short the $24 call and $19 put, long the $26 call and $17 put. Credit: $0.44.

XLY, short the $125 call and $112 put, long the $129 call and $105 put. Credit: $1.18.

11:05 a.m. New York time

I’ve entered a short iron condor on TLT, 44 days prior to the October 18 expiration. the credit was $1.48. (Note that in the 10:50 a.m. item I mistakenly wrote “debit”. “Credit” is correct.)

The position is built from shorts, calls at $154 and puts and $152, and long wings, calls at $162 and puts at $136.

10:50 a.m. New York time

I’ve entered a short iron condor on GLD with 44 days until expiration on October 18, for a credit of $1.59. The structure is short strangle, $154 on the call and $141 on the put, and the long wings, $165 on the call and $135 on the put. Analysis to come.

By Tim Bovee, Portland, Oregon, September 4, 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.

License
Creative Commons License

All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Based on a work at www.timbovee.com.

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