Live: Wednesday, Sept. 11, 2019

4:10 p.m. New York time

And my managed shares holdings at the close.

sym slot # entry $/share sector
BOTZ 1 19.32 robotics
SLV 2 15.88 metals
EWM 3 28.25 int-malaysia
UNG 4 19.17 energy
UAE 5 14.18 int-uae

4:05 p.m. New York time

And at the closing bell, IWM remains above the short call strike price of my short iron condor, TLT remains below the short put strike, and GLD and XOP have returned to the range between the strikes.

XLY remains between the strikes, having never broken beyond the range.

11:30 a.m. New York time

Three of my short iron condor options positions are trading beyond their short strikes today:

  • GLD, below the put the strike
  • IWM and XOP, above the call strikes

Neither requires management at this point.

The call and put strikes are boundaries that issue an early warning when crossed. A position leaves the profit zone when it crosses the breakeven point, which has not yet happened for any of holdings for the OCT options cycle.

By Tim Bovee, Portland, Oregon, September 11, 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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