Live: Thursday, Sept. 26, 2019

11:50 a.m. New York time

I shall spend much of October in Japan, a time zone that poses challenges to a U.S.-baed traveler: The opening bell rings at 10:30 p.m. and the closing bell, at 5 a.m. Not exactly my preferred schedule.

The schedule doesn’t pose much of a problem to my options trading. I’ll be entering my November options positions three days before my departure, and since I know my exit point — 50% of maximum potential profit — I’ll set good-till-cancelled exit orders and let them sit until management day, 21 days before expiration. I’ll still be in Japan on that day, so I’ll stay up late, make the exits, and write up the results during the next day, which will be at night in the U.S.

The managed shares positions require more intensive management, preferably during the market day. I’ve solved that by shutting down the five positions — BOTZ, EPI, EWL, GDXJ and UNG — replacing them with REITs that will be going ex-dividend soon — OHI, NRZ and STWD. All have 100% buy ratings from Morningstar.

The managed shares plans hasn’t been producing a profit over and all — positions tend to be nickel-and-dimed with losses — so I’ll use some of my time abroad thinking about a better way to handle the long shares portion of my holdings.

While abroad, as is the case when I’m home, I’ll post when I have something to say, rather than posting daily just to maintain a presence.

By Tim Bovee, Portland, Oregon, September 26, 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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