Live: Friday, Sept. 27, 2019

1:50 p.m. New York time

I’ve updated XOP Analysis with results.

1:30 p.m. New York time

I’ve updated GLD Analysis with results.

12:50 p.m. New York time

I’ve exited GLD for a $1.54 debit, or 3.1% of maximum potential profit. An update with results is on its way.

This was the last of my OCT options holdings. Next step is set up for the NOV options positions, all of them short iron condors expiring November 15. I’ll be entering those positions on Tuesday, October 1, which is 45 days prior to expiration.

9:45 a.m. New York time

This is management day for my OCT options, 21 days before expiration, the day when I exit all profitable positions, however small that profit might be.

I’ve exited XOP for a $0.35 debit, or 20.5% of maximum potential profit. I shall update the analysis with results later this morning.

My other holding GLD, dropped slightly below the short put strike price, moving the position into loss territory. I’ll keep a close watch on it today and exit if it moves back to profit.

By Tim Bovee, Portland, Oregon, September 27, 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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