Live: Tuesday, Oct. 1, 2019

2:50 p.m. New York time

XBI Analysis posted.

And that’s a wrap for the November setup, with six short iron condor positions, on GDX, IWM, TLT, XBI, XLY and XOP. Management day will be October 25, which is 21 days prior to expiration, the day on which I sell all remaining profitable positions. Expiration is November 15.

2:20 p.m. New York time

XOP Analysis posted.

2 p.m. New York time

I’ve posted XLY Analysis after the adjusting the order in order to get a fill. Note that the short put strike was moved a dollar lower to accomodate a price change after I entered the order.

1:30 p.m. New York time

I’ve posted IWM Analysis after my short iron condor entry order was filled.

12:30 p.m. New York time

And as the final entry order of the day, a short iron condor on XBI, structured +p62 -p67 -c83 +c88, with an ask of a $1.08 credit.

12:15 p.m. New York time

I’ve placed an entry order for a short iron condor on IWM, structured as +128p -138p -160c +164c, asking for a $1.20 credit.

11:10 a.m. New York time

TLT Analysis posted after my short iron condor order was filled at the asking price.

10:55 a.m. New York time

Entry order for a short iron condor on TLT placed. The structured is +p17 -p19 -c25 +c27, with a credit ask of $0.39.

10:40 a.m. New York time

I’ve placed an entry order for a short iron condor on TLT, structured as +p32 -p36 -c51 +c57. The credit ask is $0.82.

10:20 a.m. New York time

GDX Analysis posted after my short iron condor order was filled.

10:10 a.m. New York time

I’ve placed an entry order for a short iron condor on XLY, structured as +p105 -p112 -c126 +c129, asking for a credit of $0.94.

10 a.m. New York time

Today is entry day for my options trading, 45 days prior to expiration of the November 15, 2019 monthlies. In describing the structure of each short iron condor order, I’ll prefix long options with a + and short with a -, each followed “p” for put or “c” for call, and the strike price.

I’ve placed my first entry order, for GDX, structured as +p22 -p24 -c30 +c33. My asking price is $0.45. No fill as of yet.

By Tim Bovee, Portland, Oregon, October 1, 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.

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