Live: Tuesday, Nov. 5, 2019

2:10 p.m. New York time

And that is a wrap for the day, insofar as options are concerned. I’ve opened five positions: GDX, TLT, XLUXLY and XOP, covering gold, long-term federal bonds, utilities, consumer discretionary and fossil fuels, respectively. I’ve passed on SLV for the present. It topped the implied volatility rank chart of my prospects yesterday, but then dropped to 4th place today. If it goes higher again I may enter, although, like love and marriage or a horse and carriage, silver and gold seem to be forever entwined. SLV adds little diversification to my holdings.

2:05 p.m. New York time

I’ve entered a short iron condor order on XLU and posted the analysis.

1:55 p.m. New York time

My short iron condor order on TLT as been filled and I’ve posted the analysis.

1:45 p.m. New York time

I’ve gotten a fill on my XLY short iron condor and posted the analysis.

1:20 p.m. New York time

I’ve entered a short iron condor position on XOP.

12:05 p.m. New York time

I’ve placed a short iron condor order on XLY, +c128 -c125 -p119 +p113, asking for a $1.56 credit. No fill yet.

11:45 a.m. New York time

I’ve placed a short iron condor order on TLT, +c145 -c140 -p134 +p129, asking for a credit of $1.66. No fill as of yet.

11:05 a.m. New York time

I’ve entered a short iron condor position on GDX.

10:35 a.m. New York time

This is the day I enter new options positions, expiring December 20 and constructed as short iron condors. My initial plan is to enter positions on GDX, SLV, TLT, XOP and XLY.

The my momentum screen of yesterday’s results knocked two positions off of the momentum list: FRO and NTRA. They join RNG and SBLK in having an exit signal based on the Fisher Transform (FT) using the monthly chart. All four presently  are in the FT bull mode.

By Tim Bovee, Portland, Oregon, November 5, 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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Based on a work at www.timbovee.com.