Live:Wednesday, November 6, 2019

3:05 p.m. New York time

No fill on the APA short iron condor order. I’ll look at it again tomorrow.

10:45 a.m. New York time

Yesterday’s blow-out buying spree left me with some cash in my options account, so I’ve placed an order for a short iron condor position on a stock (rather than an ETF), APA. The structure is +c32.50 -c27.50 -p22.50 +p17.50, with an ask for a $1.60 credit. no fill as of yet.

APA — Apache Corp. — is an oddity because although it published earnings on October 30, it continues to show a high implied volatility rank, 78.3%. The downside is that it doubles my exposure to fossil fuels, in light of my position in XOP, established yesterday.

By Tim Bovee, Portland, Oregon, November 6, 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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All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

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