Live: Tuesday, February 4, 2020

11:40 a.m. New York time

I exited my short iron condor options position on XLI and have updated the the analysis with results.  Of the remaining options positions expiring February 21XLE and XLK have in-the-money components, putting them at risk of early assignment, and EEM and TLT are both out of the money.

In stocks trading, the focus portfolio today is Value, and I entered two positions. I also exited a position from Genetics.

I’m making more use of the Bench for positions that have dropped off their portfolios but still have potential value. The result, I hope, will be to reduce the churn in my holdings while maintaining profitability. January was profitable, with 104 completed trades, but I would have done better and had less work with 13-week Treasury Bills.

The rules go like this:

A position that fails to qualify for its portfolio is benched if

      • the Zacks rank is 1 or 2 (strong buy or buy).
      • the rank is 3 (hold) and, in the case of a Value, Growth or Momentum portfolio, the corresponding strategy score is A, B or C. (the scale runs from A — best — down to F — worst).
      • the rank is 3 and, in the case of a watchlist portfolio, such as Genetics or Robotics, the corresponding strategy score for Momentum  and Growth is A, B or C.

Otherwise, the Portfolio is exited.

 Stock Trades

  • Value Portfolio
    • Entries
      • IMTKA, for a $42.83 debit.
      • MOD, a $7.87 debit.
  • Genetics
    • Exit
      • RUBY, for a $7.81 credit, for a 23 cent profit per share. The return was 2.9% over one day for a 1,066% annual rate. RUBY’s Zacks rank had dropped to 3 (hold). The score for Momentum was C, which is acceptable, but for Growth was F, which pushed the position into the sell category.
    • Growth
      • Benched
        • AMED was transferred to the Bench, with a Zacks rank of 2 (buy) and a Growth score of A.
    • Momentum
      • Benched
        • CYH, rank of 1 (strong buy), Momentum score C.
    • Robotics
      • Benched
        • SPLK, rank of 1 (strong buy), Growth score of D, Momentum Score F. Note that despite the awful scores, under my rules I kept the position because of the high Zacks rank.

By Tim Bovee, Portland, Oregon, February 4, 2020


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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