Live: Tuesday, February 18, 2020

9:50 a.m. New York time

This is expiration week for my remaining short iron condor positions in the FEB options series. TLT, XLE and XLK all remain well in the money on one leg. I’ll give them another day, for time decay to work (decay being in my favor for short positions), and exit the losing legs on Wednesday, allowing the remaining spreads to expire valueless (also in my favor).

In stocks, the focus portfolios today are Momentum and Robotics. Given AAPL’s sharp decline in response to the impact of the COVID19 virus on its manufacturing operations in China, I jumped in and expanded my holdings in the company, which appears on the Robotics Portfolio. It gives me slightly outsized exposure in AAPL, but I’m comfortable with that. AAPL’s entry debit was $318.00 per share.

Two positions dropped off of their portfolios — IBP in Growth and CYH in Momentum — and I’ve transferred them to the Bench.

By Tim Bovee, Portland, Oregon, February 18, 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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