Live: Wednesday, February 19, 2020

3:20 p.m. New York time

I’ve exited my short iron condor position on XLK and updated the analysis with results. This was a full exit, in contrast to my partial TLT and XLE exits.

2:15 p.m. New York time

I’ve updated my analyses of short iron condors on TLT and XLE with results after my partial exit.

12:40 p.m. New York time

I partially exited two losing short iron condor positions today as the FEB series of monthly options nears expiration after Friday’s close. I exited the calls TLT position and the puts in XLE, leaving an out-of-the-money short spread in each case that I anticipate will expire without value. I shall update the analyses later today.

One other losing position from the series, XLK, remains, and I hope to exit it on Thursday.

In shares, I cleaned out three positions from the Bench in order to raise funds for new trades, and also exited a position that had dropped from the Robotics Portfolio and didn’t qualify for the Bench.

The three exits from the Bench, two profitable and one for a loss:

  • AMED, for a $193.89 credit, a $12.56 profit per share. The position produced a 6.9% return over 19 days, or a +133% annual rate.
  • IMKTA, a $36.52 credit, a loss of $6.31 per share, producing a 14.7% loss over 15 days for a -358% annual rate.
  • OESX, a $6.32 credit, a profit of 62 cents per share, producing a 10.9% return over seven days for a +569% annual rate.

And from the Robotics Portfolio, I exited SPLK for a $175.42 credit, up $18.56 from the entry price, producing an 11.8% return over 20 days for a +216% annual rate.

Three positions were moved to the Bench: DAL from the SP500 Portfolio, and GIII and RUSHA, both from Value.

I entered no new stock positions.

By Tim Bovee, Portland, Oregon, February 19, 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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