Live: Monday, February 24, 2020

12:30 p.m. New York time

TNK in the Value Portfolio hit its trailing 20% stop/loss a few minutes ago and was sold for a $12.91 per share credit, down $1.24 from the entry price. The sale resulted in an 8.8% loss for 14 days, or a -228% annual rate. TNK was a valid member of the Value Portfolio as of the latest Zacks analysis. The price has long been on a long decline since January. A reversion to an uptrend ended after only four days, and the downtrend resumed on February 14. The stop/loss was triggered two days before the earnings announcement.

10:25 a.m. New York time

The trailing 20% stop/loss on my stock position on EDIT in the Genetics Portfolio was triggered this morning amid a general decline in the markets.

I exited EDIT for a 23.30 credit per share, down $5.69 from the entry price, resulting in a 19.6% loss over 27 days for a -265% annual rate. The stop was triggered two days before EDIT’s next earning announcement. It still remains as a potential trade in the Genetics Portfolio, with a Zacks rank of 2 (“buy”).

Otherwise, my stock activities today have all been Bench transfers. INVA was benched after its Zacks rank dropped to 2, costing it it’s spot in the Momentum Portfolio, and two benched symbols again qualified for their portfolios and were sent back into play: KBH in Value and PHM in Growth.

I plan no entries today until the markets stabilize a bit.

In my short iron condor options positions, no trades are in sight today. I’ll manage the positions 21 days out from expiration, which is next Friday.

By Tim Bovee, Portland, Oregon, February 24, 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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