I am a retired Associated Press journalist who has been trading since 1982. I’m speculating with my own funds only, and trust me, having spent my life in the low-paid world of journalism, I don’t have a huge account.

Like most retails traders, I’m using market speculation to make my savings grow and to keep it from being harmed by inflation.

Private Trader is my realtime trading diary dedicated to primarily to shorter-term options trades using a volatility strategy.

The basic idea is to sell options spreads when implied volatility is high and buy them back for less after volatility declines.

Although I figured out the strategy on my own, I have since discovered that others use similar strategies. The long-time options trader and educator Tom Sosnoff in Chicago, with his two sites, Tasty Trade and Doughis by far the best, and I have over several years modified my trading practices to account for his team’s research.

I also occasionally foray into other strategies, to broaden my reach, to explore how they work, and quite frankly, for the fun.

And that’s the core of it. I spend a lot of time figuring out my trades each day, and if I didn’t think it was fun, I’d move on to something else.

Oldtimer traders are wont to say, “Risk is the mother of profit”. Every day, win or lose, Mom never fails to put a smile on my face.


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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Based on a work at www.timbovee.com.