I partially exited UNH after the price slid slightly below the profit range less than two days before the end of trading on the options. I sold the puts, converting the position into a bear call spread. I'll wait until the options expire on Saturday before updating the analysis with profit or loss.
-- Tim Bovee, Portland, Oregon, July 23, 2015
ReferencesMy volatility trading rules can be read here.
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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 decision decisions for his or her own account, and take responsibility for the consequences.License
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Based on a work at www.timbovee.com.
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