I entered an October bull put spread position in AVGO after it sent a bull signal.
The rise the triggered the signal also tipped my September iron condor on AVGO above the profit zone. I managed the position by selling the calls, transforming it into a bull put spread.
I exited my options volatility play in QQQ for a large profit and my long-term shares position in LYB for a small loss.
-- Tim Bovee, Portland, Oregon, Sept. 9, 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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