Friday's Outcomes

I rolled forward my short call on UNG after the profit exceeded half of its potential maximum, moving from a Nov. 6 expiration to a Nov. 14 expiration. I defer calculation of results until after the entire position is closed.

I exited by covered call position on JBLU entirely, both the shares and the short options. The stock pays no dividend, so any further covered call work on JBLU will used the LEAPS -- options having a year or more before expiration -- in place of shares, allowing me to place more trades with my available funds.

This was clean-up day for the October options. My preference is to be out of an options series two weeks prior to expiration.

I exited TWTR for a profit and AVGO, SWKS, and TBT for losses. I continue to hold two full positions that complete trading on Oct. 16, KR and EWZ, and two partially exited positions, GMCR and LULU.

-- Tim Bovee, Portland, Oregon, Oct. 2, 2015

References

Tradecraft: Playing the odds to build winning stock market trades from options, a description of how I trade, can be read here.

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Disclaimer

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



All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Based on a work at www.timbovee.com.