The RRC and GNC fills were difficult; I succeeded less than an hour before the closing bell only after foregoing some premium. Even so, the givebacks left the positions within my guidelines.
I exited LLY after the profit exceeded half of its potential, thereby reducing time risk.
I rolled forward the short leg of my UNG time spread to a different price and expiration.
-- Tim Bovee, Portland, Oregon, Oct. 28, 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 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.
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