Friday, January 15, 2016

Friday's Outcomes

I exited three under-performing covered call positions, NFLX for a small profit; GLD and TSLA for small losses.

The decisions reflect a mid-term bearish assessment of stocks and commodities in light of the recent China panics and the Fed's decision to accelerate its dismantling of the recession-era stimulus package.

The exits free additional funds for trades coinciding with earnings announcements, which has proven to be a far more lucrative strategy.

-- Tim Bovee, Portland, Oregon, Jan. 15, 2016

References

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

Alerts


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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

Creative Commons 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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