Monday's Outcomes

The market declines on the first trading day of 2016 -- let's agree to call it China Panic II (the sequel) -- presented opportunities to exit and roll positions expiring in mid-January.

I exited AVGO and DE, each for a profit.

I exited the short legs of time spreads on ASML, NFLX, NXPI, TSLA and VZ, each for a profit. I intend to roll the shorts forward to later expiration dates after the markets have stabilized from Monday's sharp declines.

I exited the GOOGL vertical spread for a small loss and intend to roll it forward ounce the markets stabilize.

-- Tim Bovee, Portland, Oregon, Jan. 4, 2016

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.