Tuesday, March 15, 2016

Tuesday's Outcomes

This was clean-up day for the MAR-series options, which complete their trading at Friday's close.

Portions of my HES and TSLA positions were assigned. I got rid of the short shares that had been placed in my account and closed out the remaining call options entirely.

HES was a bear call spread, so it was closed entirely. TSLA was an iron condor, so losing the calls left  a bull put vertical spread set to expire valueless for maximum profit.

I exited the EMR bear call spread entirely for a loss.

I exited the calls in my DOW and PG positions, leaving zombie bull put spreads of no value for profitable expirations.

I entered no new positions today. My one prospect, an earnings play on ORCL, never reached implied volatility high enough to support a trade.

-- Tim Bovee, Portland, Oregon, March 15, 2016


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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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.

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