Follow me on Twitter!

Monday, December 17, 2018

Website:  www.moneyandlilia.com


Free options lessons:  Lilia's YouTube Channel

Twitter:  @moneyandlilia




Hi!  Welcome to my blog!

I have posted many of my options trades here so you can study and learn from me.  

You will notice that my trading strategies are relatively simple yet consistently profitable.

I, like many successful options traders, SELL options and GET PAID up front.  The probability of success is much higher when you SELL options.  


Watch my FREE VIDEO with step-by-step instructions on how to SELL put options (31 minutes long).


Click HERE to read testimonials from happy students.

*   *   *   *   *   *   *   *   *   *   *   *   *   *   *   *

If you like to buy stocks and exchange traded funds (ETFs) as long-term investments, you should consider SELLING PUT OPTIONS.  This strategy gives you the opportunity to buy ETFs and stocks at lower prices.


Click HERE to watch a short, 6-minute demonstration of this simple, yet little-known, investing strategy.

SPX short call options

Monday 12/17/2018 (Expiration Monday)

Trade 1 (9:04:09 am, PT)

sell (to open) -1 Dec 17, 2018  2620 call option at $1.45  (15 delta)

Trade 2 (9:25:29 am, PT)

buy (to close) +1 above call option at $0.45

PROFIT:  $100 (in 21 minutes)


Trade 3 (10:30:59 am, PT)

sell (to open) -1 Dec 17, 2018  2590 call option at $2.25  (18 delta)

Trade 4 (11:52:46 am, PT)

buy (to close) +1 above call option at $0.20

PROFIT:  $205 (in 1 hour, 22 minutes)


Trade 5 (12:36:43 pm, PT)

sell (to open) -1 Dec 17, 2018  2545 call option at $1.95 (30 delta)

Trade 6 (12:49:05 pm, PT)

buy (to close) +1 above call option at $0.40

PROFIT:  $155 (in 13 minutes)


TOTAL PROFIT (selling call options 3 times):   $460


COMMENTS:

  • As SPX started dropping, I would buy back my short calls and sell (to open) new ones that were closer "to the money"


  • Notice that my "deltas" started rising with each subsequent trade (once SPX started dropping, I felt pretty confident that the downward trend would continue at least until 12:50 pm or so)


  • Quite often, after a whole day of selling, the buyers come back in towards the end of the day and push the SPX back up (at 12:49 pm, PT, SPX hit an intraday low of 2530.54 and then reversed back up to close at 2545.94)


  • It's a GOOD thing I bought back my short call (2545 strike) at 12:49 pm because it would have ended up "in-the-money" at the close!

Tuesday, November 27, 2018

TLT ratio put spread (options)

Oct 23, 2018

buy +1 Nov 30, 2018  $114 put option
sell -2 Nov 30, 2018  $113.50 put options

net credit:  $1.05 x 1 x 100 =  $105
maximum potential profit:  $155


Nov 27, 2018

close the trade

PROFIT:  $106

WATCH ALL 4 VIDEOS HERE!

Monday, November 26, 2018

SPX short call options

Monday, 11/26/2018 (Expiration Monday)

Trade 1 (9:11:23 am, PT)

sell (to open) -1 Nov 26, 2018  2670 call option at $3.40    38.67 delta (a bit high)


Trade 2 (9:25:18 am, PT)

buy back short call option at $1.50 

Note:  I decided to close it at around 50% of max profit

PROFIT:   $190 (in 14 minutes)


COMMENTS:

It was very tempting to leave this trade open (until expiration) to get the remaining $150, but it's only 9:25 am and a lot can happen in the next 3.5 hours.

I got 55% of max profit in only 14 minutes, so I'm happy about that.  "Don't get greedy," right?  😉

Learn to SELL OPTIONS HERE.

Monday, November 12, 2018

SPX credit call spread

Monday, 11/12/2018 (Expiration Monday)

12:22:03 pm, PT

buy +1 Nov 12, 2018  2770 call at $0.05 ← "wing"
sell -1 Nov 12, 2018  2750 call at $1.30 ←  22 delta

margin:  $2,000
net credit:  $1.25 x 1 x 100 = $125 (max profit)



1:00 pm, PT

SPX closed at 2726.22
all call options expired "worthless"

PROFIT:  $125 (in 38 minutes)

Learn to SELL call options HERE!


Thursday, October 25, 2018

SPX short call options

Thu. 10/25/2018

Trade 1 (9:38:02 am, PT)  ← SPX around 2698

sell -6 Oct 26, 2018  2715 calls at $11.30 (very nice premium!)

delta:  35.80


Trade 2 (1:01:11 pm, PT)

buy back calls at $10.40 (for a quick profit)

PROFIT:  $540


Comments:

  • SPX continued to rise after I sold (to open) my short call options (bad!)
  • At 11:49 am (2 hours later), SPX hit a high of 2722.33 and my calls were trading at $20.20 (I had a temporary "paper loss" of $5340!)  😖😨
  • At 1:01 pm, PT, I decided to buy back my calls at $10.40 and take a quick profit because I wasn't sure if Amazon's earnings and Alphabet's (Google) earnings were going to be good or bad
  • Amazon's earnings and Google's earnings turned out to be bad, so SPX dropped in the after-hours market 
  • By 1:15 pm, PT, my call options were trading between $5.40 and $6.50 😩
  • The greedy side of my brain wants to say, "I wish I had held my calls longer!"
  • The conservative side of my brain says, "It's a good thing I took my profits because things could have gone the other way."

What would YOU have done in this situation??

Learn to SELL CALL OPTIONS HERE!

Monday, October 8, 2018

SPX credit put spread (options)

Monday 10/8/2018 (Expiration Monday)

Trade 1 (10:21:22 am, PT)  ←  SPX around 2865

sell -6 Oct 8, 2018  2845 puts at $1.00
buy +6 Oct 8, 2018  2815 puts at $0.10

  • net credit:  $0.90 x 6 x 100 =  $540 (max profit)
  • margin:  $18,000


Trade 2 (10:44:15 am, PT)

buy back all 6 short puts (2845) at $0.20 to take profits and remove the risk

PROFIT:  $420 (in 23 minutes!)

WATCH FREE OPTIONS VIDEOS HERE!

Friday, October 5, 2018

SPX credit call spread (options)

Friday 10/5/2018 (Expiration Friday)

Trade 1 (9:53:29 am, PT)

buy +6 Oct 5, 2018  2905 calls at $0.10  ←  cheap wing
sell -6 Oct 5, 2018  2890 calls at $1.40 ←  18 delta

net credit:  $1.30 x 6 x 100 =  $780 (max profit)


Trade 2 (12:57:13 pm, PT)

buy back all 6 short calls (2890) at $0.10 to remove the risk

PROFIT:  $720 (in 3 hours)

WATCH THE VIDEO HERE!

Monday, October 1, 2018

SPX credit call spread (options)

Monday, 10/1/2018 (Expiration Monday)

Trade 1 (10:16:44 am, PT)  ←  SPX between 2928.40 & 2929.20

buy +6 Oct 1, 2018  2950 calls at $0.05  ←  cheap wings
sell -6 Oct 1, 2018  2930 calls at $1.55  

net credit:  $1.50 x 6 x 100 =  $900 (max profit)
buying power reduction:  ($12,000)


Trade 2 (12:26:25 pm, PT)

buy back short calls (2930) at $0.10 to take profits and remove the risk

PROFIT:  $840 (2 hours, 10 minutes)

Learn to SELL credit call spreads here!


Friday, September 28, 2018

SPX credit call spread (options)

Friday, 9/28/2018 (Expiration Friday)

Trade 1 (10:05:47 am, PT)  ←  SPX @ 2914.54

buy +6 Sept 28, 2018  2945 calls at $0.05 ← cheap wings
sell -6 Sept 28, 2018  2920 calls at $1.80  ←  29.70 delta

  • net credit:  $1.75 x 6 x 100 =  $1050 (max profit)
  • buying power reduction:  ($15,000)


Trade 2 (12:52:01 pm, PT)

buy back all 6 short calls (2920) at $0.05 to take profits and remove the risk

PROFIT:  $1020 (3 hours)

Note: SPX closed at 2913.98

Learn to SELL call spreads here!

SPX credit put spread (options)

Friday, 9/28/2018 (Expiration Friday)

Trade 1 (9:00:05 am, PT)  ←  SPX @ 2916.63

sell -4 Sept 28, 2018  2895 puts at $0.70  ←  9 delta (safe)
buy +4 Sept 28, 2018  2850 puts at $0.05 ←  cheap wings

net credit:  ($0.65) (4) (100)  =  $260 (max profit)
buying power reduction:  (2895 − 2850) (4) (100) = ($18,000)


Trade 2 (12:41:34 pm, PT)

buy back all 4 short puts (2895) at $0.05 to take profits and remove the risk

PROFIT:  $240 (3 hours, 41 minutes)

Note:  SPX closed at 2913.98

Learn to SELL put spreads here!


Tuesday, September 25, 2018

SPX options: $1122 profit in 3.5 hours

Monday 9/24/2018 (Expiration Monday)

Trade 1 (9:27:08 am, PT)    SPX @ 2915.81

buy +6 Sept 24, 2018  2935 calls at $0.05 (cheap wings)
sell -6 Sept 24, 2018  2920 calls at $1.25 21 delta

  • net credit:  $1.20 x 6 x 100 =  $720 (max profit)
  • buying power reduction:  $9,000


Trade 2 (12:24:11 pm, PT)    SPX @ 2920

sell -6 Sept 24, 2018  2920 puts at $1.35    50 delta
buy +6 Sept 24, 2018  2910 puts at $0.05 (cheap wings)

  • net credit:  $1.30 x 6 x 100 =  $780 (max profit)
  • buying power reduction:  none


After I added the vertical put spread, I ended up with the following position:
a "short straddle with wings"

long +6 Sept 24, 2018  2935 calls at $0.05
short -6 Sept 24, 2018  2920 calls at $1.25
short -6 Sept 24, 2018  2920 puts at $1.35
long +6 Sept 24, 2018  2910 puts at $0.05


At the Closing Bell .....

SPX closed at 2919.37 ("settlement value")

My entire vertical call spread was fine, but my short puts ended up in-the-money. 😶

CLICK HERE to find out what happened!

PROFIT:  $1122 (in 3.5 hours)

Thursday, September 20, 2018

IWM put options

Wednesday, 9/19/2018 (12:06:49 pm, PT)

sell -5 Oct 19, 2018  $165 puts at $1.16

Why did I place this trade?

  • it's a "down" day
  • stochastics in oversold region
  • 29 days 'til expiration
  • 26 delta


Thursday, 9/20/2018 (11:10:31 am, PT)

buy back all 5 puts at $0.71 

Why did I place this trade?

  • take profits (37% of max profit in ONE day)
  • remove the risk (of assignment)
  • free up the capital


PROFIT:  $225 (in ONE day)


Comments:

Don't be afraid to sell put options on a "down" day (especially if the stochastics are in the oversold region).

Buy back your short puts quickly when there's a big "up" day.

FREE LESSONS HERE!  LEARN TO SELL PUT OPTIONS!

Tuesday, September 18, 2018

SPX credit put spread (options)

Monday, 9/17/2018 (Expiration Day)

Trade 1 (11:45:23 am, PT)

sell -4 Sept 17, 2018  2890 puts at $0.40
buy +4 Sept 17, 2018  2875 puts at $0.05 (cheap wing)


Why did I place this trade?

It was late in the day and SPX appeared to stabilize around 2895.


Comments:

At 12:54 pm (PT), SPX was trading around 2886, so my short put (2890) was in-the-money (ITM) with only 4 minutes remaining.  It was time to ROLL my short puts to the next cycle (9/19/2018 expiration).  

Simply buying back the short puts without rolling or allowing them to expire ITM would have resulted in a loss of over $1000.


Trade 2 (12:54:55 pm, PT) ROLL

buy to close +4 Sept 17, 2018  2890 puts at $3.46
sell to open -4 Sept 19, 2018  2885 puts at $9.21

The roll gave me a new credit of $5.75

Then I had to buy (to open) 4 new wings with a Sept 19, 2018 expiration:
+4  Sept 19, 2018  2800 puts at $0.95 (debit)


Tuesday, 9/18/2018 (7:43:24 am, PT)

my preset buy-to-close order filled at $2.00

I'm going to leave open the 4 long puts ("wings") so I can use them again on 9/19/2018 (for my next vertical put spread).  Most likely they will expire worthless on 9/19/2018.


PROFIT:   $1260 (one day)




Thursday, September 13, 2018

QQQ put options

Wed. 9/12/2018 (11:00:26 am, PT) (QQQ at $182)

sell -4 Oct 19, 2018  $177 puts at $2.07

Why did I place this trade?

  • stochastics in oversold region
  • down day
  • attractive premiums
  • delta 31.54


Thu. 9/13/2018 (11:06:29 am, PT) (QQQ up $2.00)

buy back all 4 puts at $1.37

Why did I close this trade?

  • I made 33.16% of max profit in one day (ahead of schedule)
  • take quick profits
  • remove the risk
  • free up the capital

PROFIT:  $280 (in ONE day)

Learn to SELL put options here!

Wednesday, September 12, 2018

SPX credit put spread (options day-trade)

Wed. 9/12/2018 (EXPIRATION DAY)

Trade 1 (10:18:05 am, PT)

sell −4 Sept 12, 2018  2880 puts at $0.80 19.40 Delta
buy +4 Sept 12, 2018  2855 puts at $0.05 cheap "wing"

  • SPX was trading near 2886 when I placed this trade
  • buying power reduction:  ($10,000)



Trade 2 (12:27 pm, PT)

buy back all 4 short puts (2880) at $0.05 to remove the risk
let the long "wings" (2855) expire worthless

PROFIT:  $280

CLICK HERE TO WATCH THE VIDEO


Wednesday, August 29, 2018

SPX credit put spread (options)

Wednesday, 8/29/2018 (Expiration Wednesday)

Trade 1 (10:20:01 am, PT) SPX trading around 2913

sell -4 August 29, 2018  2910 puts at $1.00    delta 27.30
buy +4 August 29, 2018  2895 puts at $0.05 (cheap wings)


Trade 2 (12:45:13 pm, PT)

buy back short puts (2910) at $0.05 (to remove the risk)
let long puts (2895) expire worthless

PROFIT:  $380 (in 2.5 hours)



Monday, August 27, 2018

SPX credit put spread (options)

Monday, 8/27/2018 (Expiration Day)

Trade 1 (10:33:36 am, PT)

sell -4 August 27, 2018  2890 puts at $0.70
buy +4 August 27, 2018  2870 puts at $0.05 (cheap "wing")

Stats:

  • short put delta = 19.60
  • SPX trading at 2895.53
  • net credit (max profit) = $0.65 x 4 x 100 =  $260


Trade 2 (12:42:58 pm, PT)

buy back all short puts (2890) at $0.05

PROFIT:  $240 (in approx. 2 hours)

Note:  SPX closed at 2896.74 at 1 pm, PT


Learn to SELL PUT OPTIONS!


Friday, August 24, 2018

SPX credit put spread (options)

Friday, 8/24/2018 (Expiration Friday)

Trade 1 (8:29:32 am, PT) SPX trading around 2872

sell -4 August 24, 2018  2865 puts at $1.05 (delta 21.75)
buy +4 August 24, 2018  2835 puts at $0.05 (cheap wings)


Trade 2 (9:04:16 am, PT)

buy back short puts (2865) at $0.50 (to take profits)


Trade 3 (9:33:09 am, PT) SPX trading around 2874.50)

sell again -4 August 24, 2018  2865 puts at $0.55 (delta 12.58)


Trade 4 (12:23:18 pm, PT)

buy back short puts (2865) at $0.05 (to remove the risk)

PROFIT:  $400 (in 3.5 hours)

Note:  SPX closed at 2874.69 at 1:00 pm, PT



Monday, August 20, 2018

SPX credit put spread (options)

Monday, 8/20/2018 (Expiration Day)

Trade 1 (10:14:53 am, PT)

sell -4 August 20, 2018  2850 puts at $0.65
buy +4 August 20, 2018  2825 puts at $0.05

Stats:

  • delta for short put (2850):  15
  • net credit (max profit):  $0.60 x 4 x 100 =  $240
  • SPX trading at 2857


Trade 2 (12:31:12 pm, PT)

buy back short puts (2850) at $0.05

PROFIT:  $220 (in 2.25 hours)