This YouTube video (click here) demonstrates how I (Lilia) closed my profitable options trades on Expiration Friday. I also explain the timing for each strategy and how I selected the strike prices.
The following 3 trades were done in my options class.
TRADE 1 (sell "naked" put on GLD)
6/2/2014 (check out my impeccable timing!)
sell (to open) 1 July 2014 $117 put at $1.27
7/18/2014 (exp)
let this put expire
Gross profit: $127
TRADE 2 (buy "debit put spread" on RAD)
6/6/2014 (see timing on chart)
buy (to open) 10 July 2014 $8 puts at $0.55
sell (to open) 10 July 2014 $7 puts at $0.25
Net debit: $0.30 or $300 ($0.30 x 10 x 100 = $300)
7/18/2014 (exp)
sell (to close) the July $8 puts only at $0.90
let the July $7 puts expire
Gross profit: $600
TRADE 3 (buy "calendar spread" on XLI)
6/9/2014 (check out my impeccable timing!)
buy (to open) 1 Sept 2014 $54 put at $1.08
sell (to open) 1 July 2014 $54 put at $0.40
Net debit: $0.68 or $68 ($0.68 x 1 x 100 = $68)
7/18/2014 (exp)
sell (to close) Sept $54 put at $1.17
let July $54 put expire
Gross profit: $49 (ROC = 72% in 5 weeks) .... that's right....72% ROC!
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Learn to trade OPTIONS. It's easy, fun and PROFITABLE!
Learn on your own for FREE (www.youtube.com/user/moneyandlilia) or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com)
Visit me daily to be entertained and educated about the wild world of options trading!
Friday, July 18, 2014
SPY July Put Options
6/13/2014
sell (to open) 10 July 2014 $184 puts at $0.64
(received $640 cash)
probability of success: 86.48%
7/18/2014 (exp)
SPY closed above $184. Success! Let puts expire.
NET PROFIT: $632.24
Learn to SELL PUT OPTIONS and GET PAID up front. It's easy, fun and profitable!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com).
sell (to open) 10 July 2014 $184 puts at $0.64
(received $640 cash)
probability of success: 86.48%
7/18/2014 (exp)
SPY closed above $184. Success! Let puts expire.
NET PROFIT: $632.24
Learn to SELL PUT OPTIONS and GET PAID up front. It's easy, fun and profitable!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com).
SPY July Put Options
6/10/2014
sell (to open) 10 July 2014 $185 puts at $0.50
(received $500 cash)
probability of success: 88.63%
7/18/2014 (exp)
SPY closed above $185. Success! Let puts expire.
NET PROFIT: $492.24
-------------------------------------------------------------
Learn to SELL PUT OPTIONS. It's easy, fun and profitable!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com).
sell (to open) 10 July 2014 $185 puts at $0.50
(received $500 cash)
probability of success: 88.63%
7/18/2014 (exp)
SPY closed above $185. Success! Let puts expire.
NET PROFIT: $492.24
-------------------------------------------------------------
Learn to SELL PUT OPTIONS. It's easy, fun and profitable!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com).
SPY July Put Options
6/23/2014
sell (to open) 10 July 2014 $183 puts at $0.21
probability of success: 93.61%
7/18/2014 (exp)
SPY closed above $183. Success! Let puts expire.
NET PROFIT: $202.25
Learn to SELL PUT OPTIONS and GET PAID up front. It's easy, fun and profitable!
Learn for FREE at www.youtube.com/user/moneyandlilia or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com).
sell (to open) 10 July 2014 $183 puts at $0.21
probability of success: 93.61%
7/18/2014 (exp)
SPY closed above $183. Success! Let puts expire.
NET PROFIT: $202.25
Learn to SELL PUT OPTIONS and GET PAID up front. It's easy, fun and profitable!
Learn for FREE at www.youtube.com/user/moneyandlilia or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com).
SPY Ratio Spread (options)
6/24/2014
+5 July 2014 $195 puts at $1.54
-10 July 2014 $194 puts at $1.23
Net credit: $0.92
7/18/2014 (exp)
buy (to close) 5 July $194 puts at $0.04 (to remove the risk)
NET PROFIT: $421.24
Lessons:
-------------------------------------------------------------
Learn to SELL PUT OPTIONS. It's easy, fun and profitable!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com).
+5 July 2014 $195 puts at $1.54
-10 July 2014 $194 puts at $1.23
Net credit: $0.92
7/18/2014 (exp)
buy (to close) 5 July $194 puts at $0.04 (to remove the risk)
NET PROFIT: $421.24
Lessons:
- on 6/24/2014, the July $194 put had a 38% probability of expiring ITM
- early in the morning on 7/18/2014 (exp), the July $195 put was trading around $0.07; I decided to sacrifice the small gain for the possibility of making a little more money later that day (if SPY goes down to $194)
-------------------------------------------------------------
Learn to SELL PUT OPTIONS. It's easy, fun and profitable!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com).
Wednesday, July 16, 2014
SPY July Put Options
6/24/2014 (RD)
+4 July 2014 $193 puts at $1.42
-8 July 2014 $192 puts at $1.17
Net credit: $0.92 or ($0.92) (4) (100) = $368 cash received (gross)
7/16/2014 (3 days before exp)
buy (to close) July $192 puts at $0.03
TOTAL NET PROFIT: $338.62
LESSONS:
----------------------------------------
Learn to trade PUT OPTIONS. It's easy, fun and profitable!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or.....
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com)
+4 July 2014 $193 puts at $1.42
-8 July 2014 $192 puts at $1.17
Net credit: $0.92 or ($0.92) (4) (100) = $368 cash received (gross)
7/16/2014 (3 days before exp)
buy (to close) July $192 puts at $0.03
TOTAL NET PROFIT: $338.62
LESSONS:
- on 6/24/2014, the July $192 puts had a 33% chance of expiring ITM
- I closed the July $192 puts on 7/16 to remove the risk from my portfolio
- if SPY closes below $192 on Friday, 7/18/2014, I will make another $400 on this trade
----------------------------------------
Learn to trade PUT OPTIONS. It's easy, fun and profitable!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or.....
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com)
SPY July Put Options
6/24/2014 (FP)
sold (to open) 2 July 2014 $191 puts at $0.73
probability of success: 70%
7/16/2014 (3 days before exp)
buy (to close) both options at $0.03
NET PROFIT: $130.44
-----------------------------------------
Learn to SELL PUT OPTIONS. It's easy, fun and profitable!
Learn on your own for FREE (www.youtube.com/user/moneyandlilia) or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com)
sold (to open) 2 July 2014 $191 puts at $0.73
probability of success: 70%
7/16/2014 (3 days before exp)
buy (to close) both options at $0.03
NET PROFIT: $130.44
-----------------------------------------
Learn to SELL PUT OPTIONS. It's easy, fun and profitable!
Learn on your own for FREE (www.youtube.com/user/moneyandlilia) or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com)
Tuesday, July 15, 2014
DIA July Put Options
6/11/2014 (FP)
sell (to open) 4 July 2014 $165 puts at $1.13
probability of success: 70%
7/15/2014 (4 days before exp)
buy (to close) all puts at $0.05
NET PROFIT: $420.83 (ROC 3.34% in 1 month)
--------------------------------------------------------
Learn to SELL PUT OPTIONS. It's easy, fun and profitable!
Learn on your own for FREE (www.youtube.com/user/moneyandlilia) or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com)
sell (to open) 4 July 2014 $165 puts at $1.13
probability of success: 70%
7/15/2014 (4 days before exp)
buy (to close) all puts at $0.05
NET PROFIT: $420.83 (ROC 3.34% in 1 month)
--------------------------------------------------------
Learn to SELL PUT OPTIONS. It's easy, fun and profitable!
Learn on your own for FREE (www.youtube.com/user/moneyandlilia) or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com)
DIA July Put Options
6/11/2014 (RD)
sell (to open) 2 July 2014 $165 puts at $1.13
probability of success: 70%
7/15/2014 (4 days before exp)
buy (to close) both puts at $0.05
NET PROFIT: $206.43 (ROC 3.28% in 1 month)
-----------------------------------------------------
Learn to SELL PUT OPTIONS. It's easy, fun and profitable!
Learn on your own for FREE (www.youtube.com/user/moneyandlilia) or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com)
sell (to open) 2 July 2014 $165 puts at $1.13
probability of success: 70%
7/15/2014 (4 days before exp)
buy (to close) both puts at $0.05
NET PROFIT: $206.43 (ROC 3.28% in 1 month)
-----------------------------------------------------
Learn to SELL PUT OPTIONS. It's easy, fun and profitable!
Learn on your own for FREE (www.youtube.com/user/moneyandlilia) or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com)
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