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Thursday, November 20, 2014

Spiders (SPY) Nov 185 Put Options

9/24/2014 (8:57 am, PT)

sell to open 10 November 2014 $185 put options at $1.07

I GOT PAID $1070 up front!

Why did I place this trade on 9/24?  See my other SPY trades (below).


11/17/2014 (12:27 pm, PT)

buy to close all 10 puts at $0.01

NET PROFIT:  $1051.98   SUCCESS!!




Learn to SELL PUT OPTIONS and GET PAID up front.  It's easy, fun and profitable.
Learn on your own for FREE at YouTube or
Pay for 1-on-1 training (details at www.moneyandlilia.com).

Monday, November 17, 2014

Spiders (SPY) Nov 191 Put Option

9/24/2014 (9:18 am, PT)

sell to open 1 November 2014 $191 put option at $1.82
I GOT PAID $182 up front!

Why did I place this trade on 9/24/2014?
  • SPY was touching its 50 EMA (see chart)
  • bottom of stochastics (see chart)
  • probability of success = 73%

On 10/15/2014, SPY hit a low of $181.92 (see chart).  My put option was in-the-money by $9.08.  

YIKES!!


However, I was not at risk of early assignment because there was plenty of "extrinsic" value remaining in my put.  So.... I left it open and hoped for a recovery.  After all, what goes down must come up, right?


11/17/2014
buy to close my put option at $0.03

NET PROFIT:  $177.43   SUCCESS!



Learn to SELL PUT OPTIONS and GET PAID up front!  It's easy, fun and profitable.
Learn on your own for FREE at YouTube or
Pay for 1-on-1 training (details at www.moneyandlilia.com).



Thursday, November 13, 2014

Spiders (SPY) Nov 192 Put Options

9/24/2014 (9:03 am, PT)

sell to open 5 November 2014 $192 put options at $1.94

I received $970 immediately!

WHY did I place this trade on 9/24/2014?
  • SPY had come back down to its 50 EMA (see chart)
  • bottom of stochastics (see chart)
  • probability of success was 70%

On 10/15/2014, SPY dropped all the way down to $181.92 (see chart)

.

However, I was not at risk of early assignment because my put option still had plenty of "extrinsic" value remaining.  So, I left my position open.  What goes down must come up, right? 



11/13/2014 (10:41 am, PT)

buy to close all 5 puts at $0.09
WHY?
  • top of stochastics
  • take profits!
NET PROFIT:  $903.23   SUCCESS!



Learn to SELL PUT OPTIONS and GET PAID up front!  It's easy, fun and profitable!
Learn on your own for FREE at You Tube or
Pay for 1-on-1 training (details at www.moneyandlilia.com).

Wednesday, November 12, 2014

Spiders (SPY) Nov 188 Put Option

10/1/2014 (11:59 am, PT)

sell to open 1 Nov 2014 $188 put option at $2.54

I received $254 CASH immediately!

WHY did I place this trade on 10/1/2014?
  • SPY dropped 1.36% (when the underlying goes down, put prices rise)
  • "bottom" of stochastics (see chart)
  •  probability of success:  67%
Note:  SPY broke through its 50 EMA on 10/1/2014, so it may continue to drop (bad)

On 10/15/2014, SPY hit a low of $181.92 (see chart), so my Nov $188 put option was $6.08 in-the-money (bad).  However, I was not at risk of early assignment because there was a lot of "extrinsic" value remaining in my option.  

So.... I left my position open.  After all, what goes down must come up, right? 


11/10/2014 (7:14 am, PT)

buy to close my put option at $0.05 

NET PROFIT:  $241.18     SUCCESS!



By leaving my put option open, I was able to take advantage of SPY's recovery (see chart).

Learn to SELL PUT OPTIONS!  It's easy, fun and profitable!
Learn on your own for FREE at You Tube or
Pay for 1-on-1 training (details at www.moneyandlilia.com).

Tuesday, November 11, 2014

Russell 2000 ETF (IWM) Put Options

9/18/2014 (9:57 am) (FP)

sell (to open) 2 November 2014 $107 puts at $1.13

probability of success:  80%


11/10/2014 (7:07 am)

buy (to close) both puts at $0.05

NET PROFIT:  $206.44


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 private training (click on www.moneyandlilia.com for details).

Diamonds (DIA) Put Options

9/24/2014 (9:46 am) (FP)

sell (to open) 1 Nov 2014 $166 put at $1.74

probability of success:  69%


11/11/2014 (7:08 am)

buy (to close) at $0.05

NET PROFIT:  $160.23



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 private training (details at www.moneyandlilia.com).

Friday, November 7, 2014

IWM Put Options

3/5/2014 (RD)

sell (to open) 2 April 2014 $118 puts at $2.36

IWM was trading between $119.47 and $119.96 on 3/5/2014.

IWM dropped after I sold (to open) my puts, so I had to roll them FIVE times!  I was finally able to close the position on 11/7/2014 with a $769.58 profit on 11/7/2014.



The lesson:
Selling (to open) put options gave me a profit of $769.58.  If I had bought 200 shares of IWM instead on 3/5/2014, I would still be sitting on a loss of approximately $600 on 11/7/2014.  Selling put options is better than buying long a stock/ETF.

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 1-on-1 training.  Details at www.moneyandlilia.com.


QQQ Nov 2014 Put Options

10/9/2014 (11:47 am, PT) (RD)

sell (to open) 1 Nov 2014 $93 put at $1.18 (I got paid $118)

probability of success: 70%


11/7/2014 (6:30:02 am, PT)

buy (to close) at $0.05 (see chart)

TOTAL NET PROFIT:  $104.23 


The lesson:

On 10/9/2014, QQQ was touching the 50 EMA (possible support) and it's at the "bottom" of the stochastics, so it's a good time to SELL put options (see chart).

On 10/15/2014, QQQ dropped all the way down to $90.24 (see chart), so my put option was ITM.  However, I was not at risk of early assignment because there was a lot of extrinsic value remaining, so I left my option open (i.e., I didn't buy it back for a loss).

As always, I have a GTC, buy-to-close, limit order of $0.05 in place.  This order filled at the Opening Bell on Friday, 11/7/2014 (see chart).  Hallelujah!

The bottom line.....  instead of panicking on 10/15 and closing my trade at a loss, I left it alone and came out with a PROFIT!



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 1-on-1 training.  Details at www.moneyandlilia.com.