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Friday, October 30, 2015

Expedia (EXPE) Earnings Play

10/29/2015 (12:48:54 pm, PT)

sell -1 Oct 30, 2015  $114 put at $1.20

Notes:

  • this is a 1-day trade
  • "earnings play"
  • 84% probability of success
  • "expected move" was $10



10/30/2015 (expiration)

EXPE closed at $136.30

my put option expired perfectly

GROSS PROFIT:  $120

Success!



Have some fun and trade OPTIONS!
Learn on your own for FREE by watching my YouTube videos HERE or
Pay for 1-on-1 training (details HERE).

Thursday, October 29, 2015

Apple (AAPL) Earnings Play

10/27/2015 (12:58:56 pm, PT)

sold -1 Oct 30, 2015  $101 put at $0.35

Notes:

  • This is an "earnings play" (taking advantage of inflated premiums).  
  • I haven't traded AAPL in a long time, so I wanted to be cautious and sell just one contract.
  • AAPL was around $114.55 and the "expected move" was around $6.64 when my trade filled.
  • The strike price that I selected was twice the "expected move" (being cautious).



10/29/2015 (6:30:25 am, PT)

buy back my put at $0.01 to remove the risk


GROSS PROFIT:  $34

Success!




Trade OPTIONS and have some fun around earnings season!
Learn on your own for FREE by watching my YouTube videos HERE or
Pay for one-on-one, online training (details HERE).

Friday, October 23, 2015

Spiders (SPY) Put Options

7/21/2015 (11:49:44 am, PT)  RD

sell  -3 Sept 2015  $205 puts at $2.37

probability of success:  68%



8/24/2015 (8:51:01 am, PT)

The Dow dropped 1000 points this morning.



roll Sept 2015  $205 puts to Nov 2015  $205 puts
net credit:  $1.75



10/23/2015 (12:00:13 pm, PT)

buy back all 3 Nov 2015  $205 puts at $1.98

GROSS PROFIT:  $642

Success!



Learn to SELL OPTIONS.  
If your trade goes against you, you can make adjustments so you'll be profitable in the end.

Learn on your own for FREE by watching my YouTube videos HERE or
Pay for customized, private training (details HERE).

Thursday, October 22, 2015

Spiders (SPY) Jade Lizard (options)

7/22/2015 (12:40:03 pm, PT)  stoch top

+4  Aug 28, 2015  $217 calls  (16% prob ITM)
-4  Aug 28, 2015  $216 calls  (21% prob ITM)
-4  Aug 28, 2015  $205 puts  (25% prob ITM)

Net credit:  $1.52


8/21/2015 (8:19:55 am, PT)

Roll Aug 28, 2015  $205 puts to Sept 2015  $205 puts

Net credit:  $2.14 (nice)



8/24/2015 (8:20:54 am PT)

  • Dow dropped 1000 points at the Opening Bell


  • Roll Sept 2015  $205 puts to Oct 2015  $205 puts 
  • Net credit:  $0.75



8/28/2015 (expiration)

  • SPY closed at $199.24
  • Credit call spread expired perfectly



9/18/2015 (10:46:18 am, PT)

  • Roll Oct 2015  $205 puts to Nov 2015  $204 puts (roll down 1 strike)
  • Net credit:  $0.65



10/22/2015 (1:02:45 pm, PT)  stoch top

buy back all 4 Nov 2015  $204 puts at $2.50

NET PROFIT:  $994.31

Success!



Learn to SELL OPTIONS.  
If your trade goes against you, you can make adjustments so you'll be profitable in the end.

Learn on your own for FREE by watching my YouTube videos HERE or
Pay for customized, private training (details HERE).

Spiders (SPY) Put Options

7/28/2015 (11:31:08 am, PT) 

sell  -4 September 2015  $205 puts at $2.82


Why did I place this trade?
  • stochastics in oversold region
  • 62% probability of success
 

8/24/2015 (8:23:08 am, PT)
Dow dropped 1000 points at the Opening Bell


Roll Sept 2015 $205 puts to Oct 2015  $205 puts
Net credit:  $0.70



9/18/2015 (11:22:50 am, PT)

Roll Oct 2015  $205 puts to Nov 2015  $204 puts (rolled down 1 strike)

Net credit:  $0.70



10/22/2015 (1:02:45 pm, PT)
stochastics at top

buy back all 4 Nov 2015  $204 puts at $2.50

NET PROFIT:  $650.96

Success!



Learn to SELL PUT OPTIONS.  
If your trade goes against you, you can make adjustments so you'll be profitable in the end.

Learn on your own for FREE by watching my YouTube videos HERE or
Pay for customized, private training (details HERE).


Spiders (SPY) Jade Lizard (options)

7/21/2015 (11:58:50 am, PT)  RD
stochastics top

+7 Aug 28, 2015  $217 calls at $0.67  (18% prob ITM)
-7 Aug 28, 2015  $216 calls at $0.95  (23% prob ITM)
-7 Aug 28, 2015  $204 puts at $1.18  (23% prob ITM)

Net credit:  $1.46



8/12/2015 (6:30:02 am, PT)
stochastics bottom

buy back all 7 of the $216 short calls at $0.05



8/24/2015 (7:09:04 am, PT)
The Dow dropped 1000 points at the Opening Bell


 
Roll to Nov 2015  $204 puts 

Net credit:  $3.89 (nice!)



8/28/2015 (expiration)

The Aug 28, 2015  $217 long calls expired "worthless"



10/22/2015 (10:40:11 am, PT)

buy back all 7 Nov $204 puts at $2.64

GROSS PROFIT:  $1862


Success!



Learn to SELL OPTIONS.  
If your trade goes against you, you can make adjustments so you'll be profitable in the end.

Learn on your own for FREE by watching my YouTube videos HERE or
Pay for customized, private training (details HERE).



Spiders (SPY) Put Options

7/21/2015 (11:38:56 am, PT)  FP

sold  -4 August 28, 2015  $205 puts at $1.30

probability of success:  75%

Note:
  • I was impatient and sold (to open) these puts even though the timing was horrible (i.e., the stochastics were in the "overbought" region)
  • On August 28 (expiration), these options did, indeed, end up in-the-money



8/21/2015 (7:42:02 am, PT)

Roll all 4 August $205 puts to October 2, 2015  $200 puts
Net credit:  $0.45

Note:
  • The net credit of $0.45 is very small, but I wanted to roll down my strikes for safety.



8/24/2015 (6:59:29 am, PT)

The Dow dropped 1000 points at the Opening Bell.


Roll all 4 Oct 2, 2015  $200 puts to November 2015  $200 puts
Net credit:  $1.55



10/22/2015 (10:33:11 am, PT) 

buy back all 4 Nov 2015  $200 puts at $1.58

Why did I close this trade?
  • stochastics in overbought region
  • SPY up 1.69% today

GROSS PROFIT:  $688

Success!




Learn to SELL OPTIONS.  
If your trade goes against you, you can make adjustments so you'll be profitable in the end.

Learn on your own for FREE by watching my YouTube videos HERE or
Pay for customized, private training (details HERE).