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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!



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