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Friday, February 26, 2016

Gold (GLD) Call Options

2/17/2016 (11:45:46 am, PT)

sell (open) -10 Feb 26, 2016 (week 4)  $119.50 calls at $0.52

Why did I place this trade?
  • stochastics in "overbought" region
  • 80% probability of success


2/26/2016 (7:53:12 am, PT)  (Expiration Friday)

buy back all 10 calls at $0.01

Why did I place this trade?
  • to remove the risk of assignment
  • to protect my profits

PROFIT:  $510 (in 10 days)


SUCCESS!



Wednesday, February 24, 2016

Spiders (SPY) Feb Call Options

Thursday, 2/18/2016 (8:33:40 am, PT)

sold (open) -10 Feb 26, 2016 (wk 4)  $197.50 calls at $0.27

Why did I place this trade?
  • stochastics in overbought region


Wednesday, 2/24/2016 (7:09:48 am, PT)

bought back all 10 calls at $0.02

PROFIT:  $250 (in 5 trading days)


SUCCESS!



Tuesday, February 23, 2016

SPY March Call Options

Thursday, 2/18/2016 (9:26:03 am, PT) RD

sold -2 March 2016  $199 calls at $1.19

Why did I place this trade?
  • stochastics in overbought region
  • 78% probability of success


Tuesday, 2/23/2016 (9:19:15 am, PT)

bought back both calls at $0.88

Why did I close my position so soon?
  • To take profits

PROFIT:  $62


SUCCESS!


Wednesday, February 17, 2016

QQQ Put Options

2/12/2016 (10:00:20 am, PT)

sell -10 Feb 2016  $92 puts at $0.23

probability of success:  90%


2/17/2016 (6:30:31 am, PT)

buy back puts at $0.02

PROFIT:  $210 (in 3 trading days)

SUCCESS!


Tuesday, February 16, 2016

Tesla (TSLA) Feb Put Options

Friday 2/12/2016 (11:04:31 am, PT) FP

sold (open) -10 Feb 2016  $123 puts at $0.35

Why did I place this trade?

  • stochastics in oversold region
  • TSLA just reported earnings (so no more surprises)
  • implied volatility still high (so high premiums)
  • 3-day weekend (so 3 days of theta time decay ... I LOVE 3-day weekends)
  • 94% probability of success (high)

Tuesday 2/16/2016 (12:32:19 pm, PT)

buy back all 10 puts at $0.03

Comment:
This is absolutely amazing.  My trade filled at $0.03 even though the "mid" price was $0.14.  
I figured the market makers must have wanted to make $30 instead of nothing.  Good for them for taking my bid!

PROFIT:  $320 (in TWO trading days!)


SUCCESS!



SELL PUT OPTIONS when the IV is inflated.
Learn on your own for FREE by watching MY YOUTUBE VIDEOS HERE or
PAY for private training (details HERE). 

Spiders (SPY) Feb Put Options

1/12/2016 (10:33:26 am, PT)

sell (open)  -2 Feb 2016  $174 puts at $1.05

Why did I place this trade?

  • stochastics in oversold region
  • high implied volatility
  • 86% probability of success


2/16/2016 (12:19:54 pm, PT)

buy back both puts at $0.03

PROFIT:  $204


SUCCESS!





SELL PUT OPTIONS when the IV is inflated.
Learn on your own for FREE by watching MY YOUTUBE VIDEOS HERE or
PAY for private training (details HERE). 


Friday, February 12, 2016

Spiders (SPY) Feb Strangle

Tuesday 2/2/2016 (10:08:03 am, PT)

sell -10 Feb 12 2016 (wk 2)  $198 calls at $0.24 (prob ITM = 10%)
sell -10 Feb 12 2016 (wk 2)  $181 puts at $0.39 (prob ITM = 10%)


Friday 2/5/2016 (1:03:54 pm, PT)

buy back the 10 calls at $0.05 


Friday 2/12/2016 (7:46:49 am, PT)

buy back the 10 puts at $0.04

Comment:
Even though 2/12/2016 was Expiration Friday, I went ahead and bought back my short puts anyway just to be safe.

TOTAL PROFIT:  $540 (in 10 calendar days)


SUCCESS!



Spiders (SPY) Feb Call Options

2/2/2016 (11:37:32 am, PT) RD

sell -2 Feb 2016  $195 calls at $1.17

Why did I place this trade?
  • stochastics in overbought region
  • 75% probability of success

2/12/2016 (12:58:32 pm, PT)

buy back both calls at $0.05

PROFIT:  $224 (in 10 calendar days)


SUCCESS!





Check out my impeccable timing!

Thursday, February 11, 2016

Tesla (TSLA) Feb earnings play

2/10/2016 (12:58:42 pm, PT)

sold -2 Feb 12, 2016 (wk 2)  $105 puts at $1.05

Why did I place this trade?
  • TSLA was announcing earnings after the Closing Bell
  • the "expected move" was plus or minus $22.51
  • TSLA was trading around $143.67 when I placed the trade
  • probability of success:  90%


2/11/2016 (10:43:20 am, PT)  ....  ONE day later 

buy back both puts at $0.02

PROFIT:  $206  (in ONE day!!!!)


SUCCESS!



SELL PUTS and/or CALLS right before earnings announcements when the IV is high and premiums are inflated.
Learn on your own for FREE by watching MY VIDEOS HERE or
PAY for one-on-one training (details HERE).

Thursday, February 4, 2016

Spiders (SPY) Feb Put Options

1/12/2016 (11:18:23 am, PT)  FP

sell -2 Feb 2016  $165 puts at $0.53 (credit)

Why did I place this trade?

  • stochastics in oversold region (see scary-looking chart HERE!)
  • high implied volatility
  • probability of success:  92.37% (very high)


2/4/2016 (7:16:23 am, PT)

Click HERE to see chart (notice stochastics in overbought region?)

buy back both puts at $0.05 (debit)

PROFIT:  $96


SUCCESS!




SELL PUTS when the IV is high and GET PAID UP FRONT!
Learn on your own for FREE by watching MY VIDEOS HERE or
PAY for private lessons (details HERE).