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Monday, October 10, 2016

Spiders (SPY) Put Options

Friday, 10/7/2016 (8:00 am, PT)

sold (to open) -10 Oct 14, 2016  $212.50 puts at $0.61


Monday, 10/10/2016 (1:14:50 pm, PT)

bought back all puts at $0.15

PROFIT:  $460 (in ONE trading day!)


SUCCESS!


Wednesday, October 5, 2016

SPY Put Options

Thu. 9/8/2016 (10:18:02 am, PT)

sell (to open) -10 Sep 16, 2016  $215 puts at $0.54

credit received:  $0.54 ($540)


Fri. 9/16/2016 (8:45:49 am, PT) (expiration)

buy (to close) +10 Sep 16, 2016  $215 puts at $1.83 (debit)
sell (to open) -10 Sep 30, 2016  $214 puts at $2.83 (credit)

new credit received:  $1.00 ($1000)

Comments: 

I "rolled" my Sep 16 short puts to the Sep 30 expiration cycle because:
  • my Sep 16 puts were in-the-money on Sep 16 (expiration)
  • simply buying back my ITM puts would have resulted in a LOSS of $1290 (I don't like to lose money)
  • I wanted to give my options more time
  • I wanted to collect another "credit"

Fri. 9/30/2016 (8:04:21 am, PT) (expiration)

buy back Sep 30 puts at $0.05 (debit)

PROFIT:  $1490


SUCCESS!

Comments:

By "rolling" my ITM puts, I was able to come out with a PROFIT in the end.




SPY Put Options

Fri. 9/16/2016 (10:49:42 am, PT)

sell -2  Oct 21, 2016  $207 puts at $2.11

Why did I place this trade?
  • stochastics in oversold region
  • 69% probability of success

Wed. 10/5/2016 (11:40:53 am, PT)

buy back puts at $0.34

PROFIT:  $354


SUCCESS!



SPY Put Options

Tue 10/4/2016 (11:26 am, PT) FP

sell (to open) -10 Oct 14, 2016  $209.50 puts at $0.61

Why did I place this trade?
  • big "down" day
  • 80% probability of success
  • 10 days 'til expiration (DTE)

Wed. 10/5/2016 (10:50 am, PT)

buy back all puts at $0.25

PROFIT:  $360 (in ONE day!!)


SUCCESS!



SPY Put Options

Wed. 9/28/2016 (8:02:18 am, PT)

sell (to open) -10 Oct 7, 2016  $211 puts at $0.61

Why did I place this trade?
  • 78% probability of success
  • 9 days 'til expiration


Fri. 9/30/2016 (9:40 am, PT)

buy back all puts at $0.23

PROFIT:  $380 (in TWO days!)

SUCCESS!


SPY Put Options

Wed. 9/14/2016 (12:23:27 pm, PT)

sell (to open) -1 Oct 21, 2016  $208 put at $2.96

Why did I place this trade?
  • stochastics in oversold region
  • 64% probability of success
  • 37 days 'til expiration


Wed. 10/5/2016 (8:45:09 am, PT)

buy back put at $0.44

PROFIT:  $252


SUCCESS!




SPY Put Options

Tue. 8/30/2016 (11:09:25 am, PT)

sell (to open) -1 Oct 5, 2016  $214 put at $2.23

Why did I place this trade?
  • stochastics in oversold region
  • 63% probability of success
  • 36 days 'til expiration

Wed. 10/5/2016 (6:30 am, PT)

buy back put at $0.08 (my preset closing order filled at Opening Bell)

PROFIT:  $215


SUCCESS!




Monday, October 3, 2016

QQQ Put Options

Tue. 8/30/2016 (10:41:54 am, PT)

sell -1 Oct 7, 2016  $115 put at $1.60

Why did I place this trade?

  • stochastics in oversold region
  • 60% probability of success

Mon. 10/3/2016 (12:46:40 pm, PT)

buy back put at $0.05

PROFIT:  $155

SUCCESS!