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Monday, April 24, 2017

SPX put option

Wednesday, 4/19/2017 (9:14:21 am, PT)

sold -1 May 5, 2017  2285 put at $7.50

  • credit received:  $750
  • probability of success:  80%


Monday, 4/24/2017 (6:52:38 am, PT)

bought back put at $2.20

PROFIT:  $530

SUCCESS!



SPX put option

Tuesday, 4/18/2017 (9:59:35 am, PT)

sold -1 April 24, 2017  2285 put at $5.30

  • credit received:  $530
  • probability of success:  82.40%


Comment: The "implied volatility" was very high on 4/18.  That's why I was able to collect $5.30 for a one-week option with a 82.40% probability of expiring OTM.  That was pretty amazing.

So .... the next time you see opportunities like this, jump in and sell some OTM put options.

"How do I sell put options?" you might ask.
Watch my FREE videos HERE.


Monday, 4/24/2017 (6:37:37 am, PT)

bought back put at $0.05

Comment:  I decided to go ahead and buy back my put for 5 cents just to be safe.

PROFIT:  $525 (in 5 trading days)

SUCCESS!


SPX put options

Friday, 4/21/2017 (12:58:06 pm, PT)

sold -2 April 24, 2017  2280 puts at $2.55
  • credit received: $510
  • probability of success: 90% (very, very high)

Comment: The put premiums were EXTREMELY high on 4/21 due to the elevated "implied volatility."  Normally, a ONE-DAY option with a 90% probability of expiring OTM would not be trading at $2.55!  It was amazing!

So ... the next time you see an opportunity like this, jump in and SELL some OTM put options!

"How do I sell OTM put options?" you might ask.

Watch my FREE videos HERE!


Monday, 4/24/2017 (6:39:29 am, PT)

bought back puts at $0.05

Comment:  Even though 4/24 was Expiration Monday, I chose to buy back my short puts at 5 cents just to be safe.

PROFIT:  $500 (in 2 trading days)

SUCCESS!


SPX put option

Fri. 3/31/2017 (9:54:50 am, PT) FP

sold -1 May 12, 2017  2280 put at $11.90

  • credit received:  $1190
  • probability of success:  80%


Mon. 4/24/2017 (6:55:16 am, PT)

buy back put at $4.20

PROFIT:  $770

SUCCESS!


SPX put option

Fri. 4/7/2017 (12:38:03 pm, PT) FP

sold -1 May 12, 2017  2235 put at $8.50

  • credit received:  $850
  • probability of success:  85.16%


Mon. 4/24/2017 (6:52:27 am, PT)

buy back put at $2.35

PROFIT:  $615

SUCCESS! 



SPX put option

Wed. 4/5/2017 (11:35 am, PT) FP

sold -1  May 12, 2017  2240 put at $6.10

  • credit received:  $610
  • probability of success:  88%

Mon. 4/24/2017 (6:52:45 am, PT)

buy back put at $2.50 (debit)

PROFIT:  $360 

SUCCESS!