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!
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!
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!
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!
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!
Thu. 2/23/2017 (10:35:44 am, PT)
sell short -10 March 17, 2017 $230 puts at $0.85
probability of success: 79%
Wed. 3/1/2017 (11:05:11 am, PT)
buy back puts at $0.30
PROFIT: $550
SUCCESS!
Comment: President Donald Trump gave speech to Congress the previous evening
Fri. 2/24/2017 (9:59:18 am, PT)
sell short -1 April 7, 2017 2260 put at $9.80
Comments:
- probability of success: 82.30%
- credit received: $980
Wed. 3/1/2017 (9:04:14 am, PT)
buy back put at $5.40
PROFIT: $440
SUCCESS!
Comments:
- President Donald Trump gave speech to Congress the previous evening
Thu. 2/23/2017 (12:57:08 pm, PT) FP
sell short -1 April 7, 2017 2260 put at $9.80
Comments:
- credit received: $980
- probability of success: 82%
Wed. 3/1/2017 (8:06:23 am, PT)
buy back put at $5.80
PROFIT: $400
Comment:
- President Donald Trump gave his speech to Congress the previous evening
SUCCESS!
Wed. 2/22/2017 (1:06:20 pm, PT) RD
sell short -10 March 31, 2017 $228 puts at $1.03
Comments:
- probability of success: 80%
- FOMC minutes released at 11 am, 2/22/2017
Wed. 3/1/2017 (7:51:35 am, PT)
buy back puts at $0.59
Comments:
- President Donald Trump gave speech to Congress the previous night
PROFIT: $440
SUCCESS!
Wed. 2/22/2017 (11:18:29 am, PT)
sell short -10 March 10, 2017 $233.50 puts at $0.84
probability of success: 71%
Wed. 3/1/2017 (6:30:09 am, PT)
buy back puts at $0.26
PROFIT: $580
SUCCESS!
Comment: President Donald Trump gave speech to Congress the previous evening
Wed. 2/15/2017 (9:12:16 am, PT) FP
sell short -10 March 31, 2017 $225 puts at $1.03
probability of success: 80%
Wed. 2/22/2017 (10:51:30 am, PT)
buy back puts at $0.70
PROFIT: $330
SUCCESS!
Thu. 2/16/2017 (10:39:09 am, PT) FP
sell short -10 March 31, 2017 $223 puts at $0.91
probability of success: 83.50%
Wed. 2/22/2017 (10:51:52 am, PT)
buy back puts at $0.57
PROFITS: $340
SUCCESS!
Fri. 2/17/2017 (8:53:09 am, PT) FP
sell short -10 March 24, 2017 $226 puts at $0.96
probability of success: 80%
Wed. 2/22/2017 (10:39:29 am, PT)
buy back puts at $0.58
PROFIT: $380
SUCCESS!
Mon. 2/13/2017 (9:01:59 am, PT) RD
sell short -10 March 17, 2017 $226 puts at $1.09
probability of success: 77%
Tue. 2/14/2017 (9:57:30 am, PT)
buy back puts at $0.86
PROFIT: $230
SUCCESS!
Tue. 2/7/2017 (11:32:59 am, PT) FP
sell short -10 March 17, 2017 $220 puts at $1.04
probability of success: 80%
Thu. 2/9/2017 (11:39:12 am, PT)
buy back puts at $0.71
PROFIT: $330
SUCCESS!
Mon. 2/6/2017 (11:32:03 am, PT) FP
sell short -10 March 24, 2017 $220 puts at $1.33
probability of success: 77.36%
Thu. 2/9/2017 (11:39:46)
buy back puts at $0.91
PROFIT: $420
SUCCESS!
Thu. 1/26/2017 (9:44:05 am, PT)
sell short − 10 Feb 17, 2017 $225.50 puts at $0.89
- credit received: $890
- probability of success: 73.18%
Fri. 2/3/2017 (11:48:45 am, PT)
buy to close puts at $0.47
PROFIT: $420 (in ONE week)
SUCCESS!
Wed. 2/1/2017 (10:28:01 am, PT) FP
sell short -10 March 17, 2017 $217 puts at $1.11
probability of success: 81%
Fri. 2/3/2017 (10:21:28 am, PT)
buy back puts at $0.76
PROFIT: $350
SUCCESS!
Wed. 1/25/2017 (7:53:20 am, PT)
sell short − 10 Feb 10, 2017 $225 puts at $0.55
- credit received: $550
- probability of success: 80%
Fri. 2/3/2017 (11:48:45 am, PT)
buy to close puts at $0.15
PROFIT: $400
SUCCESS!
Wed. 2/1/2017 (10:10:47 am, PT)
sell short −10 Feb 3, 2017 $226.50 puts at $0.36
- credit received: $360
- probability of success: 70%
Fri. 2/3/2017 (8:12:16 am, PT) ← Expiration Friday
buy back puts at $0.01
Comment: Even though my put options were $3 out-of-the-money on Expiration Friday, I decided to go ahead and spend 1 cent ($10 for 10 contracts) to buy back my puts to avoid any last-minute disasters.
PROFIT: $350 in 2 days!
SUCCESS!
