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Friday, May 4, 2018

SPX CREDIT PUT SPREAD

Friday, 5/4/2018 (9:52:06 am, PT)

sell to open -2 May 4, 2018  2650 puts at $2.15
buy to open +2 May 4, 2018  2605 puts at $0.10

Facts:

  • credit:  $2.05 = $410 max profit
  • delta for short put:  28.42 (> 70% chance of success)
  • margin requirement:  $9000
  • expiration day:  May 4 (same day)


Why did I place this trade?

  • SPX was trending up in the morning (strong trend)
  • this is a same-day trade to take advantage of theta time decay



Friday, 5/4/2018 (12:41:37 pm, PT)

buy to close short puts at $0.05
let long puts expire worthless (sacrifice of $20)

Note:  SPX closed at 2663.42

TOTAL PROFIT:  $400 (in 3 hours)  .....  4.40% ROC





LEARN TO SELL PUT OPTIONS

Wednesday, May 2, 2018

SPX credit call spread

Wed. 5/2/2018 (10:20:03 am, PT)

buy +1 May 2, 2018  2685 call at $0.12
sell -1 May 2, 2018  2665 call at $1.37

  • stochastics:  overbought
  • FOMC conference call at 11 am (PT)
  • expiration:  1 pm (PT)
  • net credit (max profit):  $1.25 x 1 x 100 =  $125
  • delta of short call (2665):  19
  • margin:  $2000


Wed. 5/2/2018 (12:03:50 pm, PT)

  • buy back short call (2665) at $0.05
  • let long call (2685) expire


PROFIT:  $120

Learn to SELL call options here

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Friday, April 13, 2018

RUT index short put options

Monday, 4/9/2018 (9:30:02 am, PT)

sell -2 April 13, 2018  1455 puts at $0.95

probability of success:  95%


Tuesday, 4/10/2018 (11:53 am, PT)

buy back puts at $0.50

PROFIT:  $90


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SPX short strangle

Fri. 4/13/2018 (9:22:31 am, PT)

sell -1 April 13, 2018  2670 call at $3.00 (33 delta)
sell -1 April 13, 2018  2650 put at $2.20 (21 delta)

net credit (max profit):  $5.20 x 1 x 100 =  $520
expiration:  1 pm (PT)

Fri. 4/13/2018 (12:11:36 pm, PT)

buy back call at $0.05

Fri. 4/13/2018 (12:58:56 pm, PT)

buy back put at $0.05

PROFIT:  $510


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Wednesday, April 11, 2018

SPX short call option

Tue. 4/10/2018 (11:02:53 am, PT)

sell -1 April 11, 2018  2690 call at $3.20

probability of success:  83%


Tue. 4/10/2018 (12:54:11 pm, PT)

buy back call at $2.00

PROFIT:  $120



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SPX short call option

Wed. 4/11/2018 (9:10:19 am, PT)

sell -1 April 11, 2018  2665 call at $4.10

  • FOMC minutes at 11 am (PT)
  • expiration at 1 pm (PT)
  • probability of success:  64%


Wed. 4/11/2018 (10:45:29 am, PT)

buy back call at $1.00

PROFIT:  $310 (in 95 minutes)


Comment:  
SPX closed at 2642.19.  If I had held my call option until expiration, I would have made $410.  However, I'm fine with closing my trade when I did and making $310 in only 95 minutes.

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SPX short call option

Wed. 4/11/2018 (11:06:18 am, PT)

sell -1 April 11, 2018  2660 call at $3.10

  • FOMC minutes at 11 am (PT)
  • probability of success:  69%
  • expiration:  1 pm (PT)


Wed. 4/11/2018 (12:13:25 pm, PT)

buy back call at $0.05

PROFIT:  $305


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Monday, April 9, 2018

RUT index put options

Friday, 4/6/2018 (12:52:59 pm, PT)

sell -2 April 13, 2018  1450 puts at $2.55

probability of success:  90%


Monday, 4/9/2018 (9:29:13 am, PT)

buy back puts at $0.95

PROFIT:  $320


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Friday, April 6, 2018

SPX short strangle (options)

Wed. 4/4/2018 (10:32:09 am, PT)

sell -1 April 6, 2018  2680 call at $1.12 (delta 5.75)
sell -1 April 6, 2018  2470 put at $1.13 (delta 3.50)

net credit:  $2.25 x 1 x 100  =  $225


Wed. 4/4/2018 (12:51:42 pm, PT)

buy back 2470 put at $0.15
let 2680 short call expire (SPX closed at 2604.47 on April 6)

PROFIT:  $210



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Wednesday, April 4, 2018

RUT index short strangle

Wed. 4/4/2018 (11:43:44 am, PT)

sell -2 April 13, 2018  1585 calls at $2.03 (delta 7)
sell -2 April 13, 2018  1415 puts at $1.42 (delta 7)

net credit (max profit):  $3.45 x 2 x 100 = $690
expiration:  in 9 days


Fri. 4/6/2018 (9:01:18 am, PT)

buy back calls at $0.92
buy back puts at $0.93
(net debit:  $1.85)

PROFIT:  $320 (in 2 days)


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Tuesday, April 3, 2018

SPX short put option

Monday, 4/2/2018 (11:17:06 am, PT)

sell -1 April 6, 2018  2285 put at $1.00

  • probability of success:  98%
  • day 'til expiration:  4


Tuesday, 4/3/2018 (10:20:17 am, PT)

buy back put at $0.30

PROFIT:  $70


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RUT short put options

Tue. 4/3/2018 (10:35:59 am, PT)

sell -2 April 20, 2018  1390 puts at $3.80

probability of success:  90%


Tue. 4/3/2018 (12:01:11 pm, PT)

buy back puts at $3.20

PROFIT:  $120


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Wednesday, February 28, 2018

SPX short call option

Tue. 2/27/2018 (8:59:55 am, PT)

sell -1 March 2 2018  2830 call at $1.05

probability of success:  94%


Wed. 2/28/2018 (12:27:41 pm, PT)

buy back call at $0.05

PROFIT:  $100


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Monday, February 12, 2018

VIX short put option

Thu. 2/8/2018 (12:39 pm, PT)

sell -1 February 14, 2018  $20 put at $0.52

delta:  8.18

Mon. 2/12/2018 (7:31:21 am, PT)

buy back put at $0.10

PROFIT:  $42



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Thursday, January 25, 2018

SPX put options

Thu. 1/25/2018 (11:55:24 am, PT) FP

sold short -2 Feb 28, 2018  2720 puts at $8.60

probability ITM:  15.70%


Thu. 1/25/2018 (1:14:31 pm, PT)

bought back puts at $7.70

PROFIT:  $180 (in 1 hour, 15 minutes)





SPX put options

Wed. 1/24/2018 (10:16:53 am, PT)

sold short -1 Feb 28, 2018  2720 put at $10.50

probability ITM:  17.50%


Thu. 1/25/2018 (10:52:14 am, PT)

bought back put at $7.20

PROFIT:  $330 (in ONE DAY)




Wednesday, January 24, 2018

SPX put options

Wed. 1/24/2018 (10:07:39 am, PT) FP

sold short -2 Feb 28, 2018  2725 puts at $10.30

probability ITM:  17%


Wed. 1/24/2018 (11:45:45 am, PT)

bought back puts at $7.90

PROFIT:  $480  (in about 90 MINUTES!!!)





Tuesday, January 23, 2018

SPX put option

Fri. 1/12/2018 (10:10:55 am, PT)  FP

sold short -1 Feb 23, 2018  2675 put at $8.00

probability ITM (Delta):  15.17%


Tue. 1/23/2018 (12:40:20 pm, PT)

bought back puts at $4.00

PROFIT:  $400 




Monday, January 22, 2018

Spiders (SPY) put options

Tue. 1/16/2018 (12:59:30 pm, PT)  RD

sold short -4 Feb 23, 2018  $268 puts at $1.16

probability ITM:  20%


Mon. 1/22/2018 (9:21:20 am, PT)

bought back puts at $0.54

PROFIT:  $248  (52.61% of max profit in 6 days)




Friday, January 19, 2018

SPY Put Options

Thu. 1/18/2018 

sold short -3 SPY March 2, 2018  $273 puts at $1.77

probability ITM:  28%


Fri. 1/19/2018

bought back puts at $1.39

PROFIT:  $114