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Friday, March 24, 2023

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Hi!  Welcome to my blog!

I have posted many of my options trades here so you can study and learn from me.  

 You will notice that my trading strategies are relatively simple yet consistently profitable.

I, like many successful options traders, SELL options and GET PAID up front.  The probability of success is much higher when you SELL options.  


Watch my FREE VIDEO with step-by-step instructions on how to SELL put options (31 minutes long).


*   *   *   *   *   *   *   *   *   *   *   *   *   *   *   *

If you like to buy stocks and exchange traded funds (ETFs) as long-term investments, you should consider SELLING PUT OPTIONS.  This strategy gives you the opportunity to buy ETFs and stocks at lower prices.


Click HERE to watch a short, 6-minute demonstration of this simple, yet little-known, investing strategy.
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OPTIONS TRADING STRATEGY : How to make $2,000 every month in a $10,000 account | 240% return (annualized)

 In this video, I demonstrate how to make approximately
 $2,000 each month in a $10,000 account

(these are not trade recommendations
 and there are no guarantees)



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Options trading : US Oil Fund ETF (USO) semi-bullish trade

     GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.


Monday, 3/13/2023

sell -1 March 17, 2023 $60 put at $0.17 (credit)
  • 4 DTE
  • prob ITM/assignment: 9.59%
  • USO = $65.38


Friday, 3/17/2023 (expiration)

USO closed at $58.66, so I got assigned 100 shares of USO at $60/share


Monday, 3/20/2023

sell -1 March 24, 2023 $60 call at $1.42 (credit)
  • 4 DTE
  • prob ITM/assignment:  66%

NOTE:  I generally don't like to sell covered calls because they limit the upside potential.  In this case, however, I decided I would be OK if I got "called away" (sell my shares) at $60 because that was my put-assignment price.  I collected $142 for the call option plus another $17 for the original short put.

My covered call expires on Friday, March 24 . . .  stay tuned . . .



Friday, 3/24/2023 (expiration)

USO closed at $60.96

My covered call ended up in-the-money, so I had to sell my 100 shares at the strike price of $60/share

TOTAL PROFIT:  $159


NOTE:
On 3/23/2023, USO hit a high of $63.  
If I did NOT have this covered call, I could have sold my 100 shares at $63 and made a profit of $300.  BUT, I had the covered call, so I was "stuck."
That's the reason I don't like to sell covered calls.


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Options trading : Amazon (AMZN) semi-bullish trade

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.


2/24/2023

sell -1 March 24, 2023 $80 put at $0.59 (credit)

  • 28 DTE
  • "oversold"
  • prob ITM/assignment: 12.34% (low)
  • AMZN = $93.07


3/24/2023 (expiration)

AMZN closed at $98.13

my short put expired

PROFIT:  $59


 GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.


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Options trading : US Oil Fund ETF (USO) semi-bullish trade

     GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.


3/24/2023 (11:16 am, PT)

sell -1 March 24, 2023 $61 put at $0.16 (credit)
  • 0 DTE
  • prob ITM/assignment: 39% (high)
  • USO = $61.20

later that day . . . 

USO closed at $60.96 at 1 pm, PT, so my short put was in-the-money by exactly $0.04!

I could have TRIED to buy back my put at $0.04 to avoid assignment, but I chose not to do that.

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Options trading : US Natural Gas ETF (UNG) semi-bullish trade

 GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.


3/23/2023

sell -1 March 24, 2023 $7 put at $0.07 (credit)
  • 1 DTE
  • prob ITM/assignment: 30% (average)
  • UNG = $7.19


3/24/2023 (expiration)

UNG closed at $7.33 

put option expired

PROFIT:  $7.00


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Thursday, March 23, 2023

Options trading : US Oil Fund ETF (USO) semi-bullish trade

     GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.


Wed. 3/8/2023 (12:34 pm, PT)

sell -1 March 17, 2023 $60.50 put at $0.10 (credit)
  • 9 DTE
  • prob ITM/assignment:  6.18% (very low!)
  • USO = $67.12 (-0.73)


Fri. 3/17/2023 (expiration)

USO closed at $58.66

My short put ended up "in-the-money," so I got assigned 100 shares at $60.50/share


Wed. 3/22/2023

I sold my 100 shares of USO at $62.50 ($2 higher than my assignment price)

TOTAL PROFIT: $10 (put premium) + $200 (100 shares) = $210

NOTE: 
Notice that the probability of assignment for the March 17 put was only 6.18%, but I still got assigned.  In this case, the trade worked out nicely because USO rose after I got assigned.  Thus, I was able to make a nice profit in a very short time.

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Options trading : Campbell Soup Co (CPB) semi-bullish trade

     GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.


2/3/2023

sell -1 March 17, 2023 $45 put at $0.25 (credit)
  • CPB = $50.88
  • prob ITM/assignment:  12%
  • 42 DTE
  • "oversold"


3/17/2023 (expiration)

CPB closed at $53.38

Put option expired

PROFIT:  $25

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Options trading : Alphabet (GOOGL) semi-bullish trade

     GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.


3/7/2023

sell -1 March 17, 2023 $87 put at $0.27 (credit)
  • 10 DTE
  • GOOGL = $93.84 (-1.29)
  • prob ITM/assignment: 11%


3/17/2023 (expiration)

GOOGL closed at $101.62

my short put expired

PROFIT:  $27




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Friday, March 10, 2023

Options trading : Alphabet (GOOGL) semi-bullish trade

      GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.


2/2/2023

sell -1 March 10, 2023 $89 put at $0.52 (credit)

  • GOOGL = $106.44
  • probability ITM/assignment = 9.71% (low)
  • margin requirement:  $455
  • 36 DTE


3/8/2023 (2 DTE)

buy back short put at $0.02 (debit)

PROFIT: $50


     GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

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Options trading : Amazon (AMZN) semi-bullish trade

      GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.


2/24/2023

sell -1 March 10, 2023 $82 put at $0.23 (credit)

  • 14 DTE
  • AMZN = $92.78 (-3.04)
  • probability ITM/assignment = 7.73% (low)


3/10/2023 (expiration)

AMZN closed at $90.73

my short put expired perfectly

PROFIT: $23


     GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

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Options trading : Alphabet (GOOGL) semi-bullish trade

      GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.


2/24/2023

sell -1 March 10, 2023 $81 put at $0.25 (credit)

  • 14 DTE
  • GOOGL = $88.98 (-1.91)
  • probability ITM/assignment = 9.65% (low)


3/10/2023 (expiration)

GOOGL closed at $90.63

my short put expired perfectly

PROFIT:  $25


     GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

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Monday, March 6, 2023

Options trading : US Oil Fund ETF (USO) semi-bullish trade

     GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.


2/27/2023

sell -1 March 10, 2023 $61 put at $0.25 (credit)

  • 11 DTE
  • USO = $66.27
  • probability ITM/assignment: 12.35% (low)


3/16/2023 (12:25 pm, PT)

with 4 days left until expiration, I decided to buy back my short put, take my profits and remove the risk of assignment.

I bought back my put for $0.01 (debit)

PROFIT:  $24 (in 7 days)


 GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

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Friday, March 3, 2023

Options trading : US Oil Fund ETF (USO) semi-bullish trade

    GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.



1/30/2023

sell -1 Feb 3, 2023 $66 put at $0.40 (credit)
  • 4 DTE


2/3/2023 (expiration)

At 7:27 am (PT), I bought back my short put at $0.01 (debit).

It's a good thing I did that because at expiration, USO closed at $64.40 (below my strike price!).

PROFIT:  $39



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Options trading : Alphabet (GOOGL) semi-bullish trade

    GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.



2/22/2023

sell -1 March 3, 2023 $85 put at $0.23 (credit)
  • GOOGL = $91.67
  • 10 DTE
  • prob ITM/assignment:  10% (low)


3/3/2023 (expiration)

GOOGL closed at $93.65
my short put expired perfectly

PROFIT:  $23





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Labels:

Options trading : Alphabet (GOOGL) semi-bullish trade

    GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.



2/3/2023

sell -1 March 3, 2023 $88 put at $0.24 (credit)
  • GOOGL = $104.38 (-3.36)
  • prob ITM/assignment = 6%
  • 28 DTE


3/2/2023 (1 DTE)

buy back short put at $0.01 to remove the risk

PROFIT:  $23





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Options trading : Amazon (AMZN) semi-bullish trade

    GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.



2/21/2023 

sell -1 March 3, 2023 $85 put at $0.22 (credit)
  • AMZN = $94.57 (-2.63)
  • "oversold"
  • 10 DTE
  • prob ITM/assignment: 8% (very low)


3/3/2023 (expiration)

AMZN closed at $94.90
my short put expired perfectly

PROFIT:  $22

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Options trading : Alphabet (GOOGL) semi-bullish trade

    GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.



2/21/2023

sell -1 March 3, 2023 $83 put at $0.17 (credit)
  • GOOGL = $92.08 (-2.26)
  • prob ITM/assignment:  6.76% (very low)
  • 10 DTE


3/3/2023 (expiration)

GOOGL closed at $93.65
My short put expired perfectly

PROFIT:  $17

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Options trading : US Oil Fund ETF (USO) semi-bullish trade

    GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.



2/21/2023

sell -1 March 3, 2023 $60.50 put at $0.14 (credit)
  • prob ITM/assignment: 8.49% (high probability of success)
  • USO = $67
  • 10 DTE


3/3/2023 (expiration)

USO closed at $69.86
my short put expired perfectly

PROFIT:  $14







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Friday, February 24, 2023

Options trading : US Oil Fund ETF (USO) semi-bullish trade

    GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.


2/3/2023

sell -1 Feb 24, 2023 $58 put at $0.45
  • USO = $64.59
  • prob ITM/assignment: 17%
  • 21 DTE
  • "oversold"


2/24/2023 (expiration)

USO closed at $67.10

my short put expired perfectly

PROFIT:  $45


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