sold -1 June 2016 $127 call at $1.11
Why did I place this trade?
- stochastics in overbought region
- 75.63% probability of success
5/20/2016 (9:20:24 am, PT)
buy back call option at $0.35 (68% of max credit)
PROFIT: $76 (in 9 days)
SUCCESS!
Friday, May 20, 2016
Gold (GLD) June Call Option
5/11/2016 (11:44:47 am, PT) (RD)
sold -1 June 2016 $127 call at $1.11
Why did I place this trade?
5/20/2016 (9:20:24 am, PT)
buy back call option at $0.35 (68% of max credit)
PROFIT: $76 (in 9 days)
sold -1 June 2016 $127 call at $1.11
Why did I place this trade?
5/20/2016 (9:20:24 am, PT)
buy back call option at $0.35 (68% of max credit)
PROFIT: $76 (in 9 days)
Wednesday, May 18, 2016
Facebook (FB) Call Options
5/12/2016 (9:43:24 am, PT) (FP)
sell -2 June 24, 2016 $127 calls at $1.18
Why did I place this trade?
5/18/2016 (7:08:49 am, PT)
buy back both calls at $0.60
NET PROFIT: $116
Return on capital: 3.15% in 6 days
sell -2 June 24, 2016 $127 calls at $1.18
Why did I place this trade?
- stochastics in overbought region
- 80% probability of success
- 43 days 'til expiration (DTE)
5/18/2016 (7:08:49 am, PT)
buy back both calls at $0.60
NET PROFIT: $116
Return on capital: 3.15% in 6 days
SUCCESS!
Friday, May 6, 2016
Consumer Discretionary ETF (XLY) Call Options
Friday, 4/29/2016 (11:20:39 am, PT)
sold -10 May 20, 2016 $79.50 calls at $0.83
Why did I place this trade?
Friday, 5/6/2016 (7:37:01 am, PT)
buy back all 10 calls at $0.50
Why did I place this trade?
PROFIT: $330 (in 1 week)
sold -10 May 20, 2016 $79.50 calls at $0.83
Why did I place this trade?
- stochastics in overbought region
- 60% probability of success
Friday, 5/6/2016 (7:37:01 am, PT)
buy back all 10 calls at $0.50
Why did I place this trade?
- stochastics near oversold region
- I was aiming for a $330 profit
PROFIT: $330 (in 1 week)
SUCCESS!
Note: Walt Disney Company (DIS) is one of the holdings in XLY
Tesla (TSLA) Post-earnings play
Thursday, 5/5/2016 (11:18:43 am, PT)
sold -1 May 6, 2016 $205 put at $0.91
Why did I place this trade?
Friday, 5/6/2016 (9:36:42 am, PT)
buy back put at $0.05
PROFIT: $86 (in ONE day!)
Comments:
The moral of the story:
ALWAYS have your closing orders in place!!!
sold -1 May 6, 2016 $205 put at $0.91
Why did I place this trade?
- earnings were announced after the close on 5/4/2016
- the stock dropped on 5/5, so implied volatility was still high
- quick, 1-day trade to take advantage of the inflated IV
- 79% probability of success
- Robyn at Tasty Trade sold the May 6 $210 put (thanks, Robyn!)
Friday, 5/6/2016 (9:36:42 am, PT)
buy back put at $0.05
PROFIT: $86 (in ONE day!)
SUCCESS!
Comments:
- My put option hit $0.04 at 6:34 am this morning (5/6), but I had forgotten to set a "buy to close order at $0.05" last night, so I missed it this morning.
- Between 6:34 am and 9:36 am, TSLA dropped, so the put price rose again.
- The market makers made me suffer for 3 hours before finally accepting my bid of $0.05.
The moral of the story:
ALWAYS have your closing orders in place!!!
Tuesday, May 3, 2016
Energy Sector (XLE) Call Options
Friday, 4/29/2016 (10:33:59 am, PT) (FP)
sell -10 May 2016 $70 calls at $0.51
Why did I place this trade?
Tuesday, 5/3/2016 (7:35:23 am, PT)
buy to close calls at $0.21
Why did I place this trade?
PROFIT: $300 (in 3 trading days!)
sell -10 May 2016 $70 calls at $0.51
Why did I place this trade?
- stochastics in overbought region
- 78.60% probability of success
Tuesday, 5/3/2016 (7:35:23 am, PT)
buy to close calls at $0.21
Why did I place this trade?
- take profits at 50% of max credit
PROFIT: $300 (in 3 trading days!)
SUCCESS!
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