LILIA's MONEY MUSINGS: April 2017

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!