Options trade: Coca Cola (KO) short put trade and assignment

Tuesday, 11/24/2020 (3 DTE)

sell -2 November 27, 2020  $53.50 puts at $0.50 (ITM)

prob ITM:  70.53% (high)

Friday, 11/27/2020 (EXPIRATION)

KO closed at $52.70

My short puts were in-the-money (ITM) at expiration, so I assigned 200 shares of KO.

In plain English:  I had to BUY 200 shares of KO at my strike price of $53.50/share.

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Options trade: UPS Earnings Play (2-day trade) | 121% return

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Monday, 4/26/2021 (4 DTE)

sell -1 April 30, 2021  $167.50 put at $1.15

• UPS at $175.45 (-$3.51)
• prob ITM: 21.41%
• Market Maker Move:  plus/minus $7.21
• earnings before Opening Bell on 4/27/2021

Wednesday, 4/28/2021 (2 DTE)

buy back short put at $0.03

NET PROFIT:  $111.33 (2 days)

Return on capital:  121% (annualized)

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Options trade: SPX credit (bull) put spread, 5/3/2021 exp | 477% ROC

Friday, 4/30/2021

sell -2 May 3, 2021  4125 puts at $2.15 (prob ITM 10%)
buy +2 May 3, 2021  4095 puts at $0.95 (prob ITM 5%)

• margin: $6000
• net credit:  $1.20 x 2 x 100 =  $240 (max profit)
• SPX at 4185.32

Monday, 5/3/2021 (EXPIRATION)

SPX settled at 4192.66
All put options expired "worthless"

NET PROFIT:  $235.20 (3 days)
Return on capital:  477% (annualized)

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