Options trade: SPX credit (bull) put spread, 7/21/2021 exp | 269% return

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Fri. 7/16/2021

sell -2 July 21, 2021  4235 puts at $3.75 (prob ITM 10%)

buy +2 July 21, 2021  4195 puts at $2.25 (prob ITM 6%)

• net credit:  $1.50
• SPX = 4345.08 (-14.95)
• margin (risk):  $8,000
• 5 DTE

Wed. 7/21/2021 (EXPIRATION)

SPX settled at 4358.69 (+35.63)

NET PROFIT:  $295.02 (5 days)

Return on capital:  269% (annualized)

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Options trade: SPX credit (bull) put spread, 7/23/2021 exp | 206% return

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Fri. 7/16/2021

sell -2 July 23, 2021  4180 puts at $4.93 (prob ITM 10%)

buy +2 July 23, 2021  4135 puts at $3.13 (prob ITM 6%)

• net credit:  $1.80
• SPX =  4330 (-30)
• margin (risk):  $9,000
• 7 DTE

Fri. 7/23/2021 (EXPIRATION)

SPX settled at 4411.79 (+44.31)

all puts expired "worthless"

NET PROFIT:  $355.02 (7 days)

Return on capital:  206% (annualized)

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Options trade: SPX credit (bull) put spread, 7/6/2021 exp | 160% return

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Tue. 6/29/2021

sell -2 July 6, 2021  4195 puts at $3.23 (prob ITM 9.62%)

buy + 2 July 6, 2021  4155 puts at $1.98 (prob ITM 5.55%)

• net credit:  $1.25
• SPX = 4292.70 (+2.10)
• margin (risk):  $8,000

Wed. 7/6/2021 (Expiration)

SPX settled at 4343.55 (-8.80)

all puts expired "worthless"

NET PROFIT:  $245.04 (7 days)

Return on capital:  160% (annualized)

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Options trade: Energy sector ETF (XLE) short put trade (bullish), 5/21/2021 exp | 66% return

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Tue. 4/20/2021

sell -1 May 21, 2021  $46 put at $1.30

• prob ITM:  43.63%
• XLE = $47.06 (-1.29)
• oversold
• 31 DTE

Mon. 5/3/2021

buy back short put at $0.20 to remove the risk of assignment

• 18 DTE
• overbought

NET PROFIT:  $108.68 (13 days)

Return on capital:  66% (annualized)

Options trade: SPX credit (bull) put spread, 6/30/2021 exp | 221% return

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Thu. 6/24/2021

sell -2 June 30, 2021  4175 puts at $3.36 (prob ITM 10.26%)

buy +2 June 30, 2021  4140 puts at $2.06 (prob ITM 6.05%)

• net credit:  $1.30
• SPX = 4265.40 (+23.56)
• margin (risk):  $7,000
• 6 DTE

Wed. 6/30/2021 (Expiration)

SPX settled at 4297.50 (+5.70)

all put options expired "worthless"

NET PROFIT:  $255.02 (6 days)

Return on capital:  221.62% (annualized)

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Options trade: SPX credit (bull) put spread, 7/14/2021 exp | 274% return

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Thu. 7/8/2021

sell -2 July 14, 2021  4195 puts at $5.22 (prob ITM 11%)

buy +2 July 14, 2021  4160 puts at $3.62 (prob ITM 7.39%)

• net credit:  $1.60
• SPX = 4326.41 (-32)
• margin (risk):  $7,000
• 6 DTE

Wed. 7/14/2021 (Expiration)

SPX settled at 4374.30

all puts expired "worthless"

NET PROFIT:  $315.02 (6 days)

Return on capital:  274% (annualized)

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Options trade: SPX credit (bull) put spread, 7/16/2021 exp | 993% return

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Tues. 7/13/2021

sell -2 July 16, 2021  4275 puts at $3.46 (prob ITM 10%)

buy +2 July 16, 2021  4240 puts at $2.16 (prob ITM 6%)

• net credit:  $1.30
• 3 DTE
• SPX =  4372.25 (-12.38)
• margin (risk):  $7,000

Wed. 7/14/2021 (2 DTE)

buy back put spread at $0.30 (debit)

NET PROFIT:  $190.40 (1 day)

Return on capital:  993% (annualized)

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Options trade: SPX credit (bull) put spread, 5/21/2021 exp | 29,205% return!

Wed. 5/19/2021 (12:02 pm, PT)

sell -2 May 21 2021  3970 puts at $5.11 (prob ITM 11%)

buy +2 May 21, 2021  3940 puts at $3.41 (prob ITM 7.39%)

• net credit:  $1.70
• SPX =  4085.63 (-42.20)
• 2 DTE
• FOMC minutes at 11 am (PT)
• margin (risk):  $6,000

Wed. 5/19/2021 (12:54:51 pm, PT)

buy back put spread at $0.65 (debit)

SPX = 4105.25 - 4109.82

NET PROFIT:  $200.04 (in 52 minutes!)

Return on capital ($6,000):  29,205% (annualized)

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Options trade: SPX credit (bull) put spread, 5/5/2021 exp | 488% return

Monday, 5/3/2021

Sell -2 May 5, 2021  4125 puts at $2.02 (prob ITM 8.83%)

buy +2 May 5, 2021  4085 puts at $0.87 (prob ITM 3.73%)

• net credit:  $1.15
• margin (risk):  $8,000
• SPX = 4195.06
• 2 DTE

Wednesday, 5/5/2021 (EXPIRATION)

buy back short puts only (4125 strike) at $0.05 to remove the risk

let long puts expire

SPX settled at 4167.59

NET PROFIT:  $214.19 (2 days)

Return on capital ($8,000):  488% (annualized)

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Options trade: ARK ETF (ARKK) Ratio Put Spread, 7/9/2021 exp | 15% return

Tue. 6/8/2021

buy +1 July 9, 2021  $101 put at $1.64 (prob ITM 22.64%)

sell -2 July 9, 2021  $100 puts at $1.47 (prob ITM 21%)

• net credit:  $1.30 x 1 x 100 =  $130
• if ARKK > $101 at exp, max profit =  $130
• if ARKK AT $100 at exp, max profit =  $230
• ARKK at $112.59 on 6/8
• stochastics "overbought"
• 31 days 'til exp (DTE)

Wed. 6/28/2021 <---  11 DTE

buy back 1 short put ($100 strike) at $0.03 to remove the risk of assignment

keep holding remaining debit put spread until expiration

Fri. 7/9/2021 <--- Expiration

ARKK closed at $125.62, so the remaining debit put spread expired "worthless."

NET PROFIT:  $125 (31 days)

Return on capital ($10,000):  15% (annualized)

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