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Wednesday, June 22, 2022

Options trade : Ultra-VIX ETF (UVXY) bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.



6/13/2022

sell -4 July 1, 2022 $12.50 puts at $0.22
  • prob ITM 13%
  • 14 DTE
  • I reused the July 1 $5 long puts ("wings") from my May 19 trade


6/21/2022

buy back $12.50 short puts at $0.09 to remove the risk

let the long puts expire

PROFIT:  $52

Monday, June 20, 2022

Options trade : SPX bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


8/31/2021

sell -2 Sep 7, 2021  4405 put at $3.46 (prob ITM 9%)

buy +2 Sep 7, 2021  4220 put at $0.91 (prob ITM 2%)

  • net credit:  $2.55
  • SPX = 4520
  • 7 DTE


9/7/2021 (expiration)

buy back 4405 short puts at $0.05 to remove the risk

let the long puts expire

NET PROFIT:  $494.22

SPX settled at 4520.03 (-15.40)


Options trade : SPX bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


1/26/2021

sell -1 Feb 26, 2021  3435 put at $15.01 (prob ITM 11%)

buy +1 Feb 26, 2021  3325 put at $9.96 (prob ITM 7%)

  • net credit:  $5.05
  • margin:  $5669
  • overbought
  • 31 DTE


2/23/2021

buy back entire spread at $0.10

NET PROFIT:  $490.22


Options trade : SPX bearish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


1/27/2021

buy +1 Feb 26, 2021  4030 call at $6.39 (prob ITM 7%)

sell -1 Feb 26, 2021  3990 call at $10.94 (prob ITM 11%)

  • net credit:  $4.55
  • margin:  $3962
  • SPX down over 100 points
  • 30 DTE


2/25/2021

buy back call spread at $0.10

NET PROFIT:  $440.22

SPX settled at 3811.15 on Feb 26 (expiration)


Options trade : SPX bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


9/27/2021

sell -2 Oct 1, 2021  4320 puts at $3.80 (prob ITM 9.33%)

buy +2 Oct 1, 2021  4240 puts at $1.80 (prob ITM 4%)

  • net credit:  $2.00
  • SPX = 4441.98 (-13.50)
  • 4 DTE


10/1/2021 (expiration)

buy back the 4320 short puts at $0.05 to remove the risk

let the long puts expire

NET PROFIT:  $384.04

SPX settled a 4357.04 (+49.50)


Options trade : SPY bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


10/11/2021

sell -2 Nov 10, 2021 $406 puts at $2.13 (prob ITM 16%)

buy +2 Nov 10, 2021 $330 puts at $0.15 (prob ITM 1.18%)

  • net credit:  $1.98
  • SPY = $436
  • 30 DTE
  • FOMC press conference at 11 am (PT) on 11/3/2021


11/3/2021 (10:48:35 am, PT)  <--- FOMC at 11 am (PT)

buy back the $406 short puts at $0.08

let the long puts expire

I wanted to close this trade before the FOMC press conference

PROFIT:  $380


Options trade : SPY bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


10/27/2021

sell -2 Nov 19, 2021 $436 puts at $2.06 (prob ITM 19%)

buy +2 Nov 19, 2021 $377 puts at $0.21 (prob ITM 2%)

  • net credit:  $1.85
  • overbought
  • 22 DTE


11/18/2021

buy back the $436 short puts at $0.02 to remove the risk

PROFIT:  $366


Options trade : SPX bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


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)
  • 7 DTE


7/23/2021 (expiration)

SPX =  4411.79 (+44.31)

all puts expired perfectly

PROFIT:  $360


Options trade : ARK Innovation ETF (ARKK) bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


10/22/2021

buy +2 Nov 26, 2021 $107 puts at $1.49 (prob ITM 23%)

sell -4 Nov 26, 2021 $106 puts at $1.30 (prob ITM 20%)

  • net credit:  $1.11 x 2 x 100 =  $222
  • overbought
  • 35 DTE
  • this trade is called "ratio put spread"


11/17/2021

buy back the 2 "naked" puts ($106 strike) at $0.16 to remove the risk


11/24/2021

sell (to close) the embedded debit put spread (2 contracts) at $0.63 for an extra $126


PROFIT:  $316


NOTE:  On 11/26/2021 (expiration), ARKK closed at $107.12

If I had not sold (to close) the debit put spread on 11/24/2021, I would have missed out on the extra $126.


Options trade : SPY bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


9/16/2021

sell -2 Oct 22, 2021 $408 puts at $2.04 (prob ITM 13%)

buy +2 Oct 22, 2021 $355 puts at $0.51 (prob ITM 3.17%)

  • net credit:  $1.53
  • SPY = 447.02
  • margin:  $4953
  • oversold
  • 36 DTE


10/21/2021

buy back $408 short puts at $0.01 to remove the risk

let the long puts expire

NET PROFIT:  $301.34


Options trade : SPX bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


8/24/2021

sell -2 Aug 30, 2021  4380 puts at $3.30 (prob ITM 9%)

buy +2 Aug 30, 2021  4330 puts at $1.95 (prob ITM 5%)

  • net credit:  $1.35
  • SPX = 4488 (+8.84)
  • 6 DTE


8/30/2021 (expiration)

SPX =  4528.79 (+19.42)

all puts expired perfectly

PROFIT:  $270


Options trade : SPX bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


8/26/2021

sell -1 Sep 1, 2021 4340 put at $4.94 (prob ITM 10.34%)

buy +1 Sep 1, 2021 4225 put at $2.34 (prob ITM 4.31%)

  • net credit:  $2.60
  • SPX = 4479 (-16.80)
  • 6 DTE


9/1/2021 (expiration)

SPX = 4524.09

All puts expired perfectly

PROFIT:  $260


Options trade : Archer Daniels Midland (ADM) bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


11/5/2021

buy 100 shares of ADM stock at $64.40 (debit)

sell -1 Dec 17, 2021 $65 call at $1.46 (credit)

  • net debit:  $62.94
  • this trade is called "buy-write" or "covered stock"
  • oversold
  • 42 DTE
  • ADM = $64.41
  • prob ITM (assignment): 42%


12/17/2021 (expiration)

ADM closed at $65.27, so I got assigned on the covered call

NET PROFIT:  $205.34


I also collected a dividend of $37 on 12/7/2021


Options trade : SPY bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


11/19/2021

sell -2 Dec 17, 2021 $429 puts at $1.41 (prob ITM 10%)

buy +2 Dec 17, 2021 $349 puts at $0.21 (prob ITM 1.35%)

  • net credit:  $1.20
  • SPY = $469.45
  • overbought
  • 28 DTE
  • FOMC at 11 am, PT on 12/15/2021


12/14/2021

buy back the $429 short puts at $0.17 to remove the risk before the FOMC press conference

NET PROFIT:  $202.03


Options trade : SPY bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


11/8/2021

sell -2 Dec 8, 2021 $443 puts at $2.10 (prob ITM 16%)

buy +2 Dec 8, 2021 $320 puts at $0.10 (prob ITM 0.64%)

  • net credit:  $2.00
  • SPY = $469
  • overbought
  • 30 DTE
  • margin:  $9067


12/6/2021

buy back the two $443 short puts at $1.00

let the long puts expire

NET PROFIT:  $196.03


Sunday, June 19, 2022

Options trade : SPX bearish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


4/27/2022

buy +1 April 29, 2022 4400 call at $0.52 (prob ITM 2%)

sell -1 April 29, 2022 4335 call at $2.47 (prob ITM 6%)

  • net credit:  $1.95
  • SPX = 4183.92
  • 2 DTE


4/29/2022

buy back the short 4335 call at $0.05 to remove the risk

let the long call expire

NET PROFIT:  $187.11 (2 days)


Options trade : Netflix (NFLX) bearish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


4/27/2022

buy +1 May 27, 2022 $245 call at $1.00 (prob ITM 5.41%)

sell -1 May 27, 2022 $225 call at $2.45 (prob ITM 13%)

  • net credit: $1.45
  • margin:  $2000
  • NFLX = $190.10 (-8.30)
  • oversold
  • 30 DTE


5/18/2022

buy back entire call spread at $0.20

NET PROFIT:  $122.34


Options trade : GameStop (GME) bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


6/242021

sell -1 July 2, 2021 $170 put at $2.22 (prob ITM 14%)

buy +1 July 2, 2021 $152.50 put at $1.01 (prob ITM 7%)

  • net credit:  $1.21
  • GME = $217.81
  • oversold
  • 8 DTE
  • margin = $1750


7/2/2021 (expiration)

buy back short $170 put at $0.01 to remove the risk

let the long put expire

NET PROFIT:  $118.67 (in 8 days)


Options trade : Seagate Tech (STX) bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


8/26/2021

sell -1 Sept 17, 2021 $81 put at $1.18

  • oversold
  • 22 DTE
  • STX = $85.14
  • prob ITM = 29%


9/17/2021 (expiration)

STX = $83.74

my put option expired perfectly

PROFIT:  $118


Options trade : ARK Innovation ETF (ARKK) bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


8/19/2021

sell -1 Sept 24, 2021 $95 put at $1.05

  • prob ITM = 14%
  • ARKK = $115.48
  • oversold
  • 35 DTE


9/22/2021

buy back put at $0.02 to remove the risk

PROFIT:  $103

Options trade : Facebook (FB) bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


10/27/2021

sell -1 Nov 19, 2021 $285 put at $1.33 (prob ITM 12%)

buy +1 Nov 19, 2021 $225 put at $0.09 (prob ITM 1%)

  • net credit:  $1.24
  • FB = $316.08
  • oversold
  • 22 DTE


11/10/2021

buy back entire spread at $0.18

NET PROFIT:  $106 (in 13 days)



Options trade : Energy Sector ETF (XLE) ratio spread

GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


10/6/2021

buy +1 Nov 12, 2021 $51.50 put at $1.19 (prob ITM 34%)

sell -2 Nov 12, 2021 $51 put at $1.06 (prob ITM 31%)

  • net credit:  $0.93
  • XLE = $54.44
  • overbought
  • 37 DTE


10/22/2021

buy back the entire spread at $0.10

NET PROFIT:  $79.03 (in 16 days)



Option trade : SPX bearish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE


5/19/2022 (10:57:28 am, PT)

buy +1 May 19, 2022 4020 call at $0.10

sell -1 May 19, 2022 3965 call at $1.70

  • net credit:  $1.60
  • SPX = 3926.57
  • 0 DTE (same-day expiration)


5/19/2022 (12:14:03 pm, PT)

buy back the short 3965 call at $0.50 to remove the risk

let the long call expire

NET PROFIT:  $106.46

SPX settled at 3900.79


Options trade : SPX bearish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE


5/17/2022 (11:08:17 am, PT)

buy +1 May 17, 2022 4160 call at $0.07

sell -1 May 17, 2022 4115 call at $1.47

  • net credit:  $1.40
  • SPX = 4070
  • margin = $4500
  • 0 DTE (same-day expiration)


5/17/2022 (11:22:23 am, PT)

buy back short 4115 call at $0.20 to remove the risk

let the long call expire

NET PROFIT:  $116.46 (in 14 minutes!)

SPX settled at 4088.85


Options trade : SPX bearish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE


3/9/2022 (10:25:17 am, PT)

buy +1 March 9, 2022 4370 call at $0.07

sell -1 March 9, 2022 4325 call at $1.37 (prob ITM 8.46%)

  • net credit:  $1.30
  • SPX = 4286 (up 116!)
  • 0 DTE (same-day expiration)


3/9/2022 (12:42:39 pm, PT)

buy back the short 4325 call at $0.05 to remove the risk

let the long call expire

SPX settled at 4277.88 (up 107.18)

NET PROFIT:  $122.11 (in 2.5 hours)



Options trade : Biotech Sector ETF (XBI) bullish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE


7/8/2021

sell -1 August 13, 2021 $118 put at $1.17

  • prob ITM = 18%
  • XBI = $131.67
  • oversold 
  • 36 DTE


8/13/2021 (expiration)

buy back put option at $0.01 to remove the risk

NET PROFIT:  $115.33

Options trade : Starbucks (SBUX) bullish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE


8/10/2021

sell -1 Sept 10, 2021 $112 put at $1.09

  • prob ITM 27%
  • SBUX = $116.38
  • oversold
  • 31 DTE


9/10/2021 (expiration)

SBUX = $119.34

my short put expired perfectly

PROFIT:  $109

Options trade : Ultra-VIX ETF (UVXY) bullish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE


4/22/2022

sell -2 May 27, 2022 $11 puts at $0.52 (prob ITM 27%)

buy +2 May 27, 2022 $6 puts at $0.01

  • net credit: $0.51
  • margin: $1000
  • oversold
  • 35 DTE


5/13/2022

buy back the two $11 short puts at $0.03 to remove the risk

let the $6 long puts expire

NET PROFIT:  $96.65


Options trade : Consumer Discretionary ETF (XLY) bullish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE


8/13/2021

sell -1 Sept 17, 2021 $174 put at $1.33 (prob ITM 24%)

buy +1 Sept 17, 2021 $125 put at $0.05 (prob ITM 0.90%)

  • net credit: $1.28
  • oversold
  • 35 DTE
  • XLY = $181.29
  • margin:  $4900


9/2/2021

buy back the $174 short put at $0.35 to remove the risk

let the long $125 put expire

NET PROFIT:  $91.02


Options trade : General Mills (GIS) earnings play

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE


6/29/2021

sell -1 July 16, 2021 $60 put at $1.51

  • oversold
  • 17 DTE
  • GIS = $60.03
  • Prob ITM = 52% (high!)  <--- taking advantage of "volatility crush"
  • earnings on June 30 (before market-open)  


7/15/2021

buy back short put at $0.50 to remove the risk

NET PROFIT: $99.68


Options trade : Energy Sector ETF (XLE) bullish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE


12/20/2021

sell -1 Jan 21, 2022 $50 put at $1.08

  • oversold
  • 32 DTE
  • prob ITM 34%
  • XLE = $52.73


12/27/2021

buy back short put to remove the risk

NET PROFIT: $86.68


Options trade : SPX bullish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE


3/3/2022 (12:04 pm, PT)

sell -1 March 4, 2022 4185 put at $1.65 (prob ITM 4.29%)

buy +1 March 4, 2022 4000 put at $0.15 (prob ITM 0.38%)

  • net credit:  $1.50
  • SPX = 4357
  • 1 DTE


3/3/2022 (12:59:52 pm, PT)

buy back the entire spread at $0.60

NET PROFIT:  $85.31 (in 55 minutes)


Saturday, June 18, 2022

Options trade : Starbucks (SBUX) bullish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE


10/5/2021

sell -1 Nov 5, 2021 $103 put at $1.06

  • oversold
  • 31 DTE
  • earnings on 10/28/2021
  • prob ITM = 21%
  • SBUX = $111
  • margin:  $826


10/26/2021

buy back the $103 short put at $0.28 to close the trade prior to earnings

NET PROFIT:  $76.68


Options trade : JP Morgan Chase (JPM) bullish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE


6/24/2021

sell -1 July 9, 2021 $147 put at $1.08 (prob ITM 24%)

buy +1 July 9, 2021 $120 put at $0.04 (prob ITM 0.90%)

  • net credit:  $1.04
  • JPM = $152.88
  • margin: $2700
  • oversold
  • 15 DTE
  • earnings on July 13 (a.m.)


6/29/2021

buy back $147 short put at $0.28

let $120 long put expire

NET PROFIT:  $74.02


Options trade : SPX bullish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE


3/4/2022 (10:57 am, PT)

sell -1 March 7, 2022 4100 put at $3.60

buy +1 March 7, 2022 4035 put at $2.10

  • net credit:  $1.50
  • SPX =  4315
  • 3 DTE


3/4/2022 (12:46 pm, PT)

buy back the entire spread at $0.75

NET PROFIT:  $70.04 (in TWO hours)

I got almost 50% of "max profit" in just two hours, so it's time to close the trade and not get greedy!


Options trade : Intel (INTC) bullish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE


6/25/2021

sell -2 July 16, 2021 $55.50 puts at $0.80 (prob ITM 43%)

buy +2 July 16, 2021 $50.50 puts at $0.07 (prob ITM 6%)

  • net credit:  $0.73
  • INTC = $56.10
  • margin:  $1000
  • oversold
  • earnings on 7/22/2021
  • 21 DTE


7/2/2021

buy back the put spread at $0.38 to close the trade

NET PROFIT:  $64.67 (in 7 days)


Options trade : ARK Innovation ETF (ARKK) bullish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE


7/16/2021

sell -1 August 20, 2021 $98 put at $1.08 (prob ITM 15%)

buy +1 August 20, 2021 $60 put at $0.05 (prob ITM 1%)

  • net credit:  $1.03
  • ARKK = $116.39
  • margin:  $3000
  • oversold
  • 35 DTE


7/28/2021

buy back the $98 short put at $0.40 to remove the risk

let the $60 long put expire on Aug 20

NET PROFIT:  $61.02 (in 12 days)


On Aug 20, 2021 (expiration), ARKK closed at $115.80


Options trade : Vanguard REIT ETF (VNQ) bullish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE


1/11/2022

sell -1 Feb 18, 2022 $105 put at $1.00

  • oversold
  • 38 DTE
  • prob ITM = 25%
  • VNQ = $110.48


2/18/2022 (expiration)  <--- ROLL for a credit of $1.30

buy back the Feb 18, 2022 $105 put at $2.82 (debit)

sell (to open) -1 March 18, 2022 $105 put at $4.12 (credit)


3/3/2022

buy back the March 18 $105 put at $2.00 to remove the risk

The trade was heading in the wrong direction

NET PROFIT:  $27.35

  • 15 DTE
  • VNQ = $104.90
  • prob ITM = 53%


Options trade : SPX bullish trade

GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE


5/18/2022 (11:30 am, PT)

sell -1 May 18, 2022 3900 put at $1.42 (prob ITM 8.59%)

buy +1 May 18, 2022 3840 put at $0.17 (prob ITM 1%)

  • net credit:  $1.25
  • 0 DTE
  • SPX = 3943 (-145)


5/18/2022 (12:07:43 pm, PT)

buy back the entire spread at $1.20

This trade was heading in the wrong direction, so all I wanted to do was close the trade and break even.

NET PROFIT:  $0.22

NOTE:  SPX settled at 3923.68 (-165.17 or 4%)

My trade would have been fine, but I don't like to take unnecessary chances.

Options trade : Golar LNG (GLNG) bullish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE



1/5/2022

sell -1 March 18, 2022 $17.50 calls at $0.40 (prob ITM 14%)
buy +1 March 18, 2022 $15 calls at $0.95 (prob ITM 29%)
  • net debit:  $0.55
  • 72 DTE
  • overbought
  • CNBC reported "unusual options activity" (over 16,000 calls bought)


1/31/2022

buy back call spread at $0.65

NET PROFIT:  $7.36

Options trade : Visa (V) bullish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE



11/11/2021

sell -2 Dec 17, 2021 $195 puts at $1.76 (prob ITM 20%)
buy +2 Dec 17, 2021 $140 puts at $0.10 (prob ITM 1.24%)
  • net credit:  $1.66
  • V =  $210.92
  • oversold
  • 36 DTE


12/7/2021

buy back entire spread for $1.50 to remove the risk

Note:  On Dec 1, V = $190.10, so my short put was ITM (bad)

NET PROFIT:  $26.72


Options trade : SPY bullish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE



4/14/2022

sell -1 May 20, 2022 $386 put at $1.46 (prob ITM 9.27%)
buy +1 May 20, 2022 $300 put at $0.21 (prob ITM 1.22%)

  • net credit:  $1.25
  • oversold
  • 36 DTE
  • SPY =  $438 (- 5.17)


5/16/2022

buy back the entire spread for $1.20 to remove the risk

Note:
Even though there were only 4 days left until expiration, this trade had become too risky.  Thus, my goal was to get out and break even.

NET PROFIT:  $2.34

Options trade : Apple (AAPL) bullish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE



4/14/2022

sell -2 May 20, 2022  $145 put at $1.11 (prob ITM 13%)
buy +2 May 20, 2022 $100 put at $0.05 (prob ITM 0.87%)
  • net credit:  $1.06
  • oversold
  • 36 DTE
  • margin:  $1546
  • AAPL = $166.80


5/4/2022

buy back the $145 puts at $0.50 to remove the risk



5/6/2022

sell (to close) the $100 long puts at $0.04 to recover some credit

NET PROFIT:  $114.70



Options trade : Banking Sector ETF (KBE) bullish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE



4/5/2022

sell -1 May 20, 2022 $49 put at $1.10
  • prob ITM 35.64%
  • oversold
  • 45 DTE
  • KBE =  $51.20
  • margin = $478


4/19/2022

buy back my put at $1.00 to remove the risk

It's a good thing I did that because on May 12, KBE hit a low of $44.51!

NET PROFIT:  $8.68



Options trade : Ultra-VIX ETF (UVXY) bullish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE



3/30/2022

sell -2 April 29, 2022 $11 put at $0.80 (prob ITM 39%)
buy +2 April 29, 2022 $6 put at $0.01 (prob ITM 0.92%)
  • net credit:  $0.79
  • UVXY = $12.47
  • oversold
  • 30 DTE


4/13/2022

buy back the $11 short puts at $0.07 to remove the risk
let the long $6 puts expire

NET PROFIT:  $140.04

Options trade : Financial Sector ETF (XLF) bullish trade

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4/14/2022

sell -2 May 20, 2022 $33 put at $0.20
  • prob ITM 13%
  • XLF = $37
  • oversold
  • 36 DTE


5/17/2022

buy back $33 puts at $0.12

NET PROFIT:  $13.35

Note:  XLF closed at $32.92 on May 20 (exp)

Options trade : Apple (AAPL) bullish trade

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3/10/2022

sell -1 May 20, 2022  $110 put at $1.02



5/20/2022 (expiration)

AAPL = $137.59

My short put expired "worthless."

PROFIT:  $102


Options trade : Apple (AAPL) bullish trade

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3/10/2022

sell -1 May 20, 2022 $115 put at $1.32



5/20/2022 (Expiration)

AAPL closed at $137.59

My short put expired "worthless"

PROFIT:  $132

Options trade : SPX bearish trade

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5/24/2022 (10:36 am, PT)

buy +1 May 24, 2022 3995 call at $0.07 (prob ITM 0.62%)
sell -1 May 24, 2022 3945 call at $1.67 (prob ITM 9.73%)
  • net credit: $1.60
  • SPX = 3903 (-70.70)
  • 0 DTE


5/24/2022 (12:55 pm, PT)

buy back the 3945 call at $0.40 to remove the risk

NET PROFIT:  $116.46

This was a VERY stressful trade.  At 12:39 pm, SPX hit a high of 3955.68 and my paper loss was $1000 (BAD).  

The "ask" price for the 3945 short call didn't reach $0.05 until just 20 seconds before the Closing Bell (darn market makers!!).

SPX settled at 3941.48 (-32.27) . . .  too close for comfort.  I'm glad I bought back the 3945 short call at $0.40 so I could be done with the trade.


Options trade : SPX bearish trade

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5/25/2022 (11:27 am, PT)

buy +1 May 25, 2022 4065 call at $0.07

sell -1 May 25, 2022 4015 call at $1.57 (prob ITM 10%)

  • net credit: $1.50
  • FOMC minutes at 11 am (PT)
  • 0 DTE


5/25/2022 (12:23 pm, PT)

buy back 4015 call at $0.70 to remove the risk (at 12:14 pm, SPX hit a high of 3999.33 ... not good!)

PROFIT: $80

Note:  SPX settled at 3978.73 (+37.25), so my trade would have been fine.  But it's always better to be cautious.


Options trade : Kellogg Company (K) bullish trade

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3/10/2022

sell -1 June 17, 2022 $52.50 put at $1.05

  • oversold
  • 99 DTE
  • probability ITM:  23%
  • K = $61


6/17/2022  <--- EXPIRATION FRIDAY

K closed at $67.54

short put expired "worthless"

PROFIT:  $105


Options trade : Ultra-VIX ETF (UVXY) bullish trade

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5/27/2022

sell -2 July 15, 2022 $11 puts at $0.80 (prob ITM 33%)

buy +2 July 15, 2022 $5 puts at $0.01 (prob ITM 0.83%)

  • net credit:  $0.79
  • oversold
  • 49 DTE


6/17/2022

buy back both short puts ($11 strike) at $0.14 to remove the risk

leave open the two long puts

PROFIT:  $130


Wednesday, June 15, 2022

Option trade : Biotech Sector ETF (XBI) bearish trade

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6/7/2022

buy +2 July 15, 2022 $90 calls at $0.25 (prob ITM 4.28%)

sell -2 July 15, 2022 $81 calls at $1.20 (prob ITM 18%)

  • net credit:  $0.95
  • XBI = $71.82
  • overbought
  • 38 DTE


6/14/2022

buy back the two short calls ($81 strike) at $0.18 to remove the risk

PROFIT:  $154

Option trade : Biotech Sector ETF (XBI) bearish trade

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5/19/2022

buy +2 July 1, 2022 $100 calls at $0.15 (prob ITM 4%)

sell -2 July 1, 2022 $80 calls at $1.50 (prob ITM 18%)

  • net credit:  $1.35
  • XBI = $69.28
  • 43 DTE


6/14/2022

buy back the two short calls ($80 strike) at $0.14 to remove the risk

PROFIT: $242

Tuesday, June 14, 2022

Option trade : Biotech Sector ETF (XBI) bearish trade

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5/12/2022

buy +2 June 24, 2022 $95 calls at $0.34 (prob ITM 2.24%)

sell -2 June 24, 2022 $79.50 calls at $1.10 (prob ITM 13%)

  • net credit:  $0.80
  • XBI = $64.86 (+2.05)
  • oversold
  • 43 DTE


6/14/2022

buy back the two short calls ($79.50 strike) at $0.03 to remove the risk

let the long calls expire

PROFIT:  $154

Option trade : Biotech Sector ETF (XBI) bearish trade

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3/9/2022

buy +2 April 14, 2022 $115 calls at $0.15 (prob ITM 2.35%)

sell -2 April 14, 2022 $98 calls at $1.35 (prob ITM 18%)

  • net credit:  $1.20
  • 36 DTE
  • XBI = $87 (+3.00)


4/11/2022

buy back the two short calls ($98 strike) at $0.05 to remove the risk

let the long calls expire

PROFIT:  $230

Option trade : Biotech Sector ETF (XBI) bearish trade

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3/7/2022

buy +2 April 22, 2022 $125 calls at $0.15

sell -2 April 22, 2022 $98 calls at $1.27

  • net credit:  $1.12
  • oversold
  • 46 DTE


4/22/2022  <--- Expiration

XBI =  $79.84

all calls expired

PROFIT:  $224

Option trade : Biotech Sector ETF (XBI) bearish trade

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2/7/2022

sell -2 March 11, 2022 $104 calls at $1.13 (prob ITM 17%)

  • reuse the two long puts ($128 strike) from my previous trade
  • XBI = $93.70 (+2.91)


3/11/2022 <--- Expiration

XBI = $84.64

all calls expired

PROFIT:  $226


Option trade : Biotech Sector ETF (XBI) bearish trade

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1/13/2022

buy +2 Feb 18, 2022 $128 calls at $0.09 (prob ITM 2%)

sell -2 Feb 18, 2022 $111 calls at $1.19 (prob ITM 16%)

  • net credit:  $1.10
  • XBI = $99
  • 36 DTE
  • oversold


2/7/2022

buy back the two short calls ($111 strike) at $0.05 to remove the risk

let the long calls expire

PROFIT:  $210


Option trade : Ultra-VIX ETF (UVXY) bullish trade

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6/10/2022

sell -4 July 1, 2022 $12.50 puts at $0.63 (prob ITM 33%)

  • reuse long puts ($5 strike) from a previous trade to create a credit put spread
  • 21 DTE


6/13/2022

buy back the four short puts ($12.50 strike) to take profits

PROFIT:  $160


Options trade : ARK Innovation ETF (ARKK) bearish trade

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1/12/2022

buy +4 Feb 25, 2022 $115 calls at $0.19 (prob ITM 2.50%)

sell -4 Feb 25, 2022 $97 calls at $1.32 (prob ITM 16%)

  • net credit:  $1.13 x 400 =  $452
  • 44 DTE


1/25/2022

buy back the four short calls ($97 strike) at $0.20 to take profits

let the long calls expire

PROFIT:  $372

Options trade : ARK Innovation ETF (ARKK) bearish trade

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1/21/2022

buy +4 March 4, 2022  $110 calls at $0.12 (prob ITM 1.52%)

sell -4 March 4, 2022 $87 calls at $1.17 (prob ITM 14%)

  • net credit:  $1.05 x 400 =  $420
  • oversold
  • 42 DTE


2/22/2022

buy back the four short calls ($87 strike) at $0.01

let the long calls expire

PROFIT:  $416


Options trade : ARK Innovation ETF (ARKK) bearish trade

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2/11/2022

buy +4 March 18, 2022 $108.22 calls at $0.09 (prob ITM 1.20%)

sell -4 March 18, 2022 $84.22 calls at $1.37 (prob ITM 16%)

  • net credit:  $1.28 x 400 =  $512
  • ARKK = $71.90
  • overbought


2/18/2022

buy back the four short calls ($84.22 strike) at $0.28 to take profits

leave the long calls open for a future call spread

PROFIT:  $400


Options trade : ARK Innovation ETF (ARKK) bearish trade

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2/22/2022

sell -4 April 1, 2022 $74 calls at $1.50

  • reuse the four long $108.22 calls from my 2/11/2022 call spread
  • credit:  $1.50 x 400 =  $600


3/18/2022 <--- expiration date of the long calls

buy back the four short calls ($74 strike) at $0.50 to take profits

PROFIT:  $400

Monday, June 13, 2022

Options trade : ARK Innovation ETF (ARKK) bearish trade

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2/23/2022

buy +4 March 25, 2022 $90 calls at $0.12 (prob ITM 2%)

sell -4 March 25, 2022 $72.50 calls at $1.17 (prob ITM 16%)

  • net credit:  $1.05 x 400 =  $420
  • oversold
  • 30 DTE
  • ARKK = $61.52


3/21/2022

buy back the four short calls ($72.50 strike) at $0.10

let the long calls expire (there were no buyers)

PROFIT:  $380