7/22/2014 (10:29 am)
[click here to see my timing on a chart]
sold (to open) 4 August 2014 $124 puts at $1.05
received $420 cash
Reasons for initiating this trade:
- bottom of stochastics ("oversold") (see chart)
- price of GLD was tucked in between the two moving averages (see chart)
- probability of success: 65%
8/6/2014 (10:44 am)
bought back all 4 puts at $0.45
NET PROFIT: $219.79 (in two weeks)
Reasons for closing this trade:
- GLD has been pretty volatile the last two weeks
- my strike price is just barely out-of-the-money
- 9 days left until expiration (anything can happen)
- TAKE PROFITS!
LESSONS:
I normally close (buy to close) my short puts when the stochastics are at the top, but in this case, with 9 days left, I decided to just take my profits and remove the risk from my portfolio.
GLD was trading between $125.47 and $126.43 on 7/22/2014 [when I sold (to open) my puts]. If I had BOUGHT 400 shares of GLD instead, I would have broken even on 8/6/2014 (when I closed my puts).
That's why I prefer to SELL PUT OPTIONS. I make money even if the underlying goes sideways.
-----------------------------------------------------
Learn to SELL PUT OPTIONS. It's easy, fun and profitable.
Learn on your own for FREE (www.youtube.com/user/moneyandlilia) or
Pay for 1-on-1, personalized training (moneyandlilia888@gmail.com).
This YouTube video (click here) demonstrates how I (Lilia) closed my profitable options trades on Expiration Friday. I also explain the timing for each strategy and how I selected the strike prices.
The following 3 trades were done in my options class.
TRADE 1 (sell "naked" put on GLD)
6/2/2014 (check out my impeccable timing!)
sell (to open) 1 July 2014 $117 put at $1.27
7/18/2014 (exp)
let this put expire
Gross profit: $127
TRADE 2 (buy "debit put spread" on RAD)
6/6/2014 (see timing on chart)
buy (to open) 10 July 2014 $8 puts at $0.55
sell (to open) 10 July 2014 $7 puts at $0.25
Net debit: $0.30 or $300 ($0.30 x 10 x 100 = $300)
7/18/2014 (exp)
sell (to close) the July $8 puts only at $0.90
let the July $7 puts expire
Gross profit: $600
TRADE 3 (buy "calendar spread" on XLI)
6/9/2014 (check out my impeccable timing!)
buy (to open) 1 Sept 2014 $54 put at $1.08
sell (to open) 1 July 2014 $54 put at $0.40
Net debit: $0.68 or $68 ($0.68 x 1 x 100 = $68)
7/18/2014 (exp)
sell (to close) Sept $54 put at $1.17
let July $54 put expire
Gross profit: $49 (ROC = 72% in 5 weeks) .... that's right....72% ROC!
----------------------------------------------------
Learn to trade OPTIONS. It's easy, fun and PROFITABLE!
Learn on your own for FREE (www.youtube.com/user/moneyandlilia) or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com)
6/13/2014
sell (to open) 10 July 2014 $184 puts at $0.64
(received $640 cash)
probability of success: 86.48%
7/18/2014 (exp)
SPY closed above $184. Success! Let puts expire.
NET PROFIT: $632.24
Learn to SELL PUT OPTIONS and GET PAID up front. It's easy, fun and profitable!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com).
6/10/2014
sell (to open) 10 July 2014 $185 puts at $0.50
(received $500 cash)
probability of success: 88.63%
7/18/2014 (exp)
SPY closed above $185. Success! Let puts expire.
NET PROFIT: $492.24
-------------------------------------------------------------
Learn to SELL PUT OPTIONS. It's easy, fun and profitable!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com).
6/23/2014
sell (to open) 10 July 2014 $183 puts at $0.21
probability of success: 93.61%
7/18/2014 (exp)
SPY closed above $183. Success! Let puts expire.
NET PROFIT: $202.25
Learn to SELL PUT OPTIONS and GET PAID up front. It's easy, fun and profitable!
Learn for FREE at www.youtube.com/user/moneyandlilia or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com).
6/24/2014
+5 July 2014 $195 puts at $1.54
-10 July 2014 $194 puts at $1.23
Net credit: $0.92
7/18/2014 (exp)
buy (to close) 5 July $194 puts at $0.04 (to remove the risk)
NET PROFIT: $421.24
Lessons:
- on 6/24/2014, the July $194 put had a 38% probability of expiring ITM
- early in the morning on 7/18/2014 (exp), the July $195 put was trading around $0.07; I decided to sacrifice the small gain for the possibility of making a little more money later that day (if SPY goes down to $194)
-------------------------------------------------------------
Learn to SELL PUT OPTIONS. It's easy, fun and profitable!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com).
6/24/2014 (RD)
+4 July 2014 $193 puts at $1.42
-8 July 2014 $192 puts at $1.17
Net credit: $0.92 or ($0.92) (4) (100) = $368 cash received (gross)
7/16/2014 (3 days before exp)
buy (to close) July $192 puts at $0.03
TOTAL NET PROFIT: $338.62
LESSONS:
- on 6/24/2014, the July $192 puts had a 33% chance of expiring ITM
- I closed the July $192 puts on 7/16 to remove the risk from my portfolio
- if SPY closes below $192 on Friday, 7/18/2014, I will make another $400 on this trade
----------------------------------------
Learn to trade PUT OPTIONS. It's easy, fun and profitable!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or.....
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com)
6/24/2014 (FP)
sold (to open) 2 July 2014 $191 puts at $0.73
probability of success: 70%
7/16/2014 (3 days before exp)
buy (to close) both options at $0.03
NET PROFIT: $130.44
-----------------------------------------
Learn to SELL PUT OPTIONS. It's easy, fun and profitable!
Learn on your own for FREE (www.youtube.com/user/moneyandlilia) or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com)
6/11/2014 (FP)
sell (to open) 4 July 2014 $165 puts at $1.13
probability of success: 70%
7/15/2014 (4 days before exp)
buy (to close) all puts at $0.05
NET PROFIT: $420.83 (ROC 3.34% in 1 month)
--------------------------------------------------------
Learn to SELL PUT OPTIONS. It's easy, fun and profitable!
Learn on your own for FREE (www.youtube.com/user/moneyandlilia) or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com)
6/11/2014 (RD)
sell (to open) 2 July 2014 $165 puts at $1.13
probability of success: 70%
7/15/2014 (4 days before exp)
buy (to close) both puts at $0.05
NET PROFIT: $206.43 (ROC 3.28% in 1 month)
-----------------------------------------------------
Learn to SELL PUT OPTIONS. It's easy, fun and profitable!
Learn on your own for FREE (www.youtube.com/user/moneyandlilia) or
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com)
5/29/2014
Sold (to open) 1 July 2014 $118 put for $1.31
(received $131 cash)
Reasons for placing trade:
- GLD was "oversold" according to the stochastics (see chart)
- probability of success: 67%
6/27/2014
bought (to close) GLD put for $0.05 (see chart)
NET PROFIT: $118.18 (in 1 month)
LESSONS:
- Sell (to open) put options when the underlying is "oversold" (check out my impeccable timing!)
- Choose put options that are out-of-the-money (OTM)
- Once your opening trade has filled, go back into your account right away and submit a "buy to close" GTC order at $0.05
- Sit back and WAIT......
WARNING: We're not aiming for "home runs" when trading options ...... we just want to "get on base" EVERY TIME!
-----------------------------------------------------------
Learn to SELL PUT OPTIONS! It's easy, fun and PROFITABLE!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or.....
Pay for private, 1-on-1 training (click here for details).
5/14/2014 (RD)
sold (to open) 2 June 2014 $187 puts at $2.03
(received $406 cash)
probability of success: 62%
6/20/2014 (expiration)
SPY closed at $195.94. Perfect!
NET PROFIT: $396.49
------------------------------------
Learn to trade OPTIONS. It's easy, fun and profitable!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or.....
Pay for private, 1-on-1 training (contact moneyandlilia888@gmail.com).
5/14/2014 (FP)
sold (to open) 1 June 2014 $187 put at $2.06
(received $206 cash)
probability of success: 62%
6/20/2014 (expiration)
SPY closed at $195.94. Perfect!
NET PROFIT: $197.26
------------------------------------------------------
Learn to trade OPTIONS! It's easy, fun and profitable!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or ....
Pay for private, 1-on-1 training (contact moneyandlilia888@gmail.com).
3/26/2014 (RD)
+1 January 2015 $115 call at $7.70 (ATM call)
-1 January 2015 $115 put at $9.05 (ATM put)
Net credit: $1.35
Reason for initiating trade: "oversold"
(see chart)
6/19/2014
sell to close call option at $7.12
buy to close put option at $6.27
Net credit: $0.85
Reason for closing trade: "overbought"
(see chart)
TOTAL NET PROFIT: $200.93
LESSONS:
On 4/2/2014 (see chart), IWM was "overbought" again. If I had closed my position that day ($1.94 credit), my gross profit would have been $329 in just SIX days!! But no....I waited instead.... and IWM took a dive. So, the LESSON is: TAKE YOUR PROFITS!!! (especially if you're trading long options)
-------------------------------------------------
Learn to trade options. It's easy, fun and profitable.
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or....
Pay for private, 1-on-1 training (contact moneyandlilia888@gmail.com).
6/4/2014 (RD)
sold (to open) 2 July 2014 $117 puts for $1.17
(I received $234 in cash)
Reasons for placing this trade:
- Probability of success: 68%
- "Oversold" (see chart)
6/19/2014
bought (to close) both puts for $0.10
(I spent $20)
Reasons for closing this position:
- GLD rose 3% today.....a lovely surprise!
- I've collected 91% of the maximum profit in just 2 weeks
- "Overbought" (see chart)
NET PROFIT: $194.99 (in 2 weeks)
LESSONS:
Note the IMPECCABLE TIMING of my opening and closing trades! Obviously, I don't have a crystal ball, but I aim to SELL PUTS at the bottom of the stochastics and I aim to buy them back at the top of the stochastics. It's that simple!
Learn to SELL PUT OPTIONS! It's easy, fun and PROFITABLE!!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or....
Pay for private, 1-on-1 training (contact moneyandlilia888@gmail.com).
5/20/2014
sold (to open) 2 June 2014 $160 puts for $1.15
(I received $230 in cash)
Reasons for placing this trade on 5/20:
- Bottom of stochastics ("oversold") (see chart)
- Dow dropped over 100 points which brought DIA down to the 50 EMA (see chart)
- Probability of success: 70%
6/17/2014 (4 days left until expiration)
bought back puts for $0.02
NET PROFIT: $217.39
-------------------------------------------------
Learn to SELL PUT OPTIONS for FREE at www.youtube.com/user/moneyandlilia or....
Pay for private, 1-on-1 training (contact moneyandlilia888@gmail.com).
4/25/2014 (Fri)
+4 June 2014 $178 puts at $1.69
-8 June 2014 $177 puts at $1.52 (probability ITM = 23%)
Net credit: $1.35
6/11/2014 (Wed)
buy (to close) 4 June 2014 $177 puts at $0.03
Let the 177/178 debit put spread expire on June 20 (unless SPY goes down)
NET PROFIT (as of June 11): $511.57
Note: if SPY dips below $178 on June 20, my debit put spread will become profitable.
-------------------------------------
Learn to trade options.
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or.....
Pay for private, one-on-one training (inquire at moneyandlilia888@gmail.com).
2/25/2014 (FP)
sold (to open) 2 April 2014 $89 puts for $1.45
(received $290)
Note: the $89 strike price was later adjusted to $88.63 due to a special dividend
4/11/2014
rolled April puts to May 2014 for $0.47
(received another $94)
5/15/2014
rolled May puts to June 2014 for $1.00
(received another $200)
6/11/2014
bought (to close) the 2 June 2014 $88.63 puts for $0.05
(spent $10)
TOTAL NET PROFIT: $550.24
-----------------------------------------------------------------------
Learn to SELL PUT OPTIONS. It's easy, fun and profitable.
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or.....
Pay for private, one-on-one training (inquire at moneyandlilia888@gmail.com).
3/7/2014
sold (to open) 4 April 2014 $76 puts for $1.57
(I received $628)
4/11/2014
rolled my April puts to July 2014 for $1.44
(I received another $576)
6/10/2014
bought back (to close) my 4 July 2014 puts for $1.37
(I spent $548)
TOTAL NET PROFIT: $619.52 (ROC 2.038% in 3 months)
--------------------------------------------------
Learn to SELL PUT OPTIONS! It's easy, fun and profitable!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or....
Pay for private, one-on-one training (e-mail me at moneyandlilia888@gmail.com).
3/26/2014
sold (to open) 1 April 2014 $114 put for $1.66 (credit)
(cash received = $166)
4/15/2014
rolled April 2014 $114 put to June 2014 $114 put for $1.97 (new credit)
(cash received = $197)
6/5/2014
bought (to close) June 2014 $114 put for $1.28 (debit)
(cash spent = $128)
TOTAL NET PROFIT: $210.85
NOTES:
On 3/26/2014, IWM was trading between $114.65 and $117.68.
Let's suppose you had bought 100 shares of IWM at $116.16 (average price) instead of selling a put option like I did.
On 6/5/2014, when I closed my PUT OPTION for a PROFIT, IWM was trading between $112.09 and $114.88. If you had sold your IWM shares on 6/5, you would have locked in a LOSS of $128 - $407, depending on what price you actually received.
This is a perfect example of why SELLING PUT OPTIONS is BETTER than just buying (long) a stock (or ETF). When you SELL PUT OPTIONS, you're selling "time," so you will make money even if the stock/ETF goes down.
Check out my FREE lessons on YouTube (www.youtube.com/user/moneyandlilia) and learn to SELL PUT OPTIONS!
It's easy, fun and most importantly, PROFITABLE!
