8/22/2014 (11:08:06 am, PT) LL
- sold (to open) 4 October 2014 $120 puts at $1.21
- probability of success: 69%
10/10/2014 (9:03:56 am, PT)
- GLD was trading between $117.19 and $117.74, so my puts were ITM
- I rolled my 4 October 2014 puts to November 2014 (same strike of $120)
- Received another credit of $1.12
11/5/2014 (10:00:08 am, PT)
- GLD was trading around $110.27
- My short puts had about $0.05 of extrinsic value remaining
- I rolled my 4 November 2014 puts to March 2015 (same strike of $120)
- Received another credit of $1.45
1/20/2015 (10:57:09 am, PT)
- GLD was trading around $124ish
- The stochastics were in the "overbought" region
- I decided to close my position today
- Unfortunately, however, the implied volatility was extremely high, so I had to overpay ($2.32) to buy back my short puts. That's fine. I just wanted to take my PROFITS.
TOTAL NET PROFIT: $541.22 Success!
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12/12/2014 (10:41:48 am, PT) LL
+1 January 2015 $101 put at $1.55
-2 January 2015 $100 puts at $1.30
maximum credit: $1.05 x 1 x 100 = $105
maximum potential profit: ($1.05 + $1.00) x 1 x 100 = $205
Why did I place this trade?
- stochastics in the "oversold" region (see chart)
- price approaching 50 EMA (possible support?)
- probability of expiring ITM was 31% (for $100 strike)
1/15/2015 (12:41:53 pm, PT) (1 day before expiration)
QQQ was bouncing around $100 all day long (see chart).
I decided to sell (to close) my debit put spread for $0.64 ($64).
1/16/2015 (expiration)
QQQ closed at $100.82 (see chart).
My short strike was $100! Whew! That was close!!!!
I let my remaining short put expire.
TOTAL NET PROFIT: $151.09 Success!
Learn to SELL RATIO PUT SPREADS! You get paid up front and you can make money REGARDLESS of the direction of the underlying!
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12/10/2014 (11:22:08 am, PT) LL
sell (to open) 10 January 2015 $190 puts at $1.10
Why did I place this trade?
- SPY was touching the 50 EMA (possible support) [see chart]
- stochastics was near the oversold region [see chart]
- probability of success: 83%
1/9/2015 (6:30:03 am, PT)
buy (to close) all 10 puts at $0.03
TOTAL NET GAIN: $1054.98 Success!
The lesson.....
On 12/10/2014 (when I sold my puts at $1.10), SPY was trading between $202.93 and $205.98.
On 1/9/2015 (when I bought back my puts at $0.03), SPY was trading between $203.51 and $206.42.
If, during the same time frame, I had bought 1000 shares of SPY instead of selling put options, I would have broken even. However, by selling 10 put options, I came out with a profit of $1054.98! That's why I love to sell put options!
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12/16/2014 (12:42:59 pm, PT) LL
sold to open 1 January 2015 $196 put at $3.87
Why did I place this trade?
- oversold region of stochastics (see chart)
- high implied volatility because of FOMC announcement on 12/17
- probability of success: 58%
1/8/2015 (1:04:28 pm, PT)
bought back put option at $0.14
Why did I close this trade?
NET PROFIT: $369.93 (ROC 1.887% in 3 weeks, 2 days)
Success!
Learn to SELL PUT OPTIONS and GET PAID up front!
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12/12/2014 (11:30:04 am, PT) FP
sold to open 2 January 2015 $186 puts at $1.15
maintenance required: $5371.60
Why did I place this trade?
- oversold region of stochastics (see chart)
- touching 50 EMA (possible support)
1/8/2015 (9:48:55 am, PT)
bought back both puts at $0.04
Why? TO TAKE PROFITS!
TOTAL NET PROFIT: $212.44 (ROC 3.95% in 4 weeks)
Success!
Learn to SELL PUT OPTIONS and GET PAID up front!
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10/29/2014 (11:13 am, PT) FP
Ratio spread:
+3 December 2014 $195 puts at $3.70 (long puts)
-6 December 2014 $191 puts at $2.55 (short puts)
Net credit: $1.40
Cash received: ($1.40) (3) (100) = $420
Why did I place this trade?
- top of stochastics (I was slightly bearish) (see chart)
- probability of success was approximately 68%
- potential max profit: $1620
12/17/2014 (10:59:06 am, PT)
sell to close the 3 long puts at $0.48
buy to close the 6 short puts at $0.16
Net CREDIT: $0.16
It is VERY UNUSUAL to receive a CREDIT when buying back a ratio spread. This gave me a profit that's even higher than my original credit. That's why I closed the trade instead of allowing the options to expire on 12/19.
TOTAL NET PROFIT: $438.09 SUCCESS!
Learn to SELL RATIO SPREADS so you can make money regardless of the direction of the underlying.
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9/24/2014 (8:57 am, PT)
sell to open 10 November 2014 $185 put options at $1.07
I GOT PAID $1070 up front!
Why did I place this trade on 9/24? See my other SPY trades (below).
11/17/2014 (12:27 pm, PT)
buy to close all 10 puts at $0.01
NET PROFIT: $1051.98 SUCCESS!!
Learn to SELL PUT OPTIONS and GET PAID up front. It's easy, fun and profitable.
Learn on your own for FREE at YouTube or
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9/24/2014 (9:18 am, PT)
sell to open 1 November 2014 $191 put option at $1.82
I GOT PAID $182 up front!
Why did I place this trade on 9/24/2014?
- SPY was touching its 50 EMA (see chart)
- bottom of stochastics (see chart)
- probability of success = 73%
On 10/15/2014, SPY hit a low of $181.92 (see chart). My put option was in-the-money by $9.08.
 |
| YIKES!! |
However, I was not at risk of early assignment because there was plenty of "extrinsic" value remaining in my put. So.... I left it open and hoped for a recovery. After all, what goes down must come up, right?
11/17/2014
buy to close my put option at $0.03
NET PROFIT: $177.43 SUCCESS!
Learn to SELL PUT OPTIONS and GET PAID up front! It's easy, fun and profitable.
Learn on your own for FREE at YouTube or
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9/24/2014 (9:03 am, PT)
sell to open 5 November 2014 $192 put options at $1.94
I received $970 immediately!
WHY did I place this trade on 9/24/2014?
- SPY had come back down to its 50 EMA (see chart)
- bottom of stochastics (see chart)
- probability of success was 70%
On 10/15/2014, SPY dropped all the way down to $181.92 (see chart)
.
11/13/2014 (10:41 am, PT)
buy to close all 5 puts at $0.09
WHY?
- top of stochastics
- take profits!
NET PROFIT: $903.23 SUCCESS!
Learn to SELL PUT OPTIONS and GET PAID up front! It's easy, fun and profitable!
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10/1/2014 (11:59 am, PT)
sell to open 1 Nov 2014 $188 put option at $2.54
I received $254 CASH immediately!
WHY did I place this trade on 10/1/2014?
- SPY dropped 1.36% (when the underlying goes down, put prices rise)
- "bottom" of stochastics (see chart)
- probability of success: 67%
Note: SPY broke through its 50 EMA on 10/1/2014, so it may continue to drop (bad)
On 10/15/2014, SPY hit a low of $181.92 (see chart), so my Nov $188 put option was $6.08 in-the-money (bad). However, I was not at risk of early assignment because there was a lot of "extrinsic" value remaining in my option.
So.... I left my position open. After all, what goes down must come up, right?
11/10/2014 (7:14 am, PT)
buy to close my put option at $0.05
NET PROFIT: $241.18 SUCCESS!
By leaving my put option open, I was able to take advantage of SPY's recovery (see chart).
Learn to SELL PUT OPTIONS! It's easy, fun and profitable!
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9/18/2014 (9:57 am) (FP)
sell (to open) 2 November 2014 $107 puts at $1.13
probability of success: 80%
11/10/2014 (7:07 am)
buy (to close) both puts at $0.05
NET PROFIT: $206.44
Learn to SELL PUT OPTIONS and GET PAID up front! It's easy, fun and profitable!
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9/24/2014 (9:46 am) (FP)
sell (to open) 1 Nov 2014 $166 put at $1.74
probability of success: 69%
11/11/2014 (7:08 am)
buy (to close) at $0.05
NET PROFIT: $160.23
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 private training (details at www.moneyandlilia.com).
3/5/2014 (RD)
sell (to open) 2 April 2014 $118 puts at $2.36
IWM was trading between $119.47 and $119.96 on 3/5/2014.
IWM dropped after I sold (to open) my puts, so I had to roll them FIVE times! I was finally able to close the position on 11/7/2014 with a $769.58 profit on 11/7/2014.
The lesson:
Selling (to open) put options gave me a profit of $769.58. If I had bought 200 shares of IWM instead on 3/5/2014, I would still be sitting on a loss of approximately $600 on 11/7/2014. Selling put options is better than buying long a stock/ETF.
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 1-on-1 training. Details at www.moneyandlilia.com.
10/9/2014 (11:47 am, PT) (RD)
sell (to open) 1 Nov 2014 $93 put at $1.18 (I got paid $118)
probability of success: 70%
11/7/2014 (6:30:02 am, PT)
buy (to close) at $0.05 (see chart)
TOTAL NET PROFIT: $104.23
The lesson:
On 10/9/2014, QQQ was touching the 50 EMA (possible support) and it's at the "bottom" of the stochastics, so it's a good time to SELL put options (see chart).
On 10/15/2014, QQQ dropped all the way down to $90.24 (see chart), so my put option was ITM. However, I was not at risk of early assignment because there was a lot of extrinsic value remaining, so I left my option open (i.e., I didn't buy it back for a loss).
As always, I have a GTC, buy-to-close, limit order of $0.05 in place. This order filled at the Opening Bell on Friday, 11/7/2014 (see chart). Hallelujah!
The bottom line..... instead of panicking on 10/15 and closing my trade at a loss, I left it alone and came out with a PROFIT!
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 1-on-1 training. Details at www.moneyandlilia.com.
10/7/2014 (11:29:29 am, PT)
sold (to open) 10 Nov 2014 $183 put options at $1.28
probability of success: 80%
- Why initiate this trade? See chart ("bottom" of stochastics)
10/23/2014 (10 am, PT)
buy (to close) all 10 Nov puts at $0.71
- Why close this trade? TAKE PROFITS! See chart ("top" of stochastics)
NET PROFIT: $547.49 (in 16 days)
--------------------------------------------------------------------------
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 1-on-1 training (details at www.moneyandlilia.com)
7/25/2014 (RD)
This is a ratio put spread (has the highest probability of success).
buy (to open) 3 August 2014 $197 puts at $1.61
sell (to open) 6 August 2014 $196 puts at $1.31 (62% probability of success)
The Lesson:
Why do a ratio spread on 7/25?
SPY was at the "top" of the stochastics (it's "overbought"), so it was likely to reverse back down in the near future.
See chart.
8/4/2014
I decided to sell (to close) the "debit spread" portion of the ratio spread because it was profitable on 8/4.
sell (to close) 3 August 2014 $197 puts at $3.33
buy (to close) 3 August 2014 $196 puts at $2.66
Received credit of $0.67
The Lesson:
SPY was "oversold" on 8/4 (see chart), so it's likely to reverse back up. If it does go back up, I'll lose all the profits on the debit spread.
But then......SPY may continue to drop, so the debit spread will become more profitable.
So..... sell the debit spread on 8/4 and take my profits or leave it open for the possibility of making more $$$? As traders, we're always faced with tough decisions.
As Jim Cramer would say, "Nobody ever got hurt by taking profits!"
8/8/2014 (roll to Sept)
With 6 trading days remaining, I decided to roll my ITM August puts (see chart) to September to avoid assignment and to collect another credit.
buy (to close) 3 August 2014 $196 puts at $4.20
sell (to open) 3 September 2014 $195 puts at $5.67
received new credit of $1.47
9/19/2014 (expiration)
SPY closed at $200.70, so my Sept $195 puts expired perfectly!
Here's all the math:
+1.01 (initial ratio spread)
+0.67 (closing profitable debit spread)
+1.47 (roll August to September)
--------------------------------------
$3.15 x 3 x 100 = $945 (gross)
TOTAL NET PROFIT: $904.76
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 (details here).
8/12/2014
sell (to open) 10 September 2014 $178 puts at $0.57
probability of success: almost 90%
Why place this trade? SPY has been "oversold" and now it's on its way back up (see chart).
9/19/2014 (expiration)
SPY closed at $200.70, so my puts expired perfectly!
TOTAL NET PROFIT: $562.24
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 (details here).
6/27/2014
sell (to open) 1 August 2014 $54 put at $0.92
probability of success: 50% (I usually prefer a higher probability)
The lesson:
sell to open put options when the underlying is "oversold" (see chart)
8/6/2014
Ooops!!!! XLI dipped all the way down to its 200 EMA. (see chart)
My August short put is ITM. Now what??
8/12/2014 (roll)
XLI is heading back up (see chart).
Roll my August $54 put to September for a new credit of $0.41.
buy (to close) 1 August 2014 $54 put at $1.67
sell (to open) 1 September 2014 $54 put at $2.08
9/18/2014
buy (to close) September put at $0.05 (see chart)
TOTAL NET PROFIT: $123.36
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 (details here).
8/4/2014 (check out the timing on this chart)
sold (to open) 10 September 2014 $187 puts at $1.78
probability of success: 70%
9/17/2014 (FOMC at 11 am, PT)
bought (to close) all 10 puts at $0.03 at 9:31 am (PT) to remove the risk
NET PROFIT: $1,734.98
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 (details here).
7/23/2014
sell (to open) 10 August 2014 $193.50 puts at $0.66
probability of success: 80%
7/31/2014 (roll to Sept)
buy (to close) 10 August 2014 $193.50 puts at $2.39
sell (to open) 10 September 2014 $190 puts at $3.16
New credit: $0.77
9/17/2014 (FOMC at 11 am, PT)
buy (to close) all 10 September 2014 $190 puts at $0.05
TOTAL NET PROFIT: $1,342.45
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 (details here).
