QQQ February Puts

1/15/2015 (12:56:51 pm, PT) LL

-1 February 2015 $98 put at $2.02

Why did I place this trade?

• stochastics in "oversold" region (see chart)
• "triple bottom" (possible support?) (see chart)
• high implied volatility (= high premiums)
• probability of success = 60%

2/10/2015 (12:29:37 pm, PT)

my "buy to close" limit order filled at $0.05 even though the "mid" was $0.065!
(I guess a market maker decided to take his/her $5.00 before the price dropped further!)

Why did I close my trade?

• price at top of range (see chart)
• stochastics in "overbought" region (see chart)
• TAKE PROFITS!

NET PROFIT:  $195.43  (ROC 1.99% in 3.5 weeks)

Success!

SELL PUT OPTIONS and GET PAID immediately!

Learn on your own for FREE (visit my YouTube Channel) or

Pay for 1-on-1 training (details here).

IWM February Put Options

1/20/2015 (12:20:58 pm, PT) LL

-2 February 2015 $115 puts at $2.36 (credit)

Why did I place this trade?

• price approaching 200 EMA (possible support?) (see chart)
• stochastics in "oversold" region (see chart)
• high implied volatility (= high premiums)
• probability of success:  56%

2/6/2015 (9:56:20 am, PT)

buy (to close) both puts at $0.39 (debit)

Why did I close this trade?

• price at top of range (see chart)
• stochastics in "overbought" region (see chart)
• TAKE PROFITS!!

NET PROFIT:  $387.88  (ROC 1.686% in 17 days)  

Success!

SELL PUT OPTIONS and GET PAID immediately!

Learn on your own for FREE (YouTube) or

Pay for 1-on-1 training (details here).

SPY Put Options

1/8/2015 (10:14:44 am, PT) LL

sold to open 10 February 2015 $192 puts at $1.20

probability of success:  83%


2/4/2015 (11:14:20 am, PT)

bought to close all 10 puts at $0.32

NET PROFIT:  $857.49                          Success!
using margin, the return on capital is 2.71% in 20 trading days

 

Learn to SELL PUT OPTIONS.  It's easy, fun and profitable.

Learn on your own for FREE by watching my YouTube videos or

Pay for 1-on-1 training (details here).

SPY Put Options

12/24/2014 (8:49:53 am, PT) LL

sold to open 10 February 2015 $191 puts at $1.02

probability of success:  86%


2/4/2015 (11:14:42 am, PT)

bought to close all 10 puts at $0.28

NET PROFIT:  $717.49               Success!
using margin, the return on capital is 2.79% in 6 weeks

Learn to SELL PUT OPTIONS.  It's easy, fun and profitable.
Learn on your own for FREE by watching my YouTube videos or 
Pay for 1-on-1 training (details here).

SPY Put Options

1/30/2015, Friday (12:20:22 pm, PT) LL

sold (to open) 10 February 2015 $187 puts at $0.75

Why did I place this trade?

• "oversold" condition in stochastics (see chart)
• high implied volatility (high premiums)
• probability of success:  84%

2/4/2015, Wednesday (11:15 am, PT)

bought (to close) all 10 puts at $0.15

Why did I close my position?

• approaching "overbought" condition in stochastics (see chart)
• implied volatility has come down
• TAKE PROFITS!

NET PROFIT:  $584.49
using margin, the return on capital is 2.067% in just 4 trading days!

Learn to SELL PUT OPTIONS.  It's easy, fun and profitable.
Learn on your own for FREE by watching my YouTube videos or
Pay for 1-on-1 training (details here).

Energy ETF (XLE) Put Options

1/9/2015 (11:30:27 am, PT) LL

sold (to open) 1 February 2015 $74 put at $1.97

Why did I place this trade?

• "oversold" condition in stochastics (see chart)
• probability of success:  60%

2/3/2015 (10:25:02 am, PT)

bought (to close) put option at $0.36

Why did I close this position?

• "overbought" condition in stochastics (see chart)
• broke above 50 EMA (possible resistance?)
• TAKE PROFITS!

NET PROFIT:  $157.93             Success!

Learn to SELL PUT OPTIONS.  It's easy, fun and profitable.
Learn on your own for FREE at https://www.youtube.com/user/moneyandlilia/playlists or Pay for 1-on-1 training (details here).

Gold (GLD) Put Options

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!

Learn to SELL PUT OPTIONS and GET PAID up front!
Learn on your own for FREE at my YouTube Channel or
Pay for customized, 1-on-1 training (details here).

QQQ Ratio Put Spread

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!

Learn on your own for FREE at YouTube or
Pay for 1-on-1 training (details here).

Spiders (SPY) January Put Options

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!


Learn to SELL PUT OPTIONS and GET PAID up front!
Learn on your own for FREE at my YouTube Channel or
Pay for 1-on-1 training (details here).

Spiders (SPY) January Put Options

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?

• take profits!  (see chart)

NET PROFIT:  $369.93  (ROC 1.887% in 3 weeks, 2 days)

Success!

Learn to SELL PUT OPTIONS and GET PAID up front!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or
Pay for 1-on-1 training (details here).

Spiders (SPY) January Put Options

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!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or
Pay for 1-on-1 training (details here).

Spiders (SPY) Dec Put Options

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.  

Learn on your own for FREE at https://www.youtube.com/user/moneyandlilia or
Pay for 1-on-1 training (details here) or
Pay for a prerecorded, comprehensive lesson (details here)

Spiders (SPY) Nov 185 Put Options

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
Pay for 1-on-1 training (details at www.moneyandlilia.com).

Spiders (SPY) Nov 191 Put Option

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
Pay for 1-on-1 training (details at www.moneyandlilia.com).

Spiders (SPY) Nov 192 Put Options

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)

.

However, I was not at risk of early assignment because my put option still had plenty of "extrinsic" value remaining.  So, I left my position open.  What goes down must come up, right? 



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!
Learn on your own for FREE at You Tube or
Pay for 1-on-1 training (details at www.moneyandlilia.com).

Spiders (SPY) Nov 188 Put Option

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!
Learn on your own for FREE at You Tube or
Pay for 1-on-1 training (details at www.moneyandlilia.com).

Russell 2000 ETF (IWM) Put Options

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!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or
Pay for private training (click on www.moneyandlilia.com for details).

Diamonds (DIA) Put Options

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).

IWM Put Options

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.

QQQ Nov 2014 Put Options

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.