QQQ Credit Put Spread (wide vertical)

4/2/2015 (10:54:31 am, PT)  FP

- 4 May 2015  $102 puts at $1.27 (credit)
+ 4 May 2015  $85 puts at $0.05 (debit) (cheap "insurance")

• Net credit:  $1.22 x 4 x 100 =  $488
• Maintenance required:  $6800
• Prob. ITM for $102 put:  32%

Why did I place this trade?

• oversold region of stochastics (see chart)
• "triple bottom" (possible support?)

4/15/2015 (10:47:09 am, PT)

• buy to close the 4 short puts ($102 strike) at $0.39 (debit)
• leave open the 4 long puts ($85 strike) in case QQQ drops between 4/15 and May expiration

Why did I place this trade?

• overbought region of stochastics (see chart)
• TAKE PROFITS!

5/15/2015 (expiration)
QQQ closed at $109.58, so the 4 long puts ($85 strike) expired worthless (as expected)


NET PROFIT:  $322.68
ROC = 4.745% (in 13 days)

Success!

SELL PUT OPTIONS and GET PAID immediately!

Learn on your own for FREE by watching my VIDEOS or

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

Spiders (SPY) April/June Put Options

3/27/2015 (9:00:24 am, PT)

sell (to open) 10 April 2015  $197 puts at $0.75 (credit)
83% probability of success


4/8/2015 (9:44:29 am, PT)
I ROLLED my April puts to June because I WANTED to, not because I had to

buy (to close) 10 April 2015  $197 puts at $0.07 (debit)
sell (to open) 10 June 2015  $199 puts at $2.84 (credit) (70% probability of success)
net credit:  $2.77


4/10/2015 (9:47:28 am, PT)

buy (to close) all 10 June 2015  $199 puts at $2.10 (debit)

NET PROFIT:  $1367.87  (in TWO weeks!!)

Success!!

SELL PUT OPTIONS and GET PAID up front!

Learn on your own for FREE by watching my VIDEOS or

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

Spiders (SPY) May Put Options

3/24/2015 (9:00:05 am, PT)

sell (to open) 10 May 2015  $197 puts at $1.10 (credit)

Probability of success:  83%


4/10/2015 (10:00:50 am, PT)

buy (to close) all 10 puts at $0.59 (debit)

NET PROFIT:  $480.45

Success!

SELL PUT OPTIONS and GET PAID up front!

Learn on your own for FREE by watching my VIDEOS or

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

Spiders (SPY) April Put Options

3/26/2015 (12:20:28 am, PT)

sold (to open) 1 April 2015  $200 put at $1.38 (credit)

Why did I place this trade?

• stochastics approaching oversold region (see chart)
• 73% probability of success

4/10/2015 (6:51:27 am, PT)

buy back put option at $0.05 (debit)


NET PROFIT:  $131.43  (in 2 weeks)

Success!

SELL PUT OPTIONS and GET PAID up front!

Learn on your own for FREE by watching my VIDEOS or

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

Spiders (SPY) April Ratio Put Spread

2/25/2015 (11:26:46 am, PT) RD

+2 April 2015  $207 puts at $2.51 (debit)
-4 April 2015  $206 puts at $2.27 (credit)

net credit:  $2.03 x 2 x 100 =  $406
"max" profit:  $406 + ($207 - $206) (2)  =  $606
probability of expiring ITM ($206 put):  34%

Why did I place this trade?

• stochastics in overbought region

3/26/2015 (12:54:50 pm, PT)

sell (to close) the 2 long ($207) puts at $3.62 (credit)


4/9/2015 (1:10:01 pm, PT)

buy (to close) the 4 short ($206) puts at $0.52 (SPY was around $208 at the time)

NET PROFIT:  $888.80

Success!

SELL PUT OPTIONS and GET PAID up front!

Learn on your own for FREE (watch my videos) or

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

Spiders (SPY) April Put Options

3/13/2015 (12:20:26 pm, PT) RD

sell (to open) 2 April 2015  $194 puts at $1.19 (credit)

Why did I place this trade?

• stochastics in oversold region
• 81% probability of success

4/9/2015 (10:14:09 am, PT)

buy (to close) both puts at $0.03 (debit)

Why did I close my position?
TAKE PROFITS!

NET PROFIT:  $222.43

Success!

SELL PUT OPTIONS and GET PAID up front!

Learn on your own for FREE (watch my videos) or

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

QQQ April Put Options

3/13/2015 (10:27:41 am, PT)

sell (to open) 1 April 2015  $101 put at $1.06 (credit)

Why did I place this trade?

• 72% probability of success
• stochastics in oversold region (see chart)
• price touching 50 EMA (possible support)  (see chart)

4/9/2015 (12:53:11 pm, PT)

buy (to close) my put at $0.03 (debit)

Why did I close my position?
TAKE PROFITS!

NET PROFIT:  $95.18

Success!

SELL PUT OPTIONS and GET PAID up front!

Learn on your own for FREE (watch my videos) or

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

PepsiCo (PEP) April Put Options

3/10/2015 (10:58:53 am, PT)

sell (to open) 1 April 2015  $92.50 put at $1.37 (credit)

Why did I place this trade?

• stochastics in oversold region
• high implied volatility
• 63% probability of success

4/8/2015 (10:46:05 am, PT)

buy (to close) put at $0.11 (debit)

Why did I close my trade?

• stochastics in overbought region
• TAKE PROFITS

NET PROFIT:  $122.93

Success!

SELL PUT OPTIONS and GET PAID immediately.

Learn on your own for FREE (watch my videos) or

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

Spiders (SPY) April Put Options

3/27/2015 (9:00:24 am, PT)

sell (to open) 10 April 2015  $197 puts @ $0.75 (credit)

probability of success:  83%


4/8/2015 (9:44:29 am, PT)

buy (to close) all 10 puts at $0.07 (debit)


NET PROFIT:  $650.47  (in 8 trading days)

Success!

SELL PUT OPTIONS and GET PAID immediately!

Learn on your own for FREE (watch my videos) or

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

Diamonds (DIA) April Ratio Put Spread

2/19/2015 (11:26:53 am, PT) FP

+2 April 2015  $178 puts at $3.32 (debit)
-4 April 2015  $174 puts at $2.24 (credit)

max credit:  $1.16 x 2 x 100 =  $232
"max" profit:  $232 + ($178 - $174) (2) (100) =  $1032

Why did I place this trade?

• stochastics in overbought region

4/2/2015 (12:35:15 pm, PT)

sell (to close) the 2 long puts ($178) at $2.29
buy (to close) the 4 short puts ($174) at $0.95
(net debit of $0.39)

Why did I close this trade?

• the net profit was higher than the original "credit" of $232
• I had a "feeling" DIA would not close below $174 on expiration Friday 
• TAKE PROFITS!

NET PROFIT:  $300.65

Success!

SELL PUT OPTIONS and GET PAID up front!

Learn on your own for FREE (watch my videos) or

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

Lockheed Martin (LMT) April Put Options

3/12/2015 (9:52:39 am, PT)

sell (to open) 2 April 2015  $190 puts at $1.76

Why did I place this trade?

• stochastics in oversold region
• high implied volatility
• 74% probability of success

3/30/2015 (6:39:48 am, PT)

buy (to close) both puts at $0.30

Why did I close this trade?

• TAKE PROFITS!

NET PROFIT:  $285.89  (in 13 trading days)

Success!

SELL PUT OPTIONS and GET PAID immediately.

Learn on your own for FREE (watch my videos) or

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

Gold ETF (GLD) Put Options

2/17/2015 (10:03:07 am, PT)

sold (to open) 2 March 13 2015  $114 puts at $1.35 (credit)


Reasons for placing this trade:

• 63% probability of success
• oversold region of stochastics (see chart)
• I selected a "weekly" option so it could expire (hopefully) before the FOMC meeting on 3/18/2015

3/10/2015 (9:40:47 am, PT)

GLD was trading around $111, so my puts were in-the-money. (see chart)
With only 4 days left until expiration, I decided to ROLL my puts to April 2015 to avoid assignment.

Here's the roll:

• buy (to close) 2 March 13 2015  $114 puts at $2.75
• sell (to open) 2 April 2015 $114 puts at $3.97

net credit:  $1.22

If I had simply closed my ITM short puts on 3/10, it would have cost me $2.75.
Since my initial credit was $1.35, buying (to close) at $2.75 would have resulted in a loss of $280.
I don't like to lose money, so I ROLLED my puts to April and received another credit of $1.22.


3/27/2015 (11:29:57 am, PT)

buy (to close) both puts at $1.03 (debit)

GLD was back up to $115, so my April puts were finally out-of-the-money again.
I decided to buy (to close) my puts and TAKE MY PROFITS in case GLD dropped again.

On 3/27, GLD was in the overbought region of the stochastics and reversing back down from the 50 EMA (see chart).

TOTAL NET PROFIT:  $295.77

Success!

SELL PUT OPTIONS and GET PAID up front!

Learn on your own for FREE (watch my videos) or

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

SPY Put Options

3/24/2015 (9:10:20 am, PT)

buy (to open) 2 May 2015  $207 puts at $2.87 (debit)

Reason for placing this trade:  overbought region of stochastics


3/26/2015 (9:42:05 am, PT)

sell (to close) both puts at $5.08 (credit)

Reason for closing this trade:  TAKE PROFITS

NET PROFIT:  $431.88 (in TWO days)

Success!

Learn to trade PUT OPTIONS.

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

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

Spiders (SPY) Ratio Put Spread

2/18/2015 (11:28:03 am, PT)  

+2 March 2015  $209 puts at $3.33
-4 March 2015  $206 puts at $2.34

Reasons for placing this trade:

• SPY was in the "overbought" region of the stochastics, so I was semi-bearish
• the $206 puts had a 63% probability of expiring OTM
• I received an initial credit of $1.35 ($270)

Here's the lesson:

• As long as SPY continues to rise and closes above $209 on 3/20 (expiration), I get to keep $270.
• If SPY drops anytime between 2/18 and 3/20, I have the opportunity to sell (to close) my two long puts ($209 strike), take my profits, leave the four short puts "naked" and hope that SPY closes above $206 on 3/20 (exp).

What actually happened:

• On 3/10/2015, my preset "sell-to-close" order for my two long puts ($209 strike) filled at $3.75.  It was sort of unfortunate because SPY continued to drop.
• On 3/11, the $209 puts hit a high of $5.72, but I missed out because I had already sold my $209 puts.
• On 3/20/2015 (expiration), my preset "buy-to-close" order for my four short puts ($206 strike) filled at $0.01.  Hurray!
• SPY closed at $210.41 on 3/20 (exp), so it's a GOOD thing I had sold (to close) my two long puts on 3/10 and captured an extra $726.

TOTAL NET PROFIT:  $995.66

Success!

 SELL put options and GET PAID immediately!

Learn on your own for FREE at my YouTube Channel or

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

Spiders (SPY) FOMC Trade

3/18/2015 (10:36:21 am, PT)

Note:  FOMC announcement at 11 am (PT)

-10 April 2015  $191 puts at $0.54

Probability of success:  90%
Maint. req:  $23848


3/20/2015 (9:39:42 am, PT)

buy to close all 10 puts at $0.17

NET PROFIT:  $354.50 in TWO DAYS!

Success!

SELL put options and GET PAID immediately!

Learn on your own for FREE at my YouTube Channel or

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

Spiders (SPY) April Put Options

3/19/2015 (10:19:32 am, PT)

Note:  FOMC on 3/18 and Wall Street reacted positively

-10 April 2015  $198 puts at $0.74

probability of success:  86%
maint. req:  $31058 


3/20/2015 (9:39:18 am, PT)

buy to close all 10 puts at $0.38

NET PROFIT:  $344.50 in ONE DAY!

Success!

SELL PUT OPTIONS and GET PAID IMMEDIATELY.

Learn on your own for FREE at my YouTube Channel or

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

SPY FOMC Trade

2/25/2015 (9:28:45 am, PT)  (top of stoch)

sold (to open) 10 April 2015  $198 puts at $1.07

probability of success:  84%
maint. req:  $29,558


3/18/2015 (12:16:34 pm, PT)  (1.25 hours after FOMC announcement)
SPY shot up $3.00 right after the FOMC!

buy (to close) all 10 puts at $0.52

NET PROFIT:  $534.50

Success!

SELL PUT OPTIONS and GET PAID IMMEDIATELY!

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

Pay for customized, 1-on-1 training (click HERE for details).

Gold (GLD) Feb Bull Put Spread

12/29/2014 (11:59:47 am, PT)

This is a BULL PUT SPREAD (aka credit put spread)

-2 February 2015  $112 puts at $2.45
+2 February 2015  $111 puts at $2.09

Why did I place this trade?

• stochastics in oversold region (see chart)
• amount of capital required:  $200

2/13/2015 (6:57:23 am, PT)

buy (to close) the 2 short puts ($112 strike) at $0.04

Why?  

• stochastics in oversold region (see chart)
• to remove the risk of losing $$$ in case GLD continues lower and closes below $112 on expiration Friday
• leaving the long put ($111 strike) open gives me the opportunity to make some extra $$$ if GLD plunges in the next 7 days

2/20/2015 (expiration)

GLD closed at $115.28 (see chart)

my long put expired "worthless"


NET PROFIT:  $53.83  (ROC 27% in 7.5 weeks)

Success!

SELL VERTICAL PUT SPREADS and GET PAID immediately.

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Spiders (SPY) Feb Ratio Put Spread

1/15/2015 (11:11:39 am, PT)

SPY was trading between $199.48 and $199.60 at the time

THIS IS A RATIO PUT SPREAD

+2 February 2015  $199 puts at $4.57
-4 February 2015  $197 puts at $3.87

max credit:  $634
max potential profit:  $1034


2/13/2015 (6:44:09 am, PT)

• buy to close 2 February 2015  $197 puts at $0.04 to remove the risk
• leave 197/199 debit put spread open for the potential to make more $$$

2/20/2015 (expiration Friday)

SPY closed at $211.24
debit put spread expired "worthless"

NET PROFIT:  $614.26

Success!

SELL RATIO PUT SPREADS and GET PAID immediately!

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

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

Spiders (SPY) Feb Ratio Put Spread

1/15/2015 (12:55:33 pm, PT) FP

this is a RATIO PUT SPREAD

+1 February 2015  $199 put at $4.73
-2 February 2015  $198 puts at $4.35

max credit:  $3.97 ($397)
max potential profit:  $497


2/17/2015 (6:30 am, PT)

• buy to close 1 February $198 put at $0.03 to remove the risk
• leave the 198/199 debit spread open for the potential to make more $$

2/20/2015 (expiration)

SPY closed at $211.24, so the 198/199 debit spread expired "worthless"


NET PROFIT:  $383.67

Success!

SELL PUT OPTIONS and GET PAID immediately!

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

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