Spiders (SPY) August Jade Lizard

6/25/2015 (12:42:16 pm, PT)  RD

buy +4 August 2015  $216 calls at $1.24  [22% prob ITM]
sell -4 August 2015  $215 calls at $1.60  [26% prob ITM]
sell -4 August 2015  $203 puts at $2.18  [30% prob ITM]


Why did I place this trade?

• stochastics in overbought region
• max profit = $1016 if SPY closes between $203 and $215 at expiration

8/12/2015 (6:43 am, PT)  [stochastics bottom]

buy to close the four $215 short calls at $0.04 to remove the risk


8/19/2015 (11:12:45 am, PT)

buy to close the four $203 puts at $0.04 to remove the risk


8/21/2015 (expiration)

the four long $216 calls expired "worthless"

NET PROFIT:  $966.40

Success!!

THANK GOD I closed those four naked puts early because SPY closed at $197.63 on Expiration Friday!!!!  Those puts would have ended up ITM. 

The lesson here is:  
ALWAYS BUY BACK YOUR SHORT OPTIONS AND REMOVE THE RISK EVEN IF EXPIRATION FRIDAY IS JUST A FEW DAYS AWAY!!!

Use OPTIONS to enhance your returns and protect your portfolio.

Learn on your own for FREE by watching MY VIDEOS HERE or 

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

Spiders (SPY) Jade Lizard (options)

6/25/2015 (11:50:25 am, PT)

buy  +1 August 2015  $216 call at $1.25
sell  -1 August 2015  $215 call at $1.61  (27% prob ITM)
sell  -1 August 2015  $203 put at $2.18   (30% prob ITM)

Why did I place this trade?

• stochastics in "overbought" region
• if SPY closes between $203 and $215, profit = $254
• if SPY closes above $216, profit =  $154 (fine)

8/13/2015 (12:26:36 pm, PT)

buy (to close) 1 August 2015  $215 call at $0.02 (to remove the risk)


8/18/2015 (9:50:44 am, PT)

buy (to close) 1 August 2015  $203 put at $0.05 (to remove the risk)


8/21/2015 (expiration)

the long $216 calls expired "worthless"

NET PROFIT:  $237.56

Success!

THANK GOD I bought back those short puts early because they would have ended up ITM on Expiration Friday (8/21/2015).  SPY closed at $197.63 on expiration.

Learn to trade OPTIONS.  It's easy, fun and profitable!

Learn on your own for FREE by watching MY VIDEOS HERE or

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

Spiders (SPY) Aug Put Options

7/21/2015 (11:50:17 am, PT)  stoch top (bad!)

sell  -10 August 28, 2015  $202.50 puts at $1.00

Probability ITM:  20%


8/14/2015 (11:42:29 am, PT)

buy (to close) all 10 puts at $0.44

NET PROFIT:  $537.38

Success!

Learn to trade OPTIONS.  It's easy, fun and profitable!

Learn on your own for FREE by watching MY VIDEOS HERE or

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

Spiders (SPY) August Put Options

7/2/2015 RD

sell  -1 August 2015  $191 put at $1.26

Why did I place this trade?

• stochastics in "oversold" region
• high implied volatility
• 83% probability of success

7/31/2015

buy back put option at $0.10

NET PROFIT:  $113

Success!

Sell put options and get paid up front.

Learn on your own for FREE by watching MY VIDEOS or

Pay for one-on-one training (details HERE).

Spiders (SPY) Credit Put Spread

6/30/2015 (9:37:15 am, PT)

sell -10 August 2015  $180 puts at $0.83 (10.27% prob ITM)
buy +10 August 2015  $170 puts at $0.43 (5.50% prob ITM)

Why did I place this trade?

• stochastics in oversold region
• high implied volatility
• max profit:  $400

7/30/2015 (11:42:20 am, PT)

buy to close all 10 of the $180 puts at $0.05
sell to close all 10 of the $170 puts at $0.02

NET PROFIT:  $323.87

Success!

Learn to trade PUT OPTIONS.

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

Pay for online, one-on-one training (details HERE).

Spiders (SPY) July Jade Lizard

5/11/2015 (10:44:40 am, PT)

buy  +4 July 2015  $216 calls at $1.78
sell  -4 July 2015  $215 calls at $2.20  (32% probability ITM)
sell  -4 July 2015  $205 puts at $3.03  (35% probability ITM)

Why did I place this trade?

• stochastics in "overbought" region
• high probability of success
• no matter where SPY lands at expiration,  this trade will still be profitable

Analysis:

• If SPY closes between $205 and $215 (ideal outcome), profit will be $1380
• If SPY closes above $216, profit will be $980

7/6/2015 (6:30:02 am, PT)

buy back the 4 short calls ($215 strike) at $0.04 to remove the risk


7/17/2015 (expiration)

SPY closed at $212.47 (ideal!), so short puts and long calls expired "worthless"

NET PROFIT:  $1347.51

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) Put Options

6/9/2015 (12:06:16 pm, PT)

sell  -3 July 2015  $203 puts at $2.18

Why did I place this trade?

• stochastics in "oversold" region
• probability of success:  68%

7/17/2015 (expiration)

SPY closed at $212.47, so puts expired "worthless"

NET PROFIT:  $649.39

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) July Ratio Put Spread

5/22/2015 (10:35:02 am, PT)  RD

buy  +6 July 2015  $210 puts at $2.96
sell  -12 July 2015  $209 puts at $2.67 (37% probability ITM)

• net credit:  $2.38 x 6 x 100 =  $1428
• max potential profit:  $2028
• stochastics in "overbought" region

7/16/2015 (6:48:36 am, PT)  stoch top

buy back 6 July $209 puts at $0.05 to remove the risk
leave open July 209/210 debit put spread for potential profit on 7/17 (expiration)


7/17/2015 (expiration)

SPY closed above $212 so debit put spread expired worthless

NET PROFIT:  $1370.27

Success!

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

Learn on your own for FREE (watch MY VIDEOS) or

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

XLI July Put Options

6/8/2015 (12:56:39 pm, PT)  RD

sell  -1 July 2015  $55 put at $0.99


7/17/2015 (10:35:38 am, PT)  expiration Friday

buy back put at $0.18 to remove the risk of assignment
(XLI was trading at $54.84 with no extrinsic value remaining)

Note:  XLI hit a low of $53.35 on July 8 (eek!)

NET PROFIT:  $77.92

Success!

SELL PUT OPTIONS and GET PAID up front!

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

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

Spiders (SPY) July Ratio Put Spread

5/11/2015 (12:49:58 pm, PT)  FP

Ratio Put Spread (stochastics rising)

buy  +4 July 2015  $202 puts at $2.56
sell  -8 July 2015  $201 puts at $2.355 (28% probability ITM)

net credit received:  $2.15 x 4 x 100 =  $860
max potential profit:  $1260


7/14/2015

buy back 4 July 2015  $201 puts at $0.04 to remove the risk
let debit put spread expire on 7/17

NET PROFIT:  $826.68

Success!

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

Learn on your own for FREE by watching MY VIDEOS HERE or

Pay for one-on-one training (details HERE).

Spiders (SPY) June/July Put Options

4/14/2015 (12:21:06 pm, PT)  FP

sell  -3 June 2015  $195 puts at $1.56

net credit:  $1.56


5/22/2015 (11:40:55 am, PT)  ROLL TO JULY (to save on commissions)

buy to close  +3 June 2015  $195 puts at $0.20
sell to open  -3 July 2015  $202 puts at $1.36

net credit:  $1.16


7/14/2015 (6:51:34 am, PT)

buy to close +3 July  $202 puts at $0.05 to remove the risk

NET PROFIT:  $778.06

Success!

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

Learn on your own for FREE by watching MY VIDEOS HERE or

Pay for one-on-one training (details HERE).

 

 

Spiders (SPY) July Ratio Put Spread

5/11/2015 (12:58:49 pm, PT)  RD

Ratio Put Spread (stochastics in "overbought" region)

buy  +3 July 2015  $204 puts at $3.02
sell  -6 July 2015  $203 puts at $2.785  (32% probability ITM)

Net credit received:  $2.55 x 3 x 100 =  $765
Max potential profit:  $1065


7/14/2015 (12:35:53 pm, PT)

buy back 3 July 2015  $203 puts at $0.05 to remove the risk
let remaining debit put spread expire on 7/17

NET PROFIT:  $736.20

Success!

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

Learn on your own for FREE by watching MY VIDEOS HERE or

Pay for one-on-one training (details HERE).

 

 

Spiders (SPY) July Put Options

6/8/2015 (10:29:01 am, PT)  RD

sell  -2 July 2015  $203 puts at $2.29


7/15/2015 (7:06:48 am, PT)

buy back all puts at $0.04 to remove the risk

NET PROFIT:  $448.43

Success!

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

Learn on your own for FREE by watching MY VIDEOS HERE or

Pay for one-on-one training (details HERE).

 

 

Spiders (SPY) July Put Options

5/29/2015 (12:59:38 pm, PT)  RD

sell  -2 July 2015  $203 puts at $1.84

probability of success:  84%


7/14/2015 (7:55:13 am, PT)

buy back all puts at $0.05 to remove the risk

NET PROFIT:  $348.48

Success!

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

Learn on your own for FREE by watching MY VIDEOS HERE or

Pay for one-on-one training (details HERE).

SPY August Put Options

6/30/2015 (9:21:05 am, PT)

sell (to open)  -10 August 2015  $185 puts at $1.07

Why did I place this trade?

• stochastics in "oversold" region
• implied volatility was high
• probability of success =  87%

7/13/2015 (10:05:38 am, PT)

buy (to close) all +10 puts at $0.28

Why did I place this trade?
TAKE PROFITS!!!

NET PROFIT:  $767.43 in 2 weeks

Success!

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

Learn on your own for FREE by watching MY VIDEOS or

Pay for one-on-one training (details HERE).

SPY Credit Put Spread

5/20/2015 (12:15:17 pm, PT)  stochastics top

sell  -10 July 2015  $195 puts at $0.82  (12% probability ITM)
buy  +10 July 2015  $185 puts at $0.36 (5.43% probability ITM)

Net credit:  $460


7/13/2015 (6:30:02 am, PT)

• buy to close the July $195 puts at $0.03 to remove the risk
• let the July $185 puts expire on 7/17/2015

NET PROFIT:  $399.16

Success!

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

Learn on your own for FREE by watching MY VIDEOS or

Pay for one-on-one training (details HERE).

Spiders (SPY) July 2015 Put Options

5/28/2015 (10:17:15 am, PT)  stoch top

sell (to open)  -10 July 2015  $198 puts at $1.11

probability of success:  84%


6/22/2015 (10:09:49 am, PT)  stoch top

buy (to close) all  +10 puts at $0.31

NET PROFIT:  $784.43

Success!

SELL PUT OPTIONS and GET PAID up front!

Learn on your own for FREE (free lessons HERE) or

Pay for 1-on-1 training (DETAILS HERE).

Spiders (SPY) July Put Options

6/9/2015 (10:41:20 am, PT)  low stoch

sell (to open)  -10 July 2015  $197 puts at $1.03

probability of success:  83%


6/22/2015 (10:09:09 am, PT)  high stoch

buy (to close) all  +10 puts at $0.27

NET PROFIT:  $744.43 

Success!

SELL PUT OPTIONS and GET PAID up front!

Learn on your own for FREE (free lessons HERE) or

Pay for 1-on-1 training (DETAILS HERE).

Spiders (SPY) June Ratio Put Spread

4/14/2015 (12:40:24 pm, PT)  RD  

Ratio put spread

buy  +2 June 2015  $206 puts at $3.830
sell  -4 June 2015  $205 puts at $3.525

Why did I place this trade?

• stochastics were in the overbought region
• credit received:  $644
• maximum potential profit:  $844

6/17/2015 (10:26:12 am, PT)  

Bought back 2 short puts ($205 strike) at $0.34 to remove the risk.
FOMC was scheduled to make their announcement at 11 am, PT.


6/19/2015 (expiration)

SPY closed above $210, so debit put spread expired "worthless."

NET PROFIT:  $563.27

Success!

SELL PUT SPREADS and GET PAID up front!

Learn on your own for FREE by watching my YOU TUBE VIDEOS HERE or

Pay for 1-on-1 training (DETAILS HERE).

Spiders (SPY) June Ratio Put Spread

4/29/2015 (11:00:20 am, PT) FP

Ratio Put Spread

buy  +2 June 2015  $203 puts at $2.20
sell  -4 June 2015  $202 puts at $1.965   <---- 26="" br="" itm="" probability="">

Why did I place this trade?

• stochastics were in the "overbought" region (see chart)
• FOMC announcement just happened (11 am, PT)

Credit received:  $346
Maximum potential profit:  $546


6/17/2015 (10:09:23 am, PT)

I bought back the 2 short puts ($202 strike) at $0.11 to remove the risk.  
The FOMC was scheduled to make an announcement at 11 am, PT.


6/19/2015 (expiration)
SPY closed above $210, so the debit put spread expired "worthless."

NET PROFIT:  $301.85

Success!

SELL PUT SPREADS and GET PAID up front!

Learn on your own for FREE by watching my YOU TUBE VIDEOS HERE or

Pay for 1-on-1 training (DETAILS HERE).