Spiders (SPY) Feb Call Options

Thursday, 2/18/2016 (8:33:40 am, PT)

sold (open) -10 Feb 26, 2016 (wk 4)  $197.50 calls at $0.27

Why did I place this trade?

• stochastics in overbought region

Wednesday, 2/24/2016 (7:09:48 am, PT)

bought back all 10 calls at $0.02

PROFIT:  $250 (in 5 trading days)

SUCCESS!

SPY March Call Options

Thursday, 2/18/2016 (9:26:03 am, PT) RD

sold -2 March 2016  $199 calls at $1.19

Why did I place this trade?

• stochastics in overbought region
• 78% probability of success

Tuesday, 2/23/2016 (9:19:15 am, PT)

bought back both calls at $0.88

Why did I close my position so soon?

• To take profits

PROFIT:  $62

SUCCESS!

QQQ Put Options

2/12/2016 (10:00:20 am, PT)

sell -10 Feb 2016  $92 puts at $0.23

probability of success:  90%


2/17/2016 (6:30:31 am, PT)

buy back puts at $0.02

PROFIT:  $210 (in 3 trading days)

SUCCESS!

Tesla (TSLA) Feb Put Options

Friday 2/12/2016 (11:04:31 am, PT) FP

sold (open) -10 Feb 2016  $123 puts at $0.35

Why did I place this trade?

• stochastics in oversold region
• TSLA just reported earnings (so no more surprises)
• implied volatility still high (so high premiums)
• 3-day weekend (so 3 days of theta time decay ... I LOVE 3-day weekends)
• 94% probability of success (high)

Tuesday 2/16/2016 (12:32:19 pm, PT)

buy back all 10 puts at $0.03

Comment:
This is absolutely amazing.  My trade filled at $0.03 even though the "mid" price was $0.14.  
I figured the market makers must have wanted to make $30 instead of nothing.  Good for them for taking my bid!

PROFIT:  $320 (in TWO trading days!)

SUCCESS!

SELL PUT OPTIONS when the IV is inflated.

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

PAY for private training (details HERE). 

Spiders (SPY) Feb Put Options

1/12/2016 (10:33:26 am, PT)

sell (open)  -2 Feb 2016  $174 puts at $1.05

Why did I place this trade?

• stochastics in oversold region
• high implied volatility
• 86% probability of success

2/16/2016 (12:19:54 pm, PT)

buy back both puts at $0.03

PROFIT:  $204

SUCCESS!

SELL PUT OPTIONS when the IV is inflated.

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

PAY for private training (details HERE). 

Spiders (SPY) Feb Strangle

Tuesday 2/2/2016 (10:08:03 am, PT)

sell -10 Feb 12 2016 (wk 2)  $198 calls at $0.24 (prob ITM = 10%)
sell -10 Feb 12 2016 (wk 2)  $181 puts at $0.39 (prob ITM = 10%)


Friday 2/5/2016 (1:03:54 pm, PT)

buy back the 10 calls at $0.05 


Friday 2/12/2016 (7:46:49 am, PT)

buy back the 10 puts at $0.04

Comment:
Even though 2/12/2016 was Expiration Friday, I went ahead and bought back my short puts anyway just to be safe.

TOTAL PROFIT:  $540 (in 10 calendar days)

SUCCESS!

Spiders (SPY) Feb Call Options

2/2/2016 (11:37:32 am, PT) RD

sell -2 Feb 2016  $195 calls at $1.17

Why did I place this trade?

• stochastics in overbought region
• 75% probability of success

2/12/2016 (12:58:32 pm, PT)

buy back both calls at $0.05

PROFIT:  $224 (in 10 calendar days)

SUCCESS!

Check out my impeccable timing!

• chart on 2/2/2016   
• chart on 2/12/2016

Tesla (TSLA) Feb earnings play

2/10/2016 (12:58:42 pm, PT)

sold -2 Feb 12, 2016 (wk 2)  $105 puts at $1.05

Why did I place this trade?

• TSLA was announcing earnings after the Closing Bell
• the "expected move" was plus or minus $22.51
• TSLA was trading around $143.67 when I placed the trade
• probability of success:  90%

2/11/2016 (10:43:20 am, PT)  ....  ONE day later 

buy back both puts at $0.02

PROFIT:  $206  (in ONE day!!!!)

SUCCESS!

SELL PUTS and/or CALLS right before earnings announcements when the IV is high and premiums are inflated.

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

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

Spiders (SPY) Feb Put Options

1/12/2016 (11:18:23 am, PT)  FP

sell -2 Feb 2016  $165 puts at $0.53 (credit)

Why did I place this trade?

• stochastics in oversold region (see scary-looking chart HERE!)
• high implied volatility
• probability of success:  92.37% (very high)

2/4/2016 (7:16:23 am, PT)

Click HERE to see chart (notice stochastics in overbought region?)

buy back both puts at $0.05 (debit)

PROFIT:  $96

SUCCESS!

SELL PUTS when the IV is high and GET PAID UP FRONT!

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

PAY for private lessons (details HERE).

Spiders (SPY) Feb Put Options

1/8/2016 (10:24:10 am, PT)

sell -2 Feb 2016  $186 puts at $2.92

Why did I place this trade?

• stochastics in oversold region
• high implied volatility
• probability of success:  70%

1/29/2016 (9:39:56 am, PT)

buy back both puts at $1.41

Why?  To take profits.

PROFIT:  $300 (in 3 weeks)

SUCCESS!

Implied volatility is high!  

SELL PUTS to take advantage of inflated premiums.

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

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

Visa Earnings Play

1/28/2016 (12:52:10 pm, PT)

sell -1 Jan 29, 2016 (week 5)  $67.50 put at $1.05

Why did I place this trade?

• earnings announcement after market close today
• expected move:  $4.00
• probability of success:  65%

1/29/2016 (6:39:12 am, PT)

buy back put at $0.04

PROFIT:  $101 (in 1 day)

SUCCESS!

 

It's EARNINGS SEASON!  

SELL PUTS (and/or calls) to take advantage of inflated premiums.

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

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

Spiders (SPY) Put Options

1/27/2016 (12:00:55 pm, PT)

sell -1 Feb 5, 2016 (week 1)  $183 put at $1.11

Why did I place this trade?

• SPY down post-FOMC
• high implied volatility
• probability of success:  80%

1/29/2016 (11:25:18 am, PT)

buy back put at $0.18 (take profits)

PROFIT:  $93 (in 2 days)

SUCCESS!

When implied volatility is high, 

SELL PUTS to take advantage of inflated premiums.

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

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

Facebook (FB) Earnings Play

1/27/2016 (12:54:18 pm, PT)  

sell -2 January 29, 2016 (week 5)  $88 puts at $0.66

Why did I place this trade?

• Earnings announcement after market close today
• Expected move:  $4.87
• Probability of success: 81%

1/28/2016 (6:30:22 am, PT)

buy back both puts at $0.01

PROFIT:  $130 (in 1 day)

SUCCESS!

It's EARNINGS SEASON!  

SELL PUTS (and/or calls) to take advantage of inflated premiums.

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

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

SPY Put Options

1/15/2016 (9:23:23 am, PT)  (Friday)

sell  -1 Jan 22, 2016 (week 4)  $177 put at $0.78

probability of success:  85%


1/21/2016 (8:52:43 am, PT)  (Thursday)

buy to close put at $0.05

PROFIT:  $73 (in 4 trading days)

SUCCESS!

High implied volatility = high put premiums

Earn a little extra income by SELLING PUT OPTIONS.

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

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

Spiders (SPY) Jan Put Options

Friday 12/11/2015 (12:16:24 pm, PT)

sold -3 January 2016  $194 puts for $2.95

Why did I place this trade?

• stochastics in oversold condition
• 70% probability of success

Tuesday 12/15/2015 (11:03:43 am, PT)

buy back all 3 puts for $1.55

Why did I close my trade?

• take profits!
• FOMC meeting on 12/16/2015

GROSS PROFIT:  $420 (in 3 trading days!!)

Success!

 

Earn some extra income by SELLING PUT OPTIONS.

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

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

Spiders (SPY) Dec Put Options

11/17/2015 (11:20:11 am, PT)

sold -3 December 2015  $199 puts for $2.06

Why did I place this trade?

• stochastics in oversold region
• probability of success = 70%
• nice premium

11/24/2015 (10:27:07 am, PT)

bought back all 3 puts for $0.84

Why did I place this trade?

• stochastics in overbought region
• take PROFITS!

GROSS PROFIT:  $366 (in 7 calendar days)

Success!

Make a little extra income by SELLING PUT OPTIONS.

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

PAY for private training (details HERE).

Russell 2000 ETF (IWM) Iron Condor

10/1/2015 (12:58:12 pm, PT)  low stoch, high IV

buy +1 Nov 2015  $113 call (30% prob ITM)
sell  -1 Nov 2015  $111 call (39% prob ITM)
sell  -1 Nov 2015  $108 put (48% prob ITM)
buy +1 Nov 2015  $107 put (44% prob ITM)


FACTS:

• net credit received:  $1.25 (or $125)
• the call vertical is $2.00 wide
• the put vertical is $1.00 wide
• zero risk on the down side
• $0.75 (or $75 risk on the up side)
• this trade is more bearish than bullish
• IWM was near $109 on 10/1

11/17/2015 (10:45:51 am, PT) (3 days before expiration)

• buy back the call vertical for $1.76 (debit) to avoid losing the maximum ($75) on exp.
• buy back the short $108 put for $0.04 (debit)
• leave open the long $107 put in case IWM drops A LOT in the next 3 days (anything is possible, right?)

11/20/2015 (expiration)

IWM closed at $116.81

• it's a good thing I bought back the call vertical on 11/17
• the long $107 put expired worthless

TOTAL LOSS:  $55 (instead of $75 if I had held the entire trade until expiration)

COMMENTS:

When I entered the trade on 10/1/2015, I was more bearish than bullish.  
However, I also knew that there's always the probability that IWM could rally back up and go through my call strikes.  That's why I kept the risk under control by doing only 1 contract.

My goal was to buy back the entire iron condor at around $0.60 so I could walk away with a 50% profit.  However, I never had the opportunity because IWM started rising right after I placed my trade.

Looking back, I would say that this was a dumb trade.  I should have sold put options instead because the stochastics were in the oversold region and IV was VERY high.  Lesson learned!

Learn to SELL PUT OPTIONS by watching my videos HERE!

Spiders (SPY) Dec Put Options

11/17/2015 (12:21:26 pm, PT)  FP

sold -5 December 2015  $190 puts for $1.02

Why did I place this trade?

• stochastics in oversold region
• probability of success = 85%

11/18/2015 (1:10:40 pm, PT)

bought back all 5 puts for $0.51

Why did I close my position?

• I made 50% of the maximum profit in ONE DAY
• take profits!

GROSS PROFIT:  $255

Success!

SELL put options for income.

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

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

Tesla (TSLA) Earnings Play

11/3/2015

sold -1 Nov 6, 2015  $170 put at $0.45
sold -1 Nov 6, 2015  $175 put at $0.76

Comments:
I used two different strikes to spread the risk



11/4/2015

TSLA gapped up over $21 post-earnings, so I was able to buy back both puts at $0.02 each


GROSS PROFIT:  $117 in 1 day

Success!

Have some fun around earnings season and SELL PUTS!

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

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

Visa (V) Earnings Play

Friday, 10/30/2015 (12:48:08 pm, PT)

sell -1 Nov 6, 2015  $76 put at $1.07


Tuesday, 11/3/2015 (6:46:53 am, PT)

buy back my put at $1.00

NET PROFIT:  $3.91

Comments:

• Visa reported earnings before the Opening Bell on Monday, 11/2
• Immediately after the earnings release, the stock dropped to an intraday low of $74.53 (not good)
• By the end of Monday, 11/2, my short put was ITM (not good)
• On Monday (11/2) evening, I decided to place a closing order to buy back my put at $1.00 to break even and cover my fees
• Before the Opening Bell the next morning (Tuesday, 11/3), Visa announced that the company was planning to buy Visa Europe for $18.2 billion and the stock shot up
• My closing order at $1.00 filled 16 minutes after the Opening Bell on 11/3
• I could have made a lot more $$$$ if I had left my put option alone
• My trade would have ended perfectly if Visa's CFO had announced the acquisition during the conference call on Monday (11/2) rather than waiting until the next day!!!!