Spiders (SPY) Mar debit put spread

2/19/2016 (12:38:30 pm, PT)

buy +1 March 2016  $187 put at $2.58
sell -1 March 2016  $186 put at $2.31

net debit:  $27 (max risk)
potential profit:  $73 (max)


Why did I place this trade?

• stochastics in overbought region
• I was bearish but I didn't want to risk too much money in case I'm wrong
• trying my luck with a small debit trade

3/18/2016 (expiration)

SPY closed at $204.38, so my entire debit spread expired worthless  

TOTAL LOSS:  $27

COMMENTS:

• Even though SPY was in the "overbought" region on 2/19/2016, there's no guarantee that it would reverse and go back down.
• OTM debit trades are risky and have a low probability of success.
• I was just having some "fun" and decided to try my luck on this "casino play."
• I was only risking $27 which is manageable.

QQQ Put Options

1/12/2016 (10:48:51 am, PT)

sell -1 Feb 2016  $105 put at $3.11

Why did I place this trade?

• stochastics in oversold region
• high implied volatility
• 47% probability of success (almost 50/50)

Comments:

• This put option was $0.16 in-the-money at the time.  
• I don't normally sell puts that are ITM, but I was just having some fun plus I knew I could fix the trade if it went against me.

2/12/2016 (10:06:10 am, PT)  [roll]

buy to close 1 Feb 2016  $105 put at $7.55
sell to open 1 Mar 2016  $105 put at $8.34

Net credit for roll:  $0.79

Comments:

• I decided to roll on 2/12 because my put was ITM with only $0.11 of extrinsic value remaining.
• On exp. Friday (2/19), QQQ closed at $101.63.

3/11/2016 (7:21:44 am, PT)
buy back March $105 put at $0.97

Comments:

• My put was finally OTM again with 5 trading days left, so I decided to close my position and take profits.

GROSS PROFIT:  $294 (in 2 months)

SUCCESS!

Spiders (SPY) Ratio Put Spread

2/4/2016 (11:10:51 am, PT)  FP

buy +1 March 2016  $181 put at $2.78
sell -2 March 2016  $180 puts at $2.55

Analysis:

• Net credit received:  $2.32 x 1 x 100 =  $232
• Theoretical max profit:  ($2.32 + $1.00) x 1 x 100 =  $332
• Stochastics in overbought region

2/11/2016 (11:28:05 am, PT)

sell (close) 1 March 2016  $181 put at $6.32
(stochastics in oversold region)


3/10/2016 (6:30:03 am, PT)

buy back remaining 2 short puts at $0.05

GROSS PROFIT:  $854  (GREAT trade!!)

COMMENTS:

• My actual gross profit of $854 is much higher than the theoretical max profit because I "broke apart" my ratio spread and sold (close) my long put on 2/11/2016 when SPY was at the bottom. 
• Once I sold (close) my long put, I ended up with an extra "naked" put.

SUCCESS!

Spiders (SPY) March Puts

2/10/2016 (12:36:38 pm, PT)

sold -1 March 2016  $177 put at $3.11

Why did I place this trade?

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

3/8/2016 (11:14:52 am, PT)

buy back my put at $0.05 to remove the risk and take profits

PROFIT:  $306

SUCCESS!

Gold (GLD) Call Options

2/17/2016 (11:45:46 am, PT)

sell (open) -10 Feb 26, 2016 (week 4)  $119.50 calls at $0.52

Why did I place this trade?

• stochastics in "overbought" region
• 80% probability of success

2/26/2016 (7:53:12 am, PT)  (Expiration Friday)

buy back all 10 calls at $0.01

Why did I place this trade?

• to remove the risk of assignment
• to protect my profits

PROFIT:  $510 (in 10 days)

SUCCESS!

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).