Friday, 8/5/2016 (11:05:12 am, PT) RD
sold -1 Sept 2016 $30 put at $0.79
credit received: $79
Why did I place this trade?
- stochastics in oversold region
- 42 days 'til expiration (DTE)
- 54% probability of success
Wednesday, 8/24/2016 (9:20:08 am, PT)
bought back puts at $0.26
PROFIT: $53
SUCCESS!
Wed. 8/3/2016 (10:16:25 am, PT) RD
sold -1 Sept 2016 $57 put at $0.94
Why did I place this trade?
- stochastics in oversold region
- 57% probability of success
- 44 days 'til expiration
Thu. 8/11/2016 (10:31:44 am, PT)
bought back put at $0.44 (50% of max profit)
PROFIT: $50 (in one week)
SUCCESS!
Tue. 8/9/2016 (12:58:51 pm, PT)
sold -1 Aug 12, 2016 $96 put at $1.37
Comments:
- This was an "earnings play"
- I don't mind owning DIS stock, so my short put was almost at-the-money
Wed. 8/10/2016 (10:47:11 am, PT)
bought back put at $0.05
PROFIT: $132 (in ONE DAY!)
SUCCESS!
Wed. 8/3/2016 (12:48:22 pm, PT) FP
sold -10 Sept 2016 $135 calls at $1.04
Why did I place this trade?
- stochastics in overbought region (SEE CHART)
- 77% probability of success
- 44 days 'til expiration (DTE)
Tue. 8/9/2016 (9:50:50 am, PT)
bought back calls at $0.47
PROFIT: $570 (in 6 days!)
SUCCESS!
Thu. 7/21/2016 (8:57:37 am, PT) FP
sold -5 Aug 2016 $124 puts at $1.11
Why did I place this trade?
- stochastics in oversold region
- 79% probability of success
Fri. 7/29/2016 (9:08:53 am, PT)
buy back all puts at $0.31
NET PROFIT: $384.74 (in 1 week)
Success!
Thursday, 7/28/2016 (9:37:05 am, PT) RD
sell (to open) -2 Sept 2016 $64 puts at $1.23
Why did I place this trade?
- stochastics in oversold region
- 65% probability of success
Friday, 7/29/2016 (12:11:17 pm, PT)
buy back both puts at $0.92
Why did I close my position?
- take profits
- I changed my mind about the trade
NET PROFIT: $55.89 (in ONE DAY)
Success!
Wed. 7/20/2016 (11:58:07 am, PT) RD
sell to open -3 Aug 2016 $123 puts at $1.14667 (31% prob ITM)
buy to open +1 Aug 2016 $120 put at $0.48
- net credit received: $2.96 (or $296)
Why did I place this trade?
- stochastics in oversold region
- 69% probability of success
- long put is "insurance"
Fri. 7/29/2016 (12:04:39 pm, PT)
buy to close the 3 short puts at $0.18
sell to close the 1 long put at $0.06
- net debit spent: $0.48 (or $48)
PROFIT: $248 (in 9 days)
Success!
Fri. 7/22/2016 (9:26:45 am, PT) FP
sold -2 Aug 2016 $123 puts at $1.08
Why did I place this trade?
- stochastics in oversold region
- 70% probability of success
Fri. 7/29/2016 (11:26:55 am, PT)
buy back all puts at $0.19
NET PROFIT: $171.89 (in 1 week)
Success!
Friday, 7/22/2016 (11:14:55 am, PT) RD
sold -1 Aug 2016 $123 put at $1.03
Why did I place this trade?
- stochastics in oversold region
- 71% probability of success
Friday, 7/29/2016 (8:58:14 am, PT)
buy back put at $0.23
NET PROFIT: $76.93 (in 1 week)
Success!
Thu. 7/28/2016 (12:47:53 pm, PT)
sold -1 July 29, 2016 $110 put at $1.20
Why did I place this trade?
- earnings announcement at 1 pm (PT)
- "expected move" = up or down $8.82 (EXPE closed at $119.27 right before the earnings announcement)
Fri. 7/29/2016 (10:43:19 am, PT) (expiration)
bought back put at $0.02 to remove the risk
NET PROFIT: $116.44 (in ONE DAY)
Success!
Thursday, 7/28/2016 (10:11:04 am, PT) FP
sold -5 Aug 2016 $123.50 puts at $0.56
Why did I place this trade?
- stochastics in oversold region
- 79% probability of success
Friday, 7/29/2016 (9:09:47 am, PT)
buy back all puts at $0.26
NET PROFIT: $134.75 (in ONE day)
Success!
Thursday, 7/21/2016 (11:27:41 am, PT)
sell to open -10 July 29, 2016 $123.50 puts at $0.28
Why did I place this trade?
- stochastics in oversold region
- 84% probability of success (high)
- 8 days 'til expiration
- weekly income
Thursday, 7/28/2016 (10:48:42 am, PT)
buy to close all 10 puts at $0.01
PROFIT: $270 (in 7 days)
Success!
Tuesday, 7/5/2016 (10:12:40 am, PT) RD
For my friend ....
sell -3 August 2016 $201 puts at $2.11 (30% prob ITM)
buy +1 August 2016 $199 put at $1.77
credit received: $4.56 x 1 x 100 = $456.00
Why did I place this trade?
- stochastics in overbought region
- 7/5/2016 was a "down" day
- 45 days 'til expiration
- high probability of success
Friday, 7/8/2016 (10:34:12 am, PT)
bought back entire spread for $2.16 (debit)
PROFIT: $240 (in FOUR days!)
SUCCESS!
6/15/2016 (12:37:42 pm, PT) FP
For my friend's mother ...
sold -8 July 2016 $194 puts at $1.01
Why did I place this trade?
- stochastics in oversold region
- FOMC announcement at 11 am (SPY rose initially, then dropped)
- 85% probability of success
6/29/2016 (9:31:15 am, PT)
buy back all 8 puts at $0.27
NET PROFIT: $567.60
SUCCESS!
6/15/2016 (12:07:04 pm, PT) RD
For my friend ...
sold -7 July 2016 $197 puts at $1.29
Why did I place this trade?
- stochastics in oversold region
- FOMC announcement at 11 am (SPY rose initially, then dropped)
- 80% probability of success
6/29/2016 (9:32:37 am, PT)
buy back all 7 puts at $0.47
NET PROFIT: $552.64
SUCCESS!
6/15/2016 (11:39:04 am, PT) FP
For my friend's mother ....
sold -10 August 2016 $180 puts at $1.05
Why did I place this trade?
- stochastics in oversold region
- FOMC announcement at 11 am (SPY initially rose, then dropped)
- 89% probability of success
6/29/2016 (9:08:53 am, PT)
buy back all 10 puts at $0.50
NET PROFIT: $519.46 (in 2 weeks)
SUCCESS!
6/15/2016 (12:43:30 pm, PT) RD
For my friend ...
sold -4 July 2016 $201 puts at $2.08
Why did I place this trade?
- stochastics in oversold region
- FOMC announcement at 11 am (SPY rose initially, then dropped)
- 70% probability of success
6/29/2016 (9:30:40 am, PT)
bought back all 4 puts at $0.95
NET PROFIT: $439.78
SUCCESS!
6/15/2016 (12:02:05 pm, PT) RD
For my friend .....
sold -4 July 2016 $202 puts at $2.12
Why did I place this trade?
- stochastics in oversold region
- FOMC announcement at 11 am (SPY rose initially, then dropped)
- 70% probability of success
6/29/2016 (9:31:51 am, PT)
buy back all 4 puts at $1.15
Why did I close this trade?
NET PROFIT: $375.77
SUCCESS!
Friday, 6/24/2016 (12:58:23 pm, PT)
sold -10 June 30, 2016 $129 calls at $0.91
Why did I place this trade?
- "BREXIT" results were announced in the middle of the night and gold jumped 5%
- when GLD rises, its implied volatility also rises which results in very attractive call premiums
- 73% probability of success
- stochastics in overbought region
Tuesday, 6/28/2016 (10:53:58 am, PT)
bought back all 10 calls at $0.19
Why did I place this trade?
- GLD dropped today (6/28)
- when GLD drops, its implied volatility also drops which results in cheaper call premiums
- TAKE PROFITS
Comments:
It's VERY tempting to hold my position for TWO more days in order to keep the max credit of $910, but it's good practice to always TAKE YOUR PROFITS
PROFIT: $720 (in 3 trading days)
SUCCESS!
Friday, 6/24/2016 (7:16:24 am, PT)
sold (to open) -10 June 24, 2016 $126.50 calls at $0.22
Why did I place this trade?
- GLD shot up over 5% this morning after the "BREXIT" results were announced in the middle of the night (i.e., after 11:59 pm of Thursday, June 23)
- when GLD shoots up like this, its "implied volatility" (IV) also goes up
- a higher IV means higher call premiums (OPPORTUNITY to make some quick $$$)
- 76% probability of success
Comments:
- GLD was extremely "choppy" all day long on 6/24, so my call's premium remained high throughout the day (even though it was expiration Friday)
- GLD hovered below my strike price of $126.50 all day long (good thing!)
- I placed a limit order to buy back my short calls at $0.01 and waited and waited ....
- at 12:58 pm (with 2 minutes left), the bid was $0.01 and the ask was $0.07 even though my short calls were OTM (those darn market makers!)
- at 1:00 pm (closing bell), the ask was still at $0.05, so my limit order never filled! I couldn't believe it!
- GLD closed at $126, so my short calls expired "worthless"
PROFIT: $220 (in 6 hours)
SUCCESS!
