Spiders (SPY) Put Options

Thu. 12/22/2016 (12:32:31 pm, PT)

sell short  −1 Jan 20, 2017  $222 put at $1.39

probability of success:  67%


Thu. 1/5/2017 (10:22:32 am, PT)

buy back put at $0.58

PROFIT:  $81

SUCCESS!

Spiders (SPY) Credit Diagonal

Wed. 12/21/2016 (9:57:26 am, PT)  RD

sell  −2 Jan 25, 2017  $220 puts at $1.05 (credit)
buy  +2 Apr 21, 2017  $130 puts at $0.08 (debit) *

• probability of success:  76%
• 35 days 'til expiration (DTE)
• buying power effect:  ($18,000)

* the long puts are my cheap "wings" to decrease capital requirements


Thu. 1/5/2017 (7:27:53 am, PT) (20 DTE)

• buy back short puts only at $0.48 (debit)
• leave open long puts to be used again for the next set of short puts

NET PROFIT:  $114 (in 2 weeks)

SUCCESS!

SPY ratio put spread

Friday, 11/18/2016 (9:10:40 am, PT) RD

+1  Dec 30, 2016  $218 put at $3.77
-2  Dec 30, 2016  $217 puts at $3.355 (46% prob ITM)

• Net credit received:  $2.94 x 1 x 100 =  $294
• Max profit (potential):  $394
• Breakeven:  $213.06
• 42 days 'til expiration

Wednesday, 11/23/2016 (12:48:01 pm, PT)

sell (to close) long put at $2.44
buy (to close) short puts at $2.13

• Net debit:  $1.82 x 1 x 100 =  $182

TOTAL NET PROFIT:  $102.83 (in 3 trading days)

SUCCESS!

Spiders (SPY) Put Options

Friday, 10/7/2016 (8:00 am, PT)

sold (to open) -10 Oct 14, 2016  $212.50 puts at $0.61


Monday, 10/10/2016 (1:14:50 pm, PT)

bought back all puts at $0.15

PROFIT:  $460 (in ONE trading day!)

SUCCESS!

SPY Put Options

Thu. 9/8/2016 (10:18:02 am, PT)

sell (to open) -10 Sep 16, 2016  $215 puts at $0.54

credit received:  $0.54 ($540)


Fri. 9/16/2016 (8:45:49 am, PT) (expiration)

buy (to close) +10 Sep 16, 2016  $215 puts at $1.83 (debit)
sell (to open) -10 Sep 30, 2016  $214 puts at $2.83 (credit)

new credit received:  $1.00 ($1000)

Comments: 

I "rolled" my Sep 16 short puts to the Sep 30 expiration cycle because:

• my Sep 16 puts were in-the-money on Sep 16 (expiration)
• simply buying back my ITM puts would have resulted in a LOSS of $1290 (I don't like to lose money)
• I wanted to give my options more time
• I wanted to collect another "credit"

Fri. 9/30/2016 (8:04:21 am, PT) (expiration)

buy back Sep 30 puts at $0.05 (debit)

PROFIT:  $1490

SUCCESS!

Comments:

By "rolling" my ITM puts, I was able to come out with a PROFIT in the end.

SPY Put Options

Fri. 9/16/2016 (10:49:42 am, PT)

sell -2  Oct 21, 2016  $207 puts at $2.11

Why did I place this trade?

• stochastics in oversold region
• 69% probability of success

Wed. 10/5/2016 (11:40:53 am, PT)

buy back puts at $0.34

PROFIT:  $354

SUCCESS!

SPY Put Options

Tue 10/4/2016 (11:26 am, PT) FP

sell (to open) -10 Oct 14, 2016  $209.50 puts at $0.61

Why did I place this trade?

• big "down" day
• 80% probability of success
• 10 days 'til expiration (DTE)

Wed. 10/5/2016 (10:50 am, PT)

buy back all puts at $0.25

PROFIT:  $360 (in ONE day!!)

SUCCESS!

SPY Put Options

Wed. 9/28/2016 (8:02:18 am, PT)

sell (to open) -10 Oct 7, 2016  $211 puts at $0.61

Why did I place this trade?

• 78% probability of success
• 9 days 'til expiration

Fri. 9/30/2016 (9:40 am, PT)

buy back all puts at $0.23

PROFIT:  $380 (in TWO days!)

SUCCESS!

SPY Put Options

Wed. 9/14/2016 (12:23:27 pm, PT)

sell (to open) -1 Oct 21, 2016  $208 put at $2.96

Why did I place this trade?

• stochastics in oversold region
• 64% probability of success
• 37 days 'til expiration

Wed. 10/5/2016 (8:45:09 am, PT)

buy back put at $0.44

PROFIT:  $252

SUCCESS!

SPY Put Options

Tue. 8/30/2016 (11:09:25 am, PT)

sell (to open) -1 Oct 5, 2016  $214 put at $2.23

Why did I place this trade?

• stochastics in oversold region
• 63% probability of success
• 36 days 'til expiration

Wed. 10/5/2016 (6:30 am, PT)

buy back put at $0.08 (my preset closing order filled at Opening Bell)

PROFIT:  $215

SUCCESS!

QQQ Put Options

Tue. 8/30/2016 (10:41:54 am, PT)

sell -1 Oct 7, 2016  $115 put at $1.60

Why did I place this trade?

• stochastics in oversold region
• 60% probability of success

Mon. 10/3/2016 (12:46:40 pm, PT)

buy back put at $0.05

PROFIT:  $155

SUCCESS!

Gold (GLD) Put Options

Thu. 8/11/2016 (10:17:35 am, PT)

sold -10 Aug 2016  $127 puts at $0.50

Why did I place this trade?

• stochastics in the middle
• 8 days 'til expiration (DTE)
• 69% probability of success

Fri. 8/19/2016 (6:47:57 am, PT)  Expiration Day

my preset closing order at $0.01 filled 17 minutes after the Opening Bell

PROFIT:  $490 (in one week)

SUCCESS!

Spiders (SPY) Put Options

Wed. 8/17/2016 (11:27:19 am, PT)

sold -10 Aug 26 2016  $214.50 puts at $0.44

credit received:  $440

Why did I place this trade?

• FOMC released its minutes at 11 am
• 9 days 'til expiration (DTE)

Fri. 8/19/2016 (1:02:25 pm, PT)

bought back puts at $.20 (50% of max credit)

PROFIT:  $240 (in 3 days)

SUCCESS!

Whole Foods (WFM) Put Options

Tue. 8/9/2016 (11:17:42 am, PT)

sold -4 Sept 2016  $30 puts at $0.65

Why did I place this trade?

• stochastics in oversold region
• 38 days 'til expiration (DTE)
• 57% probability of success

Tue 8/23/2016 (6:30:27 am, PT)

bought back puts at $0.28

PROFIT:  $148 (in 2 weeks)

SUCCESS!

Wal-Mart Pre-earnings Play

Mon. 8/15/2016 (11:17:34 am, PT)

sold -1 Aug 2016  $72 put at $0.99

credit received:  $99

Why did I place this trade?

• stochastics near the middle but dropping
• down day
• earnings announcement on 8/18 (before market open)
• 4 days 'til expiration (DTE)

Thur. 8/18/2016 (6:30:15 am, PT)

my preset closing order at $0.05 filled at the Opening Bell (earnings were released at 4 am, PT)

PROFIT:  $94  (in 3 days)

SUCCESS!

Whole Foods (WFM) Put Options

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!

Industrials ETF (XLI) Put Options

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!

Disney (DIS) Earnings Play

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!

Gold (GLD) Calls

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!

Gold (GLD) Put Options

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!