sell short −1 Jan 27, 2017 $222 put at $1.84
probability of success: 62.52%
Fri. 1/5/2017 (11:14:05 am, PT)
buy back put at $0.88
PROFIT: $96
SUCCESS!
Thursday, January 5, 2017
Spiders (SPY) Put Options
Wed. 12/28/2016 (9:54:45 am, PT)
sell short −1 Jan 27, 2017 $222 put at $1.84
probability of success: 62.52%
Fri. 1/5/2017 (11:14:05 am, PT)
buy back put at $0.88
PROFIT: $96
sell short −1 Jan 27, 2017 $222 put at $1.84
probability of success: 62.52%
Fri. 1/5/2017 (11:14:05 am, PT)
buy back put at $0.88
PROFIT: $96
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
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) *
Thu. 1/5/2017 (7:27:53 am, PT) (20 DTE)
NET PROFIT: $114 (in 2 weeks)
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)
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!
Wednesday, November 23, 2016
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)
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
TOTAL NET PROFIT: $102.83 (in 3 trading days)
+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!
Monday, October 10, 2016
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!)
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!
Wednesday, October 5, 2016
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:
Fri. 9/30/2016 (8:04:21 am, PT) (expiration)
buy back Sep 30 puts at $0.05 (debit)
PROFIT: $1490
Comments:
By "rolling" my ITM puts, I was able to come out with a PROFIT in the end.
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?
Wed. 10/5/2016 (11:40:53 am, PT)
buy back puts at $0.34
PROFIT: $354
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?
Wed. 10/5/2016 (10:50 am, PT)
buy back all puts at $0.25
PROFIT: $360 (in ONE day!!)
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?
Fri. 9/30/2016 (9:40 am, PT)
buy back all puts at $0.23
PROFIT: $380 (in TWO days!)
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?
Wed. 10/5/2016 (8:45:09 am, PT)
buy back put at $0.44
PROFIT: $252
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?
Wed. 10/5/2016 (6:30 am, PT)
buy back put at $0.08 (my preset closing order filled at Opening Bell)
PROFIT: $215
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!
Monday, October 3, 2016
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?
Mon. 10/3/2016 (12:46:40 pm, PT)
buy back put at $0.05
PROFIT: $155
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!
Wednesday, August 24, 2016
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?
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)
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?
Fri. 8/19/2016 (1:02:25 pm, PT)
bought back puts at $.20 (50% of max credit)
PROFIT: $240 (in 3 days)
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?
Tue 8/23/2016 (6:30:27 am, PT)
bought back puts at $0.28
PROFIT: $148 (in 2 weeks)
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?
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)
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?
Wednesday, 8/24/2016 (9:20:08 am, PT)
bought back puts at $0.26
PROFIT: $53
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!
Thursday, August 11, 2016
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?
Thu. 8/11/2016 (10:31:44 am, PT)
bought back put at $0.44 (50% of max profit)
PROFIT: $50 (in one week)
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!
Wednesday, August 10, 2016
Disney (DIS) Earnings Play
Tue. 8/9/2016 (12:58:51 pm, PT)
sold -1 Aug 12, 2016 $96 put at $1.37
Comments:
Wed. 8/10/2016 (10:47:11 am, PT)
bought back put at $0.05
PROFIT: $132 (in ONE DAY!)
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!
Tuesday, August 9, 2016
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?
Tue. 8/9/2016 (9:50:50 am, PT)
bought back calls at $0.47
PROFIT: $570 (in 6 days!)
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!
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