Spiders (SPY) Put Options

Wed. 2/1/2017 (10:28:01 am, PT) FP

sell short -10 March 17, 2017  $217 puts at $1.11

probability of success:  81%


Fri. 2/3/2017 (10:21:28 am, PT)

buy back puts at $0.76

PROFIT:  $350

SUCCESS!

Spiders (SPY) Put Options

Wed. 1/25/2017 (7:53:20 am, PT)

sell short  − 10 Feb 10, 2017  $225 puts at $0.55

• credit received:  $550
• probability of success:  80%

Fri. 2/3/2017 (11:48:45 am, PT)

buy to close puts at $0.15

PROFIT:  $400

SUCCESS!

Spiders (SPY) Put Options

Wed. 2/1/2017 (10:10:47 am, PT)

sell short  −10 Feb 3, 2017  $226.50 puts at $0.36

• credit received:  $360
• probability of success: 70%

Fri. 2/3/2017 (8:12:16 am, PT)  ←  Expiration Friday

buy back puts at $0.01

Comment:  Even though my put options were $3 out-of-the-money on Expiration Friday, I decided to go ahead and spend 1 cent ($10 for 10 contracts) to buy back my puts to avoid any last-minute disasters.

PROFIT:  $350 in 2 days!

SUCCESS!

Spiders (SPY) Credit Diagonal Spread

Wed. 1/18/2017 (10:24:47 am, PT)

sell short −2 Feb 17, 2017  $220 puts at $1.08

Comments:

• credit (cash) received:  $216
• probability of success:  77%
• 2 long wings (to reduce capital requirements):  April 21, 2017  $140 puts
• buying power effect: ($16,000)

Wed. 1/25/2017 (6:30:03 am, PT)

buy back both puts at $0.42 (50% of max)

PROFIT:  $132  (in one week)
Return on capital:  0.80% in one week  😀
(that's 41.60% annualized)

SUCCESS!

Spiders (SPY) Credit Diagonal Spread

Mon. 1/9/2017 (9:13:40 am, PT)

sell short  −4 Feb 10, 2017  $223 puts at $1.45

Comments:

• credit (cash) received:  $580
• long wings:  +4 Apr 21, 2017  $140 puts (to reduce capital requirements)
• buying power effect:  ($33,200)

Tue. 1/24/2017 (9:13:52 am, PT)

buy back puts at $0.68 (50% of max)

PROFIT:  $308 (in 2 weeks)  😀

SUCCESS!

Spiders (SPY) Put Options

Mon. 1/9/2017 (9:16:07 am, PT)

sell short  −10 Jan 20, 2017  $224 puts at $0.55

probability of success:  70%


Wed. 1/11/2017 (12:57:31 pm, PT)

buy back puts at $0.35

PROFIT:  $200

SUCCESS!

Russell 2000 ETF (IWM) Put Options

Thu. 1/5/2017 (10:44:59 am, PT)

sell short  −2 Feb 17, 2017  $134 puts at $2.38

probability of success:  58.48% 

Comment:
These short puts are almost at-the-money, so it's important to close them as soon as I have a nice profit (this is, of course, subjective).


Wed. 1/11/2017 (12:52:18 pm, PT)

buy back puts at $1.84

PROFIT:  $108

Comment:
On 1/19/2017, these short puts went in-the-money and it would have cost $2.62 to buy them back.

SUCCESS!

SPDR Industrials ETF (XLI) Put Options

Thu. 12/29/2016 (11:02:19 am, PT)

sell short  −2 Feb 17. 2017  $62 puts at $1.10

probability of success:  53.51%


Tue. 1/10/2017 (8:40:02 am, PT)

buy back puts at $0.68

PROFIT:  $84

SUCCESS!

Spiders (SPY) Put Options

Wed. 1/4/2017 (10:04:42 am, PT)  RD

sell short －10 Jan 27, 2017  $222 puts at $1.02

probability of success:  74%


Tue. 1/10/2017 (7:47 am, PT)

buy back puts at $0.55

PROFIT:  $470

SUCCESS!

SPDR Retail ETF (XRT) Put Options

Fri. 12/23/2016 (9:20:24 am, PT)

sell short  − 2 Jan 20, 2017  $44 puts at $0.76

probability of success:  58%


Tue. 1/10/2017 (8:43:03 am, PT)

buy back puts at $0.42

PROFIT:  $68

SUCCESS!

Spiders (SPY) Put Options

Wed. 1/4/2017 (10:02:58 am, PT)  RD

sell short －10 Jan 27, 2017  $219.50 puts at $0.66

probability of success:  82%


Tue. 1/10/2017 (7:46:50 am, PT)

buy back puts at $0.32 (50% of max)

PROFIT:  $340

SUCCESS!

Spiders (SPY) Credit Diagonal

Fri. 12/23/2016 (10:02:30 am, PT)

sell short  −4 Jan 27, 2017  $222 puts at $1.69
buy long  +4 April 21, 2017  $140 puts at $0.07 (cheap "wings")

probability of success:  65%
buying power effect:  ($32,800)


Fri. 1/6/2017 (6:30:10 am, PT)

buy back only the short puts at $0.75
leave open the long puts so I can use them again for the next set of short puts

PROFIT:  $376 (in 2 weeks)

SUCCESS!

Spiders (SPY) Put Options

Wed. 12/21/2016 (10:30:57 am, PT)  RD

sell short −2 Jan 25, 2017  $222 puts at $1.42

probability of success:  69%


Fri. 1/6/2017 (6:30:02 am, PT)

buy back puts at $0.65

PROFIT:  $154

SUCCESS!

Spiders (SPY) Put Options

Fri. 12/16/2016 (11:45:42 am, PT)

sell short  −2 Jan 20, 2017  $222 puts at $1.81


Thu. 1/5/2017 (10:19:11 am, PT)

buy back puts at $0.58

PROFIT:  $246

SUCCESS!

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

SUCCESS!

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.