sell short -10 March 17, 2017 $220 puts at $1.04
probability of success: 80%
Thu. 2/9/2017 (11:39:12 am, PT)
buy back puts at $0.71
PROFIT: $330
SUCCESS!
Thursday, February 9, 2017
Spiders (SPY) Put Options
Tue. 2/7/2017 (11:32:59 am, PT) FP
sell short -10 March 17, 2017 $220 puts at $1.04
probability of success: 80%
Thu. 2/9/2017 (11:39:12 am, PT)
buy back puts at $0.71
PROFIT: $330
sell short -10 March 17, 2017 $220 puts at $1.04
probability of success: 80%
Thu. 2/9/2017 (11:39:12 am, PT)
buy back puts at $0.71
PROFIT: $330
Spiders (SPY) Put Options
Mon. 2/6/2017 (11:32:03 am, PT) FP
sell short -10 March 24, 2017 $220 puts at $1.33
probability of success: 77.36%
Thu. 2/9/2017 (11:39:46)
buy back puts at $0.91
PROFIT: $420
sell short -10 March 24, 2017 $220 puts at $1.33
probability of success: 77.36%
Thu. 2/9/2017 (11:39:46)
buy back puts at $0.91
PROFIT: $420
SUCCESS!
Friday, February 3, 2017
Spiders (SPY) Put Options
Thu. 1/26/2017 (9:44:05 am, PT)
sell short − 10 Feb 17, 2017 $225.50 puts at $0.89
Fri. 2/3/2017 (11:48:45 am, PT)
buy to close puts at $0.47
PROFIT: $420 (in ONE week)
sell short − 10 Feb 17, 2017 $225.50 puts at $0.89
- credit received: $890
- probability of success: 73.18%
Fri. 2/3/2017 (11:48:45 am, PT)
buy to close puts at $0.47
PROFIT: $420 (in ONE week)
SUCCESS!
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
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
Fri. 2/3/2017 (11:48:45 am, PT)
buy to close puts at $0.15
PROFIT: $400
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
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!
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!
Wednesday, January 25, 2017
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:
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)
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!
Tuesday, January 24, 2017
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:
Tue. 1/24/2017 (9:13:52 am, PT)
buy back puts at $0.68 (50% of max)
PROFIT: $308 (in 2 weeks) 😀
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!
Wednesday, January 11, 2017
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
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.
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!
Tuesday, January 10, 2017
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
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
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
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
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!
Friday, January 6, 2017
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)
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
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!
Thursday, January 5, 2017
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
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
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
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!
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