SPX put option

Fri. 4/7/2017 (12:38:03 pm, PT) FP

sold -1 May 12, 2017  2235 put at $8.50

• credit received:  $850
• probability of success:  85.16%

Mon. 4/24/2017 (6:52:27 am, PT)

buy back put at $2.35

PROFIT:  $615

SUCCESS! 

SPX put option

Wed. 4/5/2017 (11:35 am, PT) FP

sold -1  May 12, 2017  2240 put at $6.10

• credit received:  $610
• probability of success:  88%

Mon. 4/24/2017 (6:52:45 am, PT)

buy back put at $2.50 (debit)

PROFIT:  $360 

SUCCESS!

Spiders (SPY) Put Options

Thu. 2/23/2017 (10:35:44 am, PT)

sell short -10 March 17, 2017  $230 puts at $0.85

probability of success:  79%


Wed. 3/1/2017 (11:05:11 am, PT)

buy back puts at $0.30

PROFIT:  $550

SUCCESS!

Comment: President Donald Trump gave speech to Congress the previous evening

SPX Index Put Options

Fri. 2/24/2017 (9:59:18 am, PT)

sell short -1 April 7, 2017  2260 put at $9.80

Comments:

• probability of success: 82.30%
• credit received:  $980

Wed. 3/1/2017 (9:04:14 am, PT)

buy back put at $5.40

PROFIT:  $440

SUCCESS!

Comments:

• President Donald Trump gave speech to Congress the previous evening

SPX Index Put Options

Thu. 2/23/2017 (12:57:08 pm, PT)  FP

sell short -1 April 7, 2017  2260 put at $9.80

Comments:

• credit received:  $980
• probability of success:  82%

Wed. 3/1/2017 (8:06:23 am, PT)

buy back put at $5.80

PROFIT:  $400

Comment:

• President Donald Trump gave his speech to Congress the previous evening

SUCCESS!

Spiders (SPY) Put Options

Wed. 2/22/2017 (1:06:20 pm, PT) RD

sell short -10 March 31, 2017  $228 puts at $1.03

Comments:

• probability of success:  80%
• FOMC minutes released at 11 am, 2/22/2017

Wed. 3/1/2017 (7:51:35 am, PT)

buy back puts at $0.59

Comments:

• President Donald Trump gave speech to Congress the previous night

PROFIT:  $440

SUCCESS!

Spiders (SPY) Put Options

Wed. 2/22/2017 (11:18:29 am, PT)

sell short -10 March 10, 2017  $233.50 puts at $0.84

probability of success:  71%


Wed. 3/1/2017 (6:30:09 am, PT)

buy back puts at $0.26

PROFIT:  $580

SUCCESS!

Comment:  President Donald Trump gave speech to Congress the previous evening

Spiders (SPY) Put Options

Wed. 2/15/2017 (9:12:16 am, PT) FP

sell short -10 March 31, 2017  $225 puts at $1.03

probability of success:  80%


Wed. 2/22/2017 (10:51:30 am, PT)

buy back puts at $0.70

PROFIT:  $330

SUCCESS!

Spiders (SPY) Put Options

Thu. 2/16/2017 (10:39:09 am, PT) FP

sell short -10 March 31, 2017  $223 puts at $0.91

probability of success:  83.50%


Wed. 2/22/2017 (10:51:52 am, PT)

buy back puts at $0.57

PROFITS:  $340

SUCCESS!

Spiders (SPY) Put Options

Fri. 2/17/2017 (8:53:09 am, PT) FP

sell short -10 March 24, 2017  $226 puts at $0.96

probability of success:  80%


Wed. 2/22/2017 (10:39:29 am, PT)

buy back puts at $0.58

PROFIT:  $380

SUCCESS!

Spiders (SPY) Put Options

Mon. 2/13/2017 (9:01:59 am, PT) RD

sell short -10 March 17, 2017  $226 puts at $1.09

probability of success:  77%


Tue. 2/14/2017 (9:57:30 am, PT)

buy back puts at $0.86

PROFIT:  $230

SUCCESS!

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

SUCCESS!

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

SUCCESS!

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

• 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

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!