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Monday, February 8, 2021

Options trades: SPY Near-term (30 DTE) short put options vs SPY LEAPS short put options | The results will amaze you!

If you've ever looked closely at a SPY options chain, you probably noticed that there are LOTS of expiration dates.  Some options expire within just a few days while other options expire several weeks or several months later.

Some SPY options even have expiration dates that are over one year away.  These options are called LEAPS.

Many options traders have asked me if it's "better" to trade options that have near-term expirations or options that have far-term expirations (LEAPS).

In this 4-part series, I compared the performance of a near-term short put versus a LEAPS short put.

CLICK HERE to watch all four videos.


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Thursday, February 4, 2021

Options trade: Bullish put trade on Walmart | credit put spread

 Tue. 12/29/2020

sell (to open) -2 Feb 5, 2021  $135 puts at $1.15 (prob ITM: 20.53%)

buy (to open) +2 Feb 5, 2021  $129 puts at $0.51 (prob ITM: 10.23%)

  • Net credit: $0.64 x 2 x 100 = $128
  • Max profit:  $128
  • Margin: $873
  • "oversold"
  • 37 DTE


Thu. 2/4/2021

buy back just one of the short puts at $0.01

let the other short put and the two long puts expire "worthless"

NET PROFIT:  $124.33 (ROC: 14% in 37 days)

Learn to trade options.

FREE options lessons here!


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Wednesday, February 3, 2021

Options trade: bullish put trade on Communications ETF (XLC)

Thu. 1/14/2021

sell (to open) -1 Feb 19, 2021  $62 put at $1.06

  • "oversold"
  • 36 DTE
  • probability ITM: 31.19%


Wed. 2/3/2021

buy back short put at $0.10

  • "overbought"
  • 16 DTE

NET PROFIT:  $94.68

Learn to trade options.

FREE lessons here!



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Tuesday, January 12, 2021

Options trade: bullish put trade on Biotech ETF (XBI)

Tue. 1/5/2021

sell (to open) -1 Feb 12, 2021  $125 put at $1.99 (prob ITM: 21.56%)
buy (to open) +1 Feb 12, 2021  $85 put at $0.14 (prob ITM: 2.18%)

  • Net credit (max profit): $1.85 x 1 x 100 = $185
  • "oversold"
  • 38 DTE


Tue. 1/12/2021 

buy (to close) the $125 short put at $0.70

let long put expire

NET PROFIT:  $113.02 (7 days)

Learn to trade options.

FREE lessons here!


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Wednesday, November 25, 2020

Options trade: How to sell put options | MGM (MGM)

Thu. 11/19/2020 (11:13:15 am, PT)

sell (to open) -1 Nov 27, 2020  $27.50 put at $1.00 (credit)

Stats:

  • probability ITM:  59.43%
  • stochastics "overbought"
  • 8 days 'til expiration (DTE)


Tue. 11/24/2020 (11:36:39 am, PT)

buy (to close) put at $0.18 (debit)

Stats:

  • stochastics "overbought"
  • 3 DTE


NET PROFIT:  $80.68

SUCCESS!

Learn to trade options by watching my FREE videos here!


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Tuesday, November 24, 2020

Options trade: How to sell put options | Consumer Staples ETF (XLP)

Thu. 10/29/2020 (12:51:15 pm, PT)

sell (to open) -1 Dec 4, 2020  $60.50 put at $1.07 (credit)

Stats:

  • probability ITM: 34.85%
  • "oversold" stochastics
  • 36 days 'til expiration (DTE)


Mon. 11/23/2020 (1:04:51 pm, PT)

buy (to close) +1 short put at $0.02 (debit)

Stats:

  • 11 DTE
  • "overbought" stochastics

NET PROFIT:  $104.33

SUCCESS!

Learn to trade options by watching my FREE videos here!


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Saturday, November 21, 2020

Options trade: How to sell put options | Coca Cola (KO)

Wed. 10/28/2020 (12:44:12 pm, PT)

sell (to open) -2 Nov 20, 2020  $47 puts at $1.05 (credit)

Stats:

  • probability ITM:  41.20%
  • stochastics "oversold"
  • 23 days 'til expiration (DTE)


Fri. 11/20/2020 (Expiration)

KO closed at $52.67
Let puts expire

NET PROFIT:  $208.67


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Options trade: How to sell put options | Junk Bond ETF (JNK)

Wed. 10/28/2020 (11:38:50 am, PT)

sell (to open) -1 Nov 20, 2020  $102 put at $1.20 (credit)

Stats:

  • probability ITM:  38%
  • "oversold" stochastics
  • 23 days 'til expiration (DTE)


Fri. 11/20/2020 (Expiration)

JNK closed at $107.10

Let short put option expire

NET PROFIT:  $119.34



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Thursday, November 19, 2020

Options trade: How to sell put options | MGM (MGM)

Mon. 11/16/2020 (12:56:10 pm, PT)

sell (to open) -1 Nov 20, 2020  $27 put at $1.06

Stats:

  • probability ITM:  66.40%
  • MGM at:  $26.40
  • stochastics "overbought"
  • 4 days 'til expiration (DTE)


Wed. 11/18/2020 (10:52:23 am, PT)

buy (to close) short put at $0.23

Stats:

  • MGM at $27.60
  • stochastics "overbought"
  • 2 DTE

NET PROFIT:  $81.68


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Saturday, November 14, 2020

Options trade: How to sell put options | Coca Cola (KO)

Tue. 11/10/2020 (10:30:40 am, PT)

sell (to open) -1 Nov 13, 2020  $54.50 put at $1.11 (option's ITM)

Stats:

  • KO at $53.595
  • probability ITM:  75.99% (high!)
  • stochastics "overbought"
  • 3 days 'til expiration 

Fri. 11/13/2020 (12:40:05 pm, PT)  ← Expiration

buy (to close) put at $1.11

NET LOSS:  $1.32  😞

Learn to trade options by watching my FREE videos here!


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Wednesday, July 29, 2020

Options trade: How to sell put options | Carnival (CCL)

Mon. 7/13/2020 (12:49:06 pm, PT)

sell (to open) -1 August 21, 2020  $15 put at $2.00

Stats:

  • probability ITM:  54% ("at-the-money")
  • stochastics "oversold"
  • 39 days 'til expiration (DTE)


Tue. 7/28/2020 (10:53:37 am, PT)

buy (to close) put at $1.65

NET PROFIT:  $33.66


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Tuesday, July 21, 2020

Options trade: How to sell put options | Coca Cola (KO)

Thu. 7/9/2020 (12:02:06 pm, PT)

sell (to open) -2 August 21, 2020  $40 puts at $0.53

Stats:

  • probability ITM:  22%
  • stochastics "oversold"
  • 43 days 'til expiration (DTE)
  • earnings release on July 21, 2020 before Market Open


Mon. 7/20/2020 (11:51:44 pm, PT)

buy (to close) put at $0.16

Stats:

  • stochastics "overbought"
  • 32 DTE
  • earnings release on July 21 (the next morning)

NET PROFIT:  $71.34


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Monday, July 20, 2020

Options trade: How to sell put options | Coca Cola (KO)

Tue. 6/16/2020 (12:13:09 pm, PT)

sell (to open) -2 July 24, 2020 $43 puts at $0.65

Stats:

  • probability ITM:  26%
  • stochastics "oversold"
  • 38 days 'til expiration (DTE)


Mon. 7/20/2020 (11:32:10 am, PT)

buy (to close) puts at $0.10

Stats:

  • stochastics "overbought"
  • 4 DTE
  • earnings release on July 21 a.m.

NET PROFIT:  $107.34




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Friday, July 17, 2020

Options trade: How to sell put options | Coca Cola (KO)

Wed. 6/24/2020

sell (to open) -1 July 17, 2020  $42 put at $0.50

Stats:
  • probability ITM:  25%
  • stochastics "oversold"
  • 23 days 'til expiration (DTE)


Fri. 7/17/2020 (Expiration)

KO at $46.82
Let short put option expire

NET PROFIT:  $49.33

Learn to trade options.

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Options trade: How to sell put options | MGM (MGM)

Tue. 6/23/2020 (12:21:44 pm, PT)

sell (to open) -2 July 17, 2020  $15 puts at $0.38

Stats:

  • probability ITM:  21.44%
  • stochastics "overbought"
  • 24 days 'til expiration (DTE)


Fri. 7/17/2020 (6:55:04 pm, PT) 🠔  Expiration

buy back puts at $0.01

NET PROFIT:  $72.64


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Thursday, July 16, 2020

Options trade: How to sell put options | Financial Sector ETF (XLF)

Tue. 7/7/2020 

sell (to open) -1 August 14, 2020  $20.50 put at $0.34

Stats:
  • probability ITM:  22.88%
  • stochastics "oversold"
  • 38 days 'til expiration (DTE)


Thu. 7/16/2020

buy (to close) put at $0.09

Stats:
  • stochastics "overbought"
  • 29 DTE

NET PROFIT:  $23.65

Learn to trade options.

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Wednesday, July 15, 2020

Options trade: How to sell put options | Gilead (GILD)

Thu. 6/18/2020 (12:54:40 pm, PT)

sell (to open) -1 July 17, 2020  $67.50 put at $0.85

Stats:

  • probability ITM: 21.34%
  • margin:  $522.81
  • stochastics "oversold"
  • 29 days 'til expiration (DTE)


Tue. 7/14/2020 (10:24:07 am, PT)

buy (to close) put at $0.01

Stats:

  • 3 DTE
  • GILD at $76.38

NET PROFIT:  $83.30


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Tuesday, July 7, 2020

Options trade: How to sell put options | Carnival (CCL)

Thu. 6/25/2020

sell (to open) -1 July 31, 2020  $10 put at $0.35

Stats:
  • probability ITM: 19.24%
  • stochastics "oversold"
  • 36 days 'til expiration (DTE)


Tue. 7/7/2020 

buy (to close) short put at $0.20

Stats:
  • surprise earnings conference call on July 10
  • 24 DTE
  • probability ITM:  14%

NET PROFIT:  $13.66

Learn to trade options.

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Options trade: How to sell put options | Gilead (GILD)

Thu. 5/21/2020 

sell (to open) -1 July 17, 2020  $65 put at $1.29

Stats:
  • probability ITM:  23.67%
  • stochastics "oversold"


Tue. 7/7/2020

buy (to close) short put at $0.03

NET PROFIT:  $125.31

Learn to trade options!

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Options trade: How to sell put options | Boeing (BA)

Wed. 6/24/2020 (12:31:40 pm, PT)

sell (to open) -1 July 17, 2020  $140 put at $2.00

Stats:

  • probability ITM: 14.72%
  • margin:  $585
  • 23 days 'til expiration (DTE)
  • stochastics "oversold"


Tue. 7/7/2020 (12:22:05 pm, PT)

buy (to close) put at $0.23

Stats:

  • 10 DTE

NET PROFIT:  $175.66 (return on capital = 30% in 13 days)






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