Wednesday, 3/31/2021
sell -1 April 1, 2021 3940 put at $2.50 (prob ITM 12.22%)
buy +1 April 1, 2021 3910 put at $0.95 (prob ITM 5%)
net credit: $1.55 x 1 x 100 = $155
margin: $2850
1 DTE
SPX = 3987.44
Thursday, 4/1/2021 (EXPIRATION)
buy back short put (3940 strike) at $0.05 to remove the risk of assignment
let long put expire "worthless"
SPX closed at 4019.87
NET PROFIT: $147.11 (1 day)
Return on capital: 1884% (annualized)
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Fri. 3/26/2021
sell -1 March 26, 2021 3915 put at $1.52 (prob ITM 15%)
buy +1 March 26, 2021 3850 put at $0.12 (prob ITM 1%)
net credit: $1.40 x 1 x 100 = $140
margin: $6494
SPX at 3934
Fri. 3/26/2021 (EXPIRATION)
buy back short put at $0.05 to remove the risk of assignment
let the long put expire
NET PROFIT: $132.11 (2 hours)
Return on capital: 742% (annualized)
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Fri. 3/5/2021
buy +1 March 8, 2021 3975 call at $0.07 (prob ITM 0.30%)
sell -1 March 8, 2021 3915 call at $1.42 (prob ITM 6%)
net credit: $1.35 x 1 x 100 = $135
margin: $5861
2 DTE
SPX at 3828.60
Mon. 3/8/2021 (EXPIRATION)
buy back short call at $0.10 to remove the risk of assignment
NET PROFIT: $121.46 (2 days)
Return on capital: 378% (annualized)
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Thu. 12/3/2020
sell -1 March 19, 2021 $280 put at $2.05 (prob ITM: 9.26%)
buy +1 March 19, 2021 $248 put at $0.99 (prob ITM: 4.79%)
Thu. 2/4/2021
buy back the entire spread for $0.20
NET PROFIT: $81.02
return on capital: 19.62% (in 2 months) = 119% (annualized)
Learn to trade options.
Monday, 2/8/2021
sell -2 March 12, 2021 $240 puts at $2.13 (prob ITM 17%)
buy +2 March 12, 2021 $210 puts at $0.37 (prob ITM 4%)
net credit: $1.76 x 2 x 100 = $352 (max profit at expiration)
margin: $2318
31 DTE
FB at $266.38
Monday, 3/1/2021
buy back entire spread for $0.64
NET PROFIT: $218.67
ROC: 164% (annualized)
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Monday, 2/22/2021
sell -1 March 26, 2021 $115 put at $1.33
prob ITM: 20.39%
32 DTE
Friday, 3/26/2021 (EXPIRATION)
Apple closed at $121.21
I let my short put expire "worthless"
NET PROFIT: $132.34
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Wednesday, 3/3/2021
sell -1 March 19, 2021 $22 put @ $0.30
probability ITM: 55.49% (this is high)
16 DTE
Friday, 3/19/2021 (EXPIRATION)
QYLD closed at $22.45
I let my short put option expire "worthless"
NET PROFIT: $29.34
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Thu. 2/18/2021
sell -2 March 19, 2021 $140 put at $1.44 (prob ITM 17.21%)
buy +2 March 19, 2021 $125 put at $0.35 (prob ITM 5.43%)
net credit: $1.09 x 2 x 100 = $218
margin: $3,000
Fri. 3/12/2021
buy back the entire spread at $1.09
NET LOSS: $5.34 (trading fees)
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Thursday, 2/18/2021
sell -2 March 19, 2021 $465 puts at $2.14 (prob ITM 4.34%)
buy +2 March 19, 2021 $396 puts at $1.02 (prob ITM 2.38%)
net credit: $1.12 x 2 x 100 = $224 (max profit)
margin: $2275
Tuesday, 3/2/2021
buy back entire spread for $1.06 (debit)
NET PROFIT: $6.66
For the full analysis, join PATREON and watch the video!
Monday, 2/8/2021
sell -2 March 12, 2021 $240 puts at $2.13 (prob ITM 16.93%)
buy +2 March 12, 2021 $210 puts at $0.37 (prob ITM 3.66%)
net credit: $1.76 x 2 x 100 = $352 (max profit)
margin: $2318
FB @ $266.38
Monday, 3/1/2021
buy back the entire spread for $0.64 (debit)
NET PROFIT: $218.67 (in 21 days)
ROC: 9.43% (21 days) = 164% (annualized)
For the full analysis, join PATREON and watch the video!
Friday, 1/15/2021
sell (to open) -1 March 19, 2021 $30 call at $0.24 (probability ITM 7.56%)
buy (to open) +1 March 19, 2021 $25 call at $0.95 (probability ITM 26.54%)
Net debit: $71
$71 = max loss if JETS closes below $25 at expiration
$429 = max profit if JETS closes above $30 at expiration (but the probability of this happening is less than 8%)
Tuesday, 2/9/2021
sell (to close) the entire call spread for a credit of $0.60
NET LOSS: $13.64 😔
I decided to close my trade early and take a small loss. After nearly 30 days, this trade never showed a profit. I wasn't in the mood to keep holding and hoping.
Learn to trade options for FREE!
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.
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%)
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.
Thu. 1/14/2021
sell (to open) -1 Feb 19, 2021 $62 put at $1.06
Wed. 2/3/2021
buy back short put at $0.10
NET PROFIT: $94.68
Learn to trade options.
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.
Thu. 11/19/2020 (11:13:15 am, PT)
sell (to open) -1 Nov 27, 2020 $27.50 put at $1.00 (credit)
Stats:
Tue. 11/24/2020 (11:36:39 am, PT)
buy (to close) put at $0.18 (debit)
Stats:
NET PROFIT: $80.68
SUCCESS!
Learn to trade options by watching my FREE videos here!
Thu. 10/29/2020 (12:51:15 pm, PT)
sell (to open) -1 Dec 4, 2020 $60.50 put at $1.07 (credit)
Stats:
Mon. 11/23/2020 (1:04:51 pm, PT)
buy (to close) +1 short put at $0.02 (debit)
Stats:
NET PROFIT: $104.33
SUCCESS!
Learn to trade options by watching my FREE videos here!