Options trade: SPX credit put spread | 232% return

Monday, 3/8/2021

sell -1 March 10, 2021  3665 put at $2.29 (prob ITM 5.31%)

buy +1 March 10, 2021  3620 put at $1.09 (prob ITM 2.63%)

net credit:  $1.20 x 1 x 100 =  $120

margin:  $4371

Tuesday, 3/9/2021 (10:17 am, PT)

buy back 3665 short put at $0.20

Tuesday, 3/9/2021 (10:25 am, PT) <--- 8 minutes later

sell another put with strike price of 3790 (prob ITM 4.78%)

collected second credit of $1.20

Wed. 3/10/2021 (Expiration Day)

SPX = 3898.81

let all put options expire "worthless"

NET PROFIT:  $215.13 (2 days)

ROC:  232% (annualized)

For the full analysis, join PATREON and watch the video!

Options trade: SPX credit call spread | 1554% ROC (annualized)

Friday, 3/12/2021 (9:19 am, PT)

buy +1 March 12, 2021  3980 call at $0.12 (prob ITM 1.55%)

sell -1 March 12, 2021  3950 call at $1.42 (prob ITM 15.42%)

net credit:  $1.30 x 1 x 100 = $130 (max profit)

margin:  $2867

Friday, 3/12/2021 (12:54 pm, PT)

buy back 3950 short call at $0.05

NET PROFIT:  $122.11 (in 4 hours) 

ROC:  1554% (annualized)

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Options trade: SPX intraday credit (bear) call spread | 2000% return

Friday, 2/26/2021 (11:45 am, PT)  <--- Expiration Day

buy +1 Feb 26, 2021  3895 call at $0.17 (prob ITM 1.78%)

sell -1 Feb 26, 2021  3855 call at $2.37 (prob ITM 17.61%)

net credit:  $2.20 x 1 x 100 = $220 (max profit)

margin:  $3767

Friday, 2/26/2021 (12:54 pm, PT)  <--- 70 minutes later

buy back 3855 call at $0.10

let long call expire "worthless"

Note: SPX closed at 3811.15 at 1 pm, PT (settlement)

NET PROFIT:  $206.46 (in 70 minutes)

ROC:  5.48% (1 hour) = 2000% (annualized)

For the full analysis, join PATREON and watch the video!

Options trade: SPX credit put spread | 454% return

 Monday, 4/12/2021

sell -1 April 14, 2021  4055 put at $1.95 (prob ITM 8.55%)

buy +1 April 14, 2021  4010 put at $0.75 (prob ITM 3%)

net credit:  $1.20 x 1 x 100 = $120

margin:  $4500

2 DTE

Wednesday, 4/14/2021 (EXPIRATION)

buy back short put (4055 strike) at $0.05 to remove the risk of assignment

NET PROFIT:  $112.11 (2 days)

Return on capital:  454% (annualized)

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Options trade: SPX credit put spread | 1375% return

 Tuesday, 3/2/2021

sell -1 March 3, 2021  3805 put at $2.55 (prob ITM 8.63%)

buy +1 March 3, 2021  3770 put at $1.20 (prob ITM 4.18%)

net credit:  $1.35 x 1 x 100 =  $135

margin:  $3372

SPX at 3890.37

Wednesday, 3/3/2021 (Expiration)

buy back 3805 short put at $0.05

let long put expire "worthless"

NET PROFIT:  $127.03 (1 day)

ROC:  3.77% (1 day) =  1375% (annualized)

For the full analysis, join PATREON and watch the video!

Options trade: SPX credit put spread | 232% return

Monday, 3/8/2021

sell -1 March 10, 2021  3665 put at $2.29 (5.31% prob ITM)

buy +1 March 10, 2021  3620 put at $1.09 (2.63% prob ITM)

net credit:  $1.20

margin:  $4371

Tuesday, 3/9/2021 (SPX up 80)

buy back short put (3665 strike) at $0.20

Tuesday, 3/9/2021 (8 minutes later)

sell -1 March 10, 2021  3790 put at $1.20 (4.78% prob ITM)

new margin:  $16,887

Wednesday, 3/10/2021 (Expiration)

SPX closed at 3898.81

Let entire put spread expire "worthless"

NET PROFIT:  $215.13 (in 2 days)

Return on capital:  232% (annualized)

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Options trade: SPX credit put spread | 1884% return

 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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Options trade: SPX credit put spread | 742% ROC

 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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Options trade: SPX credit call spread | 378% return

 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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Options trade: ARK Innovation ETF (ARKK) credit put spread | 403% ROC

 Wed. 2/24/2021

sell -2 Apr 16, 2021  $100 puts at $1.87 (prob ITM 14.75%)

buy +2 Apr 16, 2021  $70 puts at $0.35 (prob ITM 4%)

net credit:  $1.52 x 2 x 100 = $304

margin:  $517

51 DTE

Wed. 3/31/2021

buy back the 2 short puts at $0.50

let the 2 long puts expire on 4/16/2021

NET PROFIT:  $200.01 (35 days)

Return on capital:  403% (annualized)

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Options trade: SPY credit put spread | 119% return

 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%)

• net credit: $1.06 x 1 x 100 = $106
• max profit:  $106
• "overbought"
• 106 DTE
• margin: $413

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)

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Options trade: Facebook credit put spread | 164% return

 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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Options trade: Electronic Arts (EA) short put | How to sell put options

 Wednesday, 2/24/2021

sell -1 April 16, 2021  $130 put at $3.35

prob ITM 34%

51 DTE

Wednesday, 3/31/2021 (16 DTE)

I bought back the short put at $1.00 to remove the risk of assignment (prob ITM = 23%)

NET PROFIT:  $233.67

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Options trade: Apple short put | How to sell put options

 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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Options trade: Global X NASDAQ Covered Call ETF (QYLD) short put | How to sell put options

 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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Options trade: Biotech Sector ETF (XBI) Credit put spread

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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Options trade: Palantir (PLTR) short put | How to sell put options

 Wednesday, 2/24/2021

sell -1 March 19, 2021  $23 put at $1.12

23 DTE

prob ITM 34%

Monday, 3/8/2021 (10 DTE)

I decided to buy back my short put at $1.00 and break even.  I did not like the way the stock was behaving.  With 10 days remaining, my short put still had a 57% chance of being in-the-money (assignment) at expiration.

NET PROFIT:  $10.69

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Options trade: Tesla credit (bull) put spread | 3/19/2021 exp

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!

Options trade: Facebook credit (bull) put spread | 164% ROC (annualized)

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!

Unusual Options Activity alert! Trader buys 5000 JETS call options . . . so I did the same (sort of)

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.

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