Wednesday, 4/14/2021
sell -1 April 16, 2021 4030 put at $2.12 (prob ITM 7.08%)
buy +1 April 16, 2021 3980 put at $0.92 (prob ITM 2.95%)
net credit: $1.20 x 1 x 100 = $120
margin: $5000
SPX at 4124
Friday, 4/16/2021 (EXPIRATION)
Strong up day, let all options expire "worthless"
NET PROFIT: $117.61 (2 days)
Return on capital: 429% (annualized)
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Monday, 3/29/2021
buy +1 March 31, 2021 4065 call at $0.75 (prob ITM 3.64%)
sell -1 March 31, 2021 4035 call at $2.55 (prob ITM 11%)
net credit: $1.80 x 1 x 100 = $180
margin: $2868
2 DTE
SPX between 3968 and 3974
Wednesday, 3/31/2021 (EXPIRATION)
buy back short call (4035 strike) at $0.05 to remove the risk of assignment
let long call expire
SPX closed at 3972.89
NET PROFIT: $172.11 (in 2 days)
Return on capital: 1095% (annualized)
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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)
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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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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)
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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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)
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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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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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