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Friday, March 11, 2022

Options trade : SPX bearish trade

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Thu. 3/10/2022

buy +1 March 11, 2022 4405 call at $0.20 (prob ITM 0.94%)

sell -1 March 11, 2022 4360 call at $1.40 (prob ITM 5.10%)

  • net credit: $1.20 x 1 x 100 = $120
  • 1 DTE
  • margin:  $4388
  • SPX = 4260.65 (-17.23)


Fri. 3/11/2022 (expiration)

buy back 4360 call at $0.05 to remove the risk

let long call expire worthless

SPX settled at 4204.51

NET PROFIT:  $112.12 (1 day)


Wednesday, March 9, 2022

Option trade : General Mills (GIS) bullish trade

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Wed. 6/23/2021

sell -1 August 20, 2021  $57.50 put at $1.20

  • prob ITM: 37.58%
  • oversold
  • 58 DTE
  • earnings release on June 30 before market open


Wed. 8/11/2021

buy back short put at $0.20

NET PROFIT:  $98.67 (49 days)


Reasons for closing trade:

  • take profits
  • avoid assignment
  • 9 DTE
  • stochastics at 47
  • GIS = $58.81
  • prob ITM:  16%


NOTE:  On August 20, 2021 (expiration), GIS closed at $60.30.

Option trade : Dow Jones Industrial Average ETF (DIA) bullish trade

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Thu. 6/17/2021

sell -1 July 16, 2021 $320 put at $1.29

  • prob ITM: 15%
  • DIA = $338.81 (-1.95)
  • oversold
  • 29 DTE


Fri. 7/2/2021

buy back short put at $0.10

NET PROFIT:  $117.68 (15 days)


Reasons for closing trade:

  • take profits
  • avoid assignment
  • overbought
  • 14 DTE
  • DIA = $348 (+1.80)


Option trade : Energy Sector ETF (XLE) bullish trade

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Wed. 5/26/2021

sell -1 June 18, 2021  $51 put at $1.00 (prob ITM 40%)

buy +1 June 18, 2021  $42 put at $0.10 (prob ITM 5%)

  • net credit:  $0.90 x 1 x 100 =  $90
  • XLE =  $52.17
  • margin:  $900
  • 23 DTE


Wed. 6/2/2021

buy back entire put spread for $0.20 (debit)

NET PROFIT:  $67.35 (8 days)


Reasons for closing trade:

  • overbought
  • 15 DTE
  • take profits
  • protect my capital


Option trade : Tech Sector ETF (XLK) bullish trade

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Wed. 5/19/2021 (12:02 pm, PT)

sell -1 June 18, 2021 $128 put at $2.04

  • prob ITM:  32%
  • XLK = $133.39 (-0.51)
  • FOMC minutes at 11 am, PT
  • 30 DTE
  • oversold


Fri. 6/4/2021

buy back short put at $0.13 to remove the risk

NET PROFIT:  $189.67 (16 days)


Reasons for closing trade:

  • overbought
  • 14 DTE
  • take profits

Option trade : ARK Innovation ETF (ARKK) bullish trade

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Mon. 5/17/2021

sell -1 June 18, 2021 $82.96 put at $1.12

  • ARKK = $103.25 (-1.06)
  • prob ITM:  15%
  • 32 DTE
  • oversold


Fri. 5/28/2021

buy back short put at $0.15 to remove the risk

NET PROFIT:  $95.68 (11 days)


Reasons for closing trade:

  • 21 DTE
  • ARKK is overbought


Option trade : Match Group (MTCH) bullish trade

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Mon. 5/17/2021

sell -1 June 18, 2021  $120 put at $1.07

  • prob ITM:  13.45%
  • MTCH = $139.44 (-2.75)
  • oversold
  • 32 DTE


Fri. 5/28/2021

buy back short put at $0.20 to remove the risk

NET PROFIT:  $85.68 (11 days)


Reasons for closing the trade:

  • MTCH is overbought
  • 21 DTE


Option trade : SPX bullish trade

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Tue. 5/11/2021

sell -2 May 14, 2021 3995 put at $4.23

buy +2 May 14, 2021 3945 put at $2.58

  • net credit:  $1.65 x 2 x 100 =  $330
  • margin:  $5000 - $6000
  • 3 DTE


Fri. 5/14/2021 (expiration)

buy back short puts at $0.05 to remove the risk

let long puts expire


NET PROFIT:  $309.03


Option trade : SPX bullish trade

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Thu. 5/6/2021

sell -2 May 12, 2021 4020 puts at $5.77 (prob ITM 10%)

buy +2 May 12, 2021 3990 puts at $4.42 (prob ITM 8%)

  • net credit: $1.35 x 2 x 200 =  $270
  • SPX = 4172.37 (+4.78)
  • margin:  $6000 - $7000
  • 6 DTE


Wed. 5/12/2021 (expiration)

buy back short puts at $0.10

sell to close long puts at $0.05


PROFIT:  $260


Wednesday, March 2, 2022

Option trade : II-VI (IIVI) bullish trade

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Wed. 5/5/2021

sell -1 June 18, 2021 $55 put at $1.20

  • prob ITM:  21%
  • II-VI =  $65.21
  • oversold stochastic
  • 44 DTE
  • earnings on 5/6/2021 before market open
  • expected move after earnings: up/down $6.71


Thu. 5/27/2021

buy back short put for $0.15 to protect my profits

NET PROFIT:  $103.68 (22 days)


Option trade : Mosaic (MOS) earnings play

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Mon. 5/3/2021

sell -1 May 7, 2021  $34.50 put at $1.00

  • MOS = $35
  • prob ITM:  45%
  • margin:  $3450
  • earnings on 5/3/2021 after Closing Bell


Wed. 5/5/2021

buy back short put for $0.50 to protect profits

NET PROFIT:  $48.68


Option trade : SPX bullish trade

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Tue. 4/27/2021

sell -1 Apr 30, 2021  4100 put at $3.50 (prob ITM 11%)

buy +1 Apr 30, 2021  4075  put at $2.10 (prob ITM 7%)

  • net credit:  $1.40
  • margin;  $2500
  • SPX = 4184.65
  • 3 DTE


Fri. 4/30/2021

buy back 4100 short put for $0.05

sell to close 4075 long put for $0.05

NET PROFIT:  $135.87 (3 days)


Option trade : SPX bullish trade

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Mon. 4/26/2021

sell -1 Apr 28, 2021  4115 put at $2.10 (prob ITM 10%)

buy +1 Apr 28, 2021  4075 put at $0.70 (prob ITM 3.45%)

  • net credit:  $1.40
  • margin:  $4000
  • SPX =  4184
  • 2 DTE


Wed. 4/28/2021

buy back entire spread for $0.15

NET PROFIT:  $120.31 (2 days)


Option trade : SPX bullish trade

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Thu. 4/8/2021

sell -1 Apr 9, 2021  4060 put at $1.72 (prob ITM 12%)

buy +1 Apr 9, 2021  4035 put at $0.57 (prob ITM 4%)

  • net credit:  $1.15
  • margin:  $2500
  • 1 DTE


Fri. 4/9/2021 (expiration)

SPX settled at 4128.80

all puts expired "worthless"

NET PROFIT:  $112.61 (1 day)


Option trade : Tech Sector ETF (XLK) ratio put spread

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Thu. 4/8/2021

buy +1 May 21, 2021  $133 put at $1.58 (prob ITM 26.51%)

sell -2 May 21, 2021  $132 put at $1.41 (prob ITM 24%)

  • net credit:  $1.24
  • overbought stochastic
  • 43 DTE


Fri. 5/21/2021

buy back ONE of the short puts ($132 strike) for $0.01 to remove the risk of assignment

NET PROFIT:  $121


Option trade : SPX bullish trade

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Tue. 4/6/2021

sell -1 Apr 7, 2021  4030 put at $2.01 (prob ITM 11%)

buy +1 Apr 7, 2021  4000 put at $0.81 (prob ITM 4.34%)

  • Net credit:  $1.20
  • SPX =  4075
  • margin:  $3000
  • 2 DTE


Wed. 4/7/2021

Buy back 4030 short put for $0.05 to remove the risk

NET PROFIT:  $112.11 (one day!)


Option trade : Pfizer (PFE) bullish trade

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Thu. 2/11/2021

sell -1 June 18, 2021  $34 put at $1.99 (prob ITM 54%)

buy +1 June 18, 2021  $24 put at $0.08 (prob ITM 5%)

  • net credit: $1.91
  • margin:  $1000
  • oversold stochastic
  • 127 DTE


Mon. 3/8/2021 

buy back entire put spread for $1.61

NET PROFIT:  $27.35


Option trade : SPX bullish trade

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Thu. 1/14/2021

sell -1 Feb 12, 2021  3445 put at $15.75 (prob ITM 12%)

buy +1 Feb 12, 2021  3325 put at $10.00 (prob ITM 8%)

  • net credit:  $5.75
  • margin:  $9920
  • overbought stochastics
  • 29 DTE


Thu. 1/21/2021

buy back entire spread for $2.95

NET PROFIT:  $275.04


Option trade : Facebook (FB) bullish trade

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Wed. 1/13/2021

sell -1 Feb 19, 2021 $210 put at $2.06 (prob ITM 13.50%)

buy +1 Feb 19, 2021 $175 put at $0.59 (prob ITM 4%)

  • Net credit:  $1.47
  • FB = $252.24
  • margin:  $721
  • oversold stochastics
  • 37 DTE
  • earnings release on 1/27/2021


Fri. 1/22/2021

buy back entire put spread at $0.26 to take profits

NET PROFIT:  $118.33


Option trade : Microsoft (MSFT) bullish trade

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Tue. 1/12/2021

sell -1 Feb 19, 2021 $190 put at $1.60 (prob ITM 15%)

buy +1 Feb 19, 2021 $145 put at $0.17 (prob ITM 2%)

  • Net credit:  $1.43
  • margin:  $4500
  • oversold stochastics
  • 38 DTE


Mon. 1/25/2021

buy back short put ($190 strike) only at $0.42

let long put ($145 strike) expire on Feb 19, 2021

NET PROFIT:  $99.02