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Wed. 3/30/2022
sell -2 April 29, 2022 $11 puts at $0.80 (probability ITM 39%)
buy +2 April 29, 2022 $6 puts at $0.01 (probability ITM 0.92%)
Wed. 4/13/2022
buy back both short puts ($11 strike) at $0.07
let long puts expire
NET PROFIT: $140.04 (in 14 days)
Reasons for closing the trade:
We've achieved our goal of 50% of "max profit"
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Wed. 1/5/2022 (11:27 am, PT)
buy +1 Feb 18, 2022 $530 call at $0.05 (prob ITM 0.58%)
sell -1 Feb 18, 2022 $495 call at $1.22 (prob ITM 12.37%)
Fri. 1/7/2022 (7:37 am, PT)
bought back entire call spread at $0.50
NET PROFIT: $64.34 (in 2 days)
Reasons for closing the trade:
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Wed. 1/5/2022
buy +1 Feb 18, 2022 $115.22 call at $0.37 (prob ITM 5%)
sell -1 Feb 18, 2022 $101.22 call at $1.47 (prob ITM 17%)
Wed. 1/12/2022
buy back entire call spread at $0.50
NET PROFIT: $57.34
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Tue. 3/8/2022
sell -1 April 22, 2022 $95 put at $0.84
Tue. 4/12/2022
buy back short put at $0.03
NET PROFIT: $80.33 (in 35 days)
Reasons for closing trade:
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Thu. 1/13/2022
buy +2 Feb 18, 2022 $128 calls at $0.09 (prob ITM 2%)
sell -2 Feb 18, 2022 $111 calls at $1.19 (prob ITM 16.46%)
NOTE:
I don't normally place semi-bearish trades when the underlying security is "oversold." However, in this case, XBI seemed to be trending down.
Mon. 2/7/2022
buy back both short calls ($111 strike) at $0.05 to remove the risk
let the long calls ($128 strike) expire
NET PROFIT: $207.34 (25 days)
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Thu. 1/20/2022
buy +1 Jan 21, 2022 $22 put at $1.10
sell -1 Jan 21, 2022 $21 put at $0.45
Fri. 1/21/2022 (12:35:15 pm, PT) (expiration)
sell (to close) entire put spread for $1.00 (see NOTE below)
NET PROFIT: $32.35 (1 day)
NOTE:
I was pleasantly surprised that I was able to get the full (max) value for this put spread even though I still had 25 minutes left until expiration! Thanks, market makers!
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Wed. 1/5/2022
sell -1 Feb 18, 2022 $11 put at $1.36 (prob ITM 45%)
buy +1 Feb 18, 2022 $8 put at $0.14 (prob ITM 14%)
Tue. 1/25/2022
buy back the entire spread at $0.34
NET PROFIT: $85.35
Reasons for closing trade:
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Wed. 2/9/2022
sell -1 April 14, 2022 $10 put at $1.61
Fri. 2/25/2022
Close the trade and take profits
bought back short put at $0.38
NET PROFIT: $121.68
Reasons for closing trade:
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Wed. 2/23/2022
buy +1 March 4, 2022 $185 call at $0.12 (prob ITM 1.70%)
sell -1 March 4, 2022 $167.50 call at $1.13 (prob ITM 13%)
Mon. 2/28/2022
With 4 days remaining, it's time to close our trade and take profits
buy back entire call spread at $0.45 (debit)
NET PROFIT: $53.34 (2 days)
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Tuesday, 3/1/2022
sell -1 March 2, 2022 4120 put at $2.60
buy +1 March 2, 2022 4070 put at $1.10
Wednesday, 3/2/2022 (expiration)
buy back short put (4120 strike) only at $0.05 to remove the risk
let long put expire
NET PROFIT: $142.02
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Friday, 2/11/2022
sell -1 March 18, 2022 $57.50 put at $0.82
Monday, 3/7/2022 (11 DTE)
GILD is now overbought, so it's time to close the trade and take our profits
bought back short put at $0.35
NET PROFIT: $45.68
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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%)
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)
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Wed. 6/23/2021
sell -1 August 20, 2021 $57.50 put at $1.20
Wed. 8/11/2021
buy back short put at $0.20
NET PROFIT: $98.67 (49 days)
Reasons for closing trade:
NOTE: On August 20, 2021 (expiration), GIS closed at $60.30.
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Thu. 6/17/2021
sell -1 July 16, 2021 $320 put at $1.29
Fri. 7/2/2021
buy back short put at $0.10
NET PROFIT: $117.68 (15 days)
Reasons for closing 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%)
Wed. 6/2/2021
buy back entire put spread for $0.20 (debit)
NET PROFIT: $67.35 (8 days)
Reasons for closing trade:
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Wed. 5/19/2021 (12:02 pm, PT)
sell -1 June 18, 2021 $128 put at $2.04
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:
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Mon. 5/17/2021
sell -1 June 18, 2021 $82.96 put at $1.12
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:
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Mon. 5/17/2021
sell -1 June 18, 2021 $120 put at $1.07
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:
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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
Fri. 5/14/2021 (expiration)
buy back short puts at $0.05 to remove the risk
let long puts expire
NET PROFIT: $309.03
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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%)
Wed. 5/12/2021 (expiration)
buy back short puts at $0.10
sell to close long puts at $0.05
PROFIT: $260