LILIA's MONEY MUSINGS

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%)

net credit: $0.79
margin: $498
UVXY = $12.48 (+0.13)
oversold
30 DTE

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"

Tuesday, April 12, 2022

Options trade : SPY bearish trade

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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%)

net credit: $1.17
FOMC minutes at 11 am (PT)
right after the minutes were published, SPY dropped $9
44 DTE
overbought
at the time of this trade, SPY was down $3.61 at $473.94

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:

I achieved my goal of 50% of "max profit"
protect my capital
remove the risk
there were still 42 DTE

Options trade : ARK Innovation ETF (ARKK) bearish 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%)

net credit: $1.10
oversold
big down-day
44 DTE

Wed. 1/12/2022

buy back entire call spread at $0.50

NET PROFIT: $57.34

Options trade : JP Morgan Chase (JPM) bullish trade

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Tue. 3/8/2022

sell -1 April 22, 2022 $95 put at $0.84

probability ITM: 10%
JPM = $129.05 (-0.16)
oversold
45 DTE

Tue. 4/12/2022

buy back short put at $0.03

NET PROFIT: $80.33 (in 35 days)

Reasons for closing trade:

take profits
JPM is reporting earnings before market open on 4/13/2022

Sunday, April 3, 2022

Options trade : Biotech Sector ETF (XBI) bearish 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%)

net credit: $1.10
XBI = $99
36 DTE
oversold

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)

FREE options trading lessons here!

Options trade : Draftkings (DKNG) bearish trade

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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

net debit: $0.65
oversold
1 DTE

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!

LEARN TO TRADE OPTIONS FOR FREE!

Options trade : Ultra-VIX ETF (UVXY) bullish trade

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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%)

net credit: $1.22
margin: $300
oversold
44 DTE

Tue. 1/25/2022

buy back the entire spread at $0.34

NET PROFIT: $85.35

Reasons for closing trade:

overbought
24 DTE
UVXY = $19

FREE options trading lessons here!

Options trade : Ultra-VIX ETF (UVXY) bullish trade

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Wed. 2/9/2022

sell -1 April 14, 2022 $10 put at $1.61

probability ITM (assignment): 48%
UVXY = $12.415 (-.675)
oversold
64 DTE

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:

take profits!
UVXY is now overbought
we've achieved our goal
the put still has a 19% probability of assignment
UVXY = 16.47

LEARN TO TRADE OPTIONS FOR FREE!

Options trade : AirBnB (ABNB) bearish 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%)

ABNB = $150.83 (-14.41)
margin: $621
net credit: $1.01
37 stochastics (and dropping)
9 DTE

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)

LEARN TO TRADE OPTIONS FOR FREE!

Options trade : SPX bullish trade

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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

net credit: $1.50
SPX = 4289.78 - 4293.49 (-83)
1 DTE

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

FREE OPTIONS LESSONS HERE!

Options trade : Gilead Sciences (GILD) bullish trade

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Friday, 2/11/2022

sell -1 March 18, 2022 $57.50 put at $0.82

prob ITM: 24%
GILD = $62.33 (+0.54)
oversold
35 DTE

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

Friday, March 11, 2022

Options trade : SPX bearish trade

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

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

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

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

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

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

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