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5/19/2022
buy +4 July 1, 2022 $65 calls at $0.25 (prob ITM 3%)
sell -4 July 1, 2022 $53 calls at $1.30 (prob ITM 16%)
6/10/2022
buy back the four short calls ($53 strike) at $0.20 to take profits
leave open the four long calls for a future call spread
PROFIT: $340
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6/2/2022
buy +4 July 15, 2022 $78 calls at $0.66 (prob ITM 0.94%)
sell -4 July 15, 2022 $54.22 calls at $1.14 (prob ITM 17%)
6/10/2022
buy back the four short calls ($54.22 strike) at $0.33 to take profits
leave open the four long calls for a future call spread
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6/7/2022
buy +4 July 22, 2022 $65 calls at $0.13 (prob ITM 2.43%)
sell -4 July 22, 2022 $53 calls at $1.13 (prob ITM 17.27%)
6/10/2022
buy back the four short calls ($53 strike) to take profits
leave open the long calls for the next call spread
PROFIT: $212
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5/19/2022
sell -4 July 1, 2022 $12.50 puts at $1.29 (prob ITM = 38.65%)
buy +4 July 1, 2022 $5.00 puts at $0.01 (cheap "wings")
6/10/2022
buy back the 4 short puts ($12.50 strike) at $0.63 and reuse the 4 long puts for another put spread
PROFIT: $260
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3/10/2022
sold -1 May 20, 2022 $115 put at $1.32
AAPL = $156.27 (-6.68)
prob of assignment = 11.28%
oversold
71 Days to exp (DTE)
5/20/2022 (expiration)
AAPL = $137.59
My short put expired "worthless"
PROFIT: $132
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5/23/2022
buy +1 June 17, 2022 $100 call at $0.66
sell -1 June 17, 2022 $90 call at $1.87
6/7/2022
buy back entire spread for $0.90 (debit)
PROFIT: $32
4/21/2022
sold -1 June 17, 2022 $75 put at $0.15
5/27/2022
buy back the short put at $0.04 and take my profit
PROFIT: $11
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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.