Options trade : SPX bearish trade

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5/24/2022 (10:36 am, PT)

buy +1 May 24, 2022 3995 call at $0.07 (prob ITM 0.62%)

sell -1 May 24, 2022 3945 call at $1.67 (prob ITM 9.73%)

• net credit: $1.60
• SPX = 3903 (-70.70)
• 0 DTE

5/24/2022 (12:55 pm, PT)

buy back the 3945 call at $0.40 to remove the risk

NET PROFIT:  $116.46

This was a VERY stressful trade.  At 12:39 pm, SPX hit a high of 3955.68 and my paper loss was $1000 (BAD).  

The "ask" price for the 3945 short call didn't reach $0.05 until just 20 seconds before the Closing Bell (darn market makers!!).

SPX settled at 3941.48 (-32.27) . . .  too close for comfort.  I'm glad I bought back the 3945 short call at $0.40 so I could be done with the trade.

Options trade : SPX bearish trade

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5/25/2022 (11:27 am, PT)

buy +1 May 25, 2022 4065 call at $0.07

sell -1 May 25, 2022 4015 call at $1.57 (prob ITM 10%)

• net credit: $1.50
• FOMC minutes at 11 am (PT)
• 0 DTE

5/25/2022 (12:23 pm, PT)

buy back 4015 call at $0.70 to remove the risk (at 12:14 pm, SPX hit a high of 3999.33 ... not good!)

PROFIT: $80

Note:  SPX settled at 3978.73 (+37.25), so my trade would have been fine.  But it's always better to be cautious.

Options trade : Kellogg Company (K) bullish trade

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3/10/2022

sell -1 June 17, 2022 $52.50 put at $1.05

• oversold
• 99 DTE
• probability ITM:  23%
• K = $61

6/17/2022  <--- EXPIRATION FRIDAY

K closed at $67.54

short put expired "worthless"

PROFIT:  $105

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

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5/27/2022

sell -2 July 15, 2022 $11 puts at $0.80 (prob ITM 33%)

buy +2 July 15, 2022 $5 puts at $0.01 (prob ITM 0.83%)

• net credit:  $0.79
• oversold
• 49 DTE

6/17/2022

buy back both short puts ($11 strike) at $0.14 to remove the risk

leave open the two long puts

PROFIT:  $130

Option trade : Biotech Sector ETF (XBI) bearish trade

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6/7/2022

buy +2 July 15, 2022 $90 calls at $0.25 (prob ITM 4.28%)

sell -2 July 15, 2022 $81 calls at $1.20 (prob ITM 18%)

• net credit:  $0.95
• XBI = $71.82
• overbought
• 38 DTE

6/14/2022

buy back the two short calls ($81 strike) at $0.18 to remove the risk

PROFIT:  $154

Option trade : Biotech Sector ETF (XBI) bearish trade

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5/19/2022

buy +2 July 1, 2022 $100 calls at $0.15 (prob ITM 4%)

sell -2 July 1, 2022 $80 calls at $1.50 (prob ITM 18%)

• net credit:  $1.35
• XBI = $69.28
• 43 DTE

6/14/2022

buy back the two short calls ($80 strike) at $0.14 to remove the risk

PROFIT: $242

Option trade : Biotech Sector ETF (XBI) bearish trade

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5/12/2022

buy +2 June 24, 2022 $95 calls at $0.34 (prob ITM 2.24%)

sell -2 June 24, 2022 $79.50 calls at $1.10 (prob ITM 13%)

• net credit:  $0.80
• XBI = $64.86 (+2.05)
• oversold
• 43 DTE

6/14/2022

buy back the two short calls ($79.50 strike) at $0.03 to remove the risk

let the long calls expire

PROFIT:  $154

Option trade : Biotech Sector ETF (XBI) bearish trade

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3/9/2022

buy +2 April 14, 2022 $115 calls at $0.15 (prob ITM 2.35%)

sell -2 April 14, 2022 $98 calls at $1.35 (prob ITM 18%)

• net credit:  $1.20
• 36 DTE
• XBI = $87 (+3.00)

4/11/2022

buy back the two short calls ($98 strike) at $0.05 to remove the risk

let the long calls expire

PROFIT:  $230

Option trade : Biotech Sector ETF (XBI) bearish trade

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3/7/2022

buy +2 April 22, 2022 $125 calls at $0.15

sell -2 April 22, 2022 $98 calls at $1.27

• net credit:  $1.12
• oversold
• 46 DTE

4/22/2022  <--- Expiration

XBI =  $79.84

all calls expired

PROFIT:  $224

Option trade : Biotech Sector ETF (XBI) bearish trade

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2/7/2022

sell -2 March 11, 2022 $104 calls at $1.13 (prob ITM 17%)

• reuse the two long puts ($128 strike) from my previous trade
• XBI = $93.70 (+2.91)

3/11/2022 <--- Expiration

XBI = $84.64

all calls expired

PROFIT:  $226

Option trade : Biotech Sector ETF (XBI) bearish trade

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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%)

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

2/7/2022

buy back the two short calls ($111 strike) at $0.05 to remove the risk

let the long calls expire

PROFIT:  $210

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

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6/10/2022

sell -4 July 1, 2022 $12.50 puts at $0.63 (prob ITM 33%)

• reuse long puts ($5 strike) from a previous trade to create a credit put spread
• 21 DTE

6/13/2022

buy back the four short puts ($12.50 strike) to take profits

PROFIT:  $160

Options trade : ARK Innovation ETF (ARKK) bearish trade

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1/12/2022

buy +4 Feb 25, 2022 $115 calls at $0.19 (prob ITM 2.50%)

sell -4 Feb 25, 2022 $97 calls at $1.32 (prob ITM 16%)

• net credit:  $1.13 x 400 =  $452
• 44 DTE

1/25/2022

buy back the four short calls ($97 strike) at $0.20 to take profits

let the long calls expire

PROFIT:  $372

Options trade : ARK Innovation ETF (ARKK) bearish trade

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1/21/2022

buy +4 March 4, 2022  $110 calls at $0.12 (prob ITM 1.52%)

sell -4 March 4, 2022 $87 calls at $1.17 (prob ITM 14%)

• net credit:  $1.05 x 400 =  $420
• oversold
• 42 DTE

2/22/2022

buy back the four short calls ($87 strike) at $0.01

let the long calls expire

PROFIT:  $416

Options trade : ARK Innovation ETF (ARKK) bearish trade

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2/11/2022

buy +4 March 18, 2022 $108.22 calls at $0.09 (prob ITM 1.20%)

sell -4 March 18, 2022 $84.22 calls at $1.37 (prob ITM 16%)

• net credit:  $1.28 x 400 =  $512
• ARKK = $71.90
• overbought

2/18/2022

buy back the four short calls ($84.22 strike) at $0.28 to take profits

leave the long calls open for a future call spread

PROFIT:  $400

Options trade : ARK Innovation ETF (ARKK) bearish trade

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2/22/2022

sell -4 April 1, 2022 $74 calls at $1.50

• reuse the four long $108.22 calls from my 2/11/2022 call spread
• credit:  $1.50 x 400 =  $600

3/18/2022 <--- expiration date of the long calls

buy back the four short calls ($74 strike) at $0.50 to take profits

PROFIT:  $400

Options trade : ARK Innovation ETF (ARKK) bearish trade

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2/23/2022

buy +4 March 25, 2022 $90 calls at $0.12 (prob ITM 2%)

sell -4 March 25, 2022 $72.50 calls at $1.17 (prob ITM 16%)

• net credit:  $1.05 x 400 =  $420
• oversold
• 30 DTE
• ARKK = $61.52

3/21/2022

buy back the four short calls ($72.50 strike) at $0.10

let the long calls expire (there were no buyers)

PROFIT:  $380

Options trade : ARK Innovation ETF (ARKK) bearish trade

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2/24/2022

buy +4 March 18, 2022 $83.22 calls at $0.12 (prob ITM 3%)

sell -4 March 18, 2022 $72 calls at $1.12 (prob ITM 17.60%)

• net credit:  $1.00 x 400 = $400
• ARKK = $63.21 (+2.31)
• oversold
• 22 DTE

3/18/2022

buy back the four short calls ($72 strike) at $0.01

let the four long calls expire [I could not sell (to close) them . . . no buyers]

PROFIT:  $396

Options trade : ARK Innovation ETF (ARKK) bearish trade

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5/9/2022

buy +4 June 17, 2022 $74.22 calls at $0.07

sell -4 June 17, 2022 $52.22 calls at $1.03 (prob ITM 14%)

• net credit:  $0.96 x 400 = $384

6/3/2022

buy back the four short calls ($52.22 strike) at $0.25 to take profits

leave open the four long calls for a future call spread

PROFIT:  $284

Options Trade : ARK Innovation ETF (ARKK) bearish trade

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5/13/2022

buy +4 June 24, 2022 $70 calls at $0.12 (prob ITM 1.88%)

sell -4 June 24, 2022 $54 calls at $1.08 (prob ITM 15%)

• net credit:  $0.96 x 400 = $384
• ARKK = $43.64 (+4.65)
• 43 DTE

6/3/2022

buy back the four short calls ($54 strike) to take profits

leave open the four long calls for a future call spread

PROFIT:  $284