LILIA's MONEY MUSINGS

4/14/2022

sell -2 May 20, 2022 $33 put at $0.20

prob ITM 13%
XLF = $37
oversold
36 DTE

5/17/2022

buy back $33 puts at $0.12

NET PROFIT: $13.35

Note: XLF closed at $32.92 on May 20 (exp)

Options trade : Apple (AAPL) bullish trade

3/10/2022

sell -1 May 20, 2022 $110 put at $1.02

5/20/2022 (expiration)

AAPL = $137.59

My short put expired "worthless."

PROFIT: $102

Options trade : Apple (AAPL) bullish trade

3/10/2022

sell -1 May 20, 2022 $115 put at $1.32

5/20/2022 (Expiration)

AAPL closed at $137.59

My short put expired "worthless"

PROFIT: $132

Options trade : SPX bearish trade

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

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

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

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

Wednesday, June 15, 2022

Option trade : Biotech Sector ETF (XBI) bearish trade

FREE OPTIONS-TRADING LESSONS HERE!

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

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

Tuesday, June 14, 2022

Option trade : Biotech Sector ETF (XBI) bearish trade

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

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

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

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

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

FREE OPTIONS-TRADING LESSONS.

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

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

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

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