LILIA's MONEY MUSINGS

1/5/2022

sell -1 March 18, 2022 $17.50 calls at $0.40 (prob ITM 14%)

buy +1 March 18, 2022 $15 calls at $0.95 (prob ITM 29%)

net debit: $0.55
72 DTE
overbought
CNBC reported "unusual options activity" (over 16,000 calls bought)

1/31/2022

buy back call spread at $0.65

NET PROFIT: $7.36

Options trade : Visa (V) bullish trade

11/11/2021

sell -2 Dec 17, 2021 $195 puts at $1.76 (prob ITM 20%)

buy +2 Dec 17, 2021 $140 puts at $0.10 (prob ITM 1.24%)

net credit: $1.66
V = $210.92
oversold
36 DTE

12/7/2021

buy back entire spread for $1.50 to remove the risk

Note: On Dec 1, V = $190.10, so my short put was ITM (bad)

NET PROFIT: $26.72

Options trade : SPY bullish trade

4/14/2022

sell -1 May 20, 2022 $386 put at $1.46 (prob ITM 9.27%)

buy +1 May 20, 2022 $300 put at $0.21 (prob ITM 1.22%)

net credit: $1.25
oversold
36 DTE
SPY = $438 (- 5.17)

5/16/2022

buy back the entire spread for $1.20 to remove the risk

Note:

Even though there were only 4 days left until expiration, this trade had become too risky. Thus, my goal was to get out and break even.

NET PROFIT: $2.34

Options trade : Apple (AAPL) bullish trade

4/14/2022

sell -2 May 20, 2022 $145 put at $1.11 (prob ITM 13%)

buy +2 May 20, 2022 $100 put at $0.05 (prob ITM 0.87%)

net credit: $1.06
oversold
36 DTE
margin: $1546
AAPL = $166.80

5/4/2022

buy back the $145 puts at $0.50 to remove the risk

5/6/2022

sell (to close) the $100 long puts at $0.04 to recover some credit

NET PROFIT: $114.70

Options trade : Banking Sector ETF (KBE) bullish trade

4/5/2022

sell -1 May 20, 2022 $49 put at $1.10

prob ITM 35.64%
oversold
45 DTE
KBE = $51.20
margin = $478

4/19/2022

buy back my put at $1.00 to remove the risk

It's a good thing I did that because on May 12, KBE hit a low of $44.51!

NET PROFIT: $8.68

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

3/30/2022

sell -2 April 29, 2022 $11 put at $0.80 (prob ITM 39%)

buy +2 April 29, 2022 $6 put at $0.01 (prob ITM 0.92%)

net credit: $0.79
UVXY = $12.47
oversold
30 DTE

4/13/2022

buy back the $11 short puts at $0.07 to remove the risk

let the long $6 puts expire

NET PROFIT: $140.04

Options trade : Financial Sector ETF (XLF) bullish trade

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