Options trade : Intel (INTC) bullish trade

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6/25/2021

sell -2 July 16, 2021 $55.50 puts at $0.80 (prob ITM 43%)

buy +2 July 16, 2021 $50.50 puts at $0.07 (prob ITM 6%)

• net credit:  $0.73
• INTC = $56.10
• margin:  $1000
• oversold
• earnings on 7/22/2021
• 21 DTE

7/2/2021

buy back the put spread at $0.38 to close the trade

NET PROFIT:  $64.67 (in 7 days)

Options trade : ARK Innovation ETF (ARKK) bullish trade

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7/16/2021

sell -1 August 20, 2021 $98 put at $1.08 (prob ITM 15%)

buy +1 August 20, 2021 $60 put at $0.05 (prob ITM 1%)

• net credit:  $1.03
• ARKK = $116.39
• margin:  $3000
• oversold
• 35 DTE

7/28/2021

buy back the $98 short put at $0.40 to remove the risk

let the $60 long put expire on Aug 20

NET PROFIT:  $61.02 (in 12 days)

On Aug 20, 2021 (expiration), ARKK closed at $115.80

Options trade : Vanguard REIT ETF (VNQ) bullish trade

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1/11/2022

sell -1 Feb 18, 2022 $105 put at $1.00

• oversold
• 38 DTE
• prob ITM = 25%
• VNQ = $110.48

2/18/2022 (expiration)  <--- ROLL for a credit of $1.30

buy back the Feb 18, 2022 $105 put at $2.82 (debit)

sell (to open) -1 March 18, 2022 $105 put at $4.12 (credit)

3/3/2022

buy back the March 18 $105 put at $2.00 to remove the risk

The trade was heading in the wrong direction

NET PROFIT:  $27.35

• 15 DTE
• VNQ = $104.90
• prob ITM = 53%

Options trade : SPX bullish trade

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5/18/2022 (11:30 am, PT)

sell -1 May 18, 2022 3900 put at $1.42 (prob ITM 8.59%)

buy +1 May 18, 2022 3840 put at $0.17 (prob ITM 1%)

• net credit:  $1.25
• 0 DTE
• SPX = 3943 (-145)

5/18/2022 (12:07:43 pm, PT)

buy back the entire spread at $1.20

This trade was heading in the wrong direction, so all I wanted to do was close the trade and break even.

NET PROFIT:  $0.22

NOTE:  SPX settled at 3923.68 (-165.17 or 4%)

My trade would have been fine, but I don't like to take unnecessary chances.

Options trade : Golar LNG (GLNG) bullish trade

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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