FREE OPTIONS-TRADING LESSONS HERE
7/8/2021
sell -1 August 13, 2021 $118 put at $1.17
- prob ITM = 18%
- XBI = $131.67
- oversold
- 36 DTE
8/13/2021 (expiration)
buy back put option at $0.01 to remove the risk
NET PROFIT: $115.33
Sunday, June 19, 2022
Options trade : Starbucks (SBUX) bullish trade
FREE OPTIONS-TRADING LESSONS HERE
8/10/2021
sell -1 Sept 10, 2021 $112 put at $1.09
- prob ITM 27%
- SBUX = $116.38
- oversold
- 31 DTE
9/10/2021 (expiration)
SBUX = $119.34
my short put expired perfectly
PROFIT: $109
Options trade : Ultra-VIX ETF (UVXY) bullish trade
FREE OPTIONS-TRADING LESSONS HERE
4/22/2022
sell -2 May 27, 2022 $11 puts at $0.52 (prob ITM 27%)
buy +2 May 27, 2022 $6 puts at $0.01
- net credit: $0.51
- margin: $1000
- oversold
- 35 DTE
5/13/2022
buy back the two $11 short puts at $0.03 to remove the risk
let the $6 long puts expire
NET PROFIT: $96.65
Options trade : Consumer Discretionary ETF (XLY) bullish trade
FREE OPTIONS-TRADING LESSONS HERE
8/13/2021
sell -1 Sept 17, 2021 $174 put at $1.33 (prob ITM 24%)
buy +1 Sept 17, 2021 $125 put at $0.05 (prob ITM 0.90%)
- net credit: $1.28
- oversold
- 35 DTE
- XLY = $181.29
- margin: $4900
9/2/2021
buy back the $174 short put at $0.35 to remove the risk
let the long $125 put expire
NET PROFIT: $91.02
Options trade : General Mills (GIS) earnings play
FREE OPTIONS-TRADING LESSONS HERE
6/29/2021
sell -1 July 16, 2021 $60 put at $1.51
- oversold
- 17 DTE
- GIS = $60.03
- Prob ITM = 52% (high!) <--- taking advantage of "volatility crush"
- earnings on June 30 (before market-open)
7/15/2021
buy back short put at $0.50 to remove the risk
NET PROFIT: $99.68
Options trade : Energy Sector ETF (XLE) bullish trade
FREE OPTIONS-TRADING LESSONS HERE
12/20/2021
sell -1 Jan 21, 2022 $50 put at $1.08
- oversold
- 32 DTE
- prob ITM 34%
- XLE = $52.73
12/27/2021
buy back short put to remove the risk
NET PROFIT: $86.68
Options trade : SPX bullish trade
FREE OPTIONS-TRADING LESSONS HERE
3/3/2022 (12:04 pm, PT)
sell -1 March 4, 2022 4185 put at $1.65 (prob ITM 4.29%)
buy +1 March 4, 2022 4000 put at $0.15 (prob ITM 0.38%)
- net credit: $1.50
- SPX = 4357
- 1 DTE
3/3/2022 (12:59:52 pm, PT)
buy back the entire spread at $0.60
NET PROFIT: $85.31 (in 55 minutes)
Saturday, June 18, 2022
Options trade : Starbucks (SBUX) bullish trade
FREE OPTIONS-TRADING LESSONS HERE
10/5/2021
sell -1 Nov 5, 2021 $103 put at $1.06
- oversold
- 31 DTE
- earnings on 10/28/2021
- prob ITM = 21%
- SBUX = $111
- margin: $826
10/26/2021
buy back the $103 short put at $0.28 to close the trade prior to earnings
NET PROFIT: $76.68
Options trade : JP Morgan Chase (JPM) bullish trade
FREE OPTIONS-TRADING LESSONS HERE
6/24/2021
sell -1 July 9, 2021 $147 put at $1.08 (prob ITM 24%)
buy +1 July 9, 2021 $120 put at $0.04 (prob ITM 0.90%)
- net credit: $1.04
- JPM = $152.88
- margin: $2700
- oversold
- 15 DTE
- earnings on July 13 (a.m.)
6/29/2021
buy back $147 short put at $0.28
let $120 long put expire
NET PROFIT: $74.02
Options trade : SPX bullish trade
FREE OPTIONS-TRADING LESSONS HERE
3/4/2022 (10:57 am, PT)
sell -1 March 7, 2022 4100 put at $3.60
buy +1 March 7, 2022 4035 put at $2.10
- net credit: $1.50
- SPX = 4315
- 3 DTE
3/4/2022 (12:46 pm, PT)
buy back the entire spread at $0.75
NET PROFIT: $70.04 (in TWO hours)
I got almost 50% of "max profit" in just two hours, so it's time to close the trade and not get greedy!
Options trade : Intel (INTC) bullish trade
FREE OPTIONS-TRADING LESSONS HERE
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
FREE OPTIONS-TRADING LESSONS HERE
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
FREE OPTIONS-TRADING LESSONS HERE
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
FREE OPTIONS-TRADING LESSONS HERE
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
FREE OPTIONS-TRADING LESSONS HERE
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
FREE OPTIONS-TRADING LESSONS HERE
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
FREE OPTIONS-TRADING LESSONS HERE
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
FREE OPTIONS-TRADING LESSONS HERE
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
FREE OPTIONS-TRADING LESSONS HERE
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
FREE OPTIONS-TRADING LESSONS HERE
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
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