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Sunday, June 19, 2022

Options trade : SPX bearish trade

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3/9/2022 (10:25:17 am, PT)

buy +1 March 9, 2022 4370 call at $0.07

sell -1 March 9, 2022 4325 call at $1.37 (prob ITM 8.46%)

  • net credit:  $1.30
  • SPX = 4286 (up 116!)
  • 0 DTE (same-day expiration)


3/9/2022 (12:42:39 pm, PT)

buy back the short 4325 call at $0.05 to remove the risk

let the long call expire

SPX settled at 4277.88 (up 107.18)

NET PROFIT:  $122.11 (in 2.5 hours)



Options trade : Biotech Sector ETF (XBI) bullish trade

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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

Options trade : Starbucks (SBUX) bullish trade

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

GET WEEKLY TRADE IDEAS!

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

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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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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

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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

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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