LILIA's MONEY MUSINGS

9/16/2021

sell -2 Oct 22, 2021 $408 puts at $2.04 (prob ITM 13%)

buy +2 Oct 22, 2021 $355 puts at $0.51 (prob ITM 3.17%)

net credit: $1.53
SPY = 447.02
margin: $4953
oversold
36 DTE

10/21/2021

buy back $408 short puts at $0.01 to remove the risk

let the long puts expire

NET PROFIT: $301.34

Options trade : SPX bullish trade

8/24/2021

sell -2 Aug 30, 2021 4380 puts at $3.30 (prob ITM 9%)

buy +2 Aug 30, 2021 4330 puts at $1.95 (prob ITM 5%)

net credit: $1.35
SPX = 4488 (+8.84)
6 DTE

8/30/2021 (expiration)

SPX = 4528.79 (+19.42)

all puts expired perfectly

PROFIT: $270

Options trade : SPX bullish trade

8/26/2021

sell -1 Sep 1, 2021 4340 put at $4.94 (prob ITM 10.34%)

buy +1 Sep 1, 2021 4225 put at $2.34 (prob ITM 4.31%)

net credit: $2.60
SPX = 4479 (-16.80)
6 DTE

9/1/2021 (expiration)

SPX = 4524.09

All puts expired perfectly

PROFIT: $260

Options trade : Archer Daniels Midland (ADM) bullish trade

11/5/2021

buy 100 shares of ADM stock at $64.40 (debit)

sell -1 Dec 17, 2021 $65 call at $1.46 (credit)

net debit: $62.94
this trade is called "buy-write" or "covered stock"
oversold
42 DTE
ADM = $64.41
prob ITM (assignment): 42%

12/17/2021 (expiration)

ADM closed at $65.27, so I got assigned on the covered call

NET PROFIT: $205.34

I also collected a dividend of $37 on 12/7/2021

Options trade : SPY bullish trade

11/19/2021

sell -2 Dec 17, 2021 $429 puts at $1.41 (prob ITM 10%)

buy +2 Dec 17, 2021 $349 puts at $0.21 (prob ITM 1.35%)

net credit: $1.20
SPY = $469.45
overbought
28 DTE
FOMC at 11 am, PT on 12/15/2021

12/14/2021

buy back the $429 short puts at $0.17 to remove the risk before the FOMC press conference

NET PROFIT: $202.03

Options trade : SPY bullish trade

11/8/2021

sell -2 Dec 8, 2021 $443 puts at $2.10 (prob ITM 16%)

buy +2 Dec 8, 2021 $320 puts at $0.10 (prob ITM 0.64%)

net credit: $2.00
SPY = $469
overbought
30 DTE
margin: $9067

12/6/2021

buy back the two $443 short puts at $1.00

let the long puts expire

NET PROFIT: $196.03

Sunday, June 19, 2022

Options trade : SPX bearish trade

4/27/2022

buy +1 April 29, 2022 4400 call at $0.52 (prob ITM 2%)

sell -1 April 29, 2022 4335 call at $2.47 (prob ITM 6%)

net credit: $1.95
SPX = 4183.92
2 DTE

4/29/2022

buy back the short 4335 call at $0.05 to remove the risk

let the long call expire

NET PROFIT: $187.11 (2 days)

Options trade : Netflix (NFLX) bearish trade

4/27/2022

buy +1 May 27, 2022 $245 call at $1.00 (prob ITM 5.41%)

sell -1 May 27, 2022 $225 call at $2.45 (prob ITM 13%)

net credit: $1.45
margin: $2000
NFLX = $190.10 (-8.30)
oversold
30 DTE

5/18/2022

buy back entire call spread at $0.20

NET PROFIT: $122.34

Options trade : GameStop (GME) bullish trade

6/242021

sell -1 July 2, 2021 $170 put at $2.22 (prob ITM 14%)

buy +1 July 2, 2021 $152.50 put at $1.01 (prob ITM 7%)

net credit: $1.21
GME = $217.81
oversold
8 DTE
margin = $1750

7/2/2021 (expiration)

buy back short $170 put at $0.01 to remove the risk

let the long put expire

NET PROFIT: $118.67 (in 8 days)

Options trade : Seagate Tech (STX) bullish trade

8/26/2021

sell -1 Sept 17, 2021 $81 put at $1.18

oversold
22 DTE
STX = $85.14
prob ITM = 29%

9/17/2021 (expiration)

STX = $83.74

my put option expired perfectly

PROFIT: $118

Options trade : ARK Innovation ETF (ARKK) bullish trade

8/19/2021

sell -1 Sept 24, 2021 $95 put at $1.05

prob ITM = 14%
ARKK = $115.48
oversold
35 DTE

9/22/2021

buy back put at $0.02 to remove the risk

PROFIT: $103

Options trade : Facebook (FB) bullish trade

10/27/2021

sell -1 Nov 19, 2021 $285 put at $1.33 (prob ITM 12%)

buy +1 Nov 19, 2021 $225 put at $0.09 (prob ITM 1%)

net credit: $1.24
FB = $316.08
oversold
22 DTE

11/10/2021

buy back entire spread at $0.18

NET PROFIT: $106 (in 13 days)

Options trade : Energy Sector ETF (XLE) ratio spread

10/6/2021

buy +1 Nov 12, 2021 $51.50 put at $1.19 (prob ITM 34%)

sell -2 Nov 12, 2021 $51 put at $1.06 (prob ITM 31%)

net credit: $0.93
XLE = $54.44
overbought
37 DTE

10/22/2021

buy back the entire spread at $0.10

NET PROFIT: $79.03 (in 16 days)

Option trade : SPX bearish trade

5/19/2022 (10:57:28 am, PT)

buy +1 May 19, 2022 4020 call at $0.10

sell -1 May 19, 2022 3965 call at $1.70

net credit: $1.60
SPX = 3926.57
0 DTE (same-day expiration)

5/19/2022 (12:14:03 pm, PT)

buy back the short 3965 call at $0.50 to remove the risk

let the long call expire

NET PROFIT: $106.46

SPX settled at 3900.79

Options trade : SPX bearish trade

5/17/2022 (11:08:17 am, PT)

buy +1 May 17, 2022 4160 call at $0.07

sell -1 May 17, 2022 4115 call at $1.47

net credit: $1.40
SPX = 4070
margin = $4500
0 DTE (same-day expiration)

5/17/2022 (11:22:23 am, PT)

buy back short 4115 call at $0.20 to remove the risk

let the long call expire

NET PROFIT: $116.46 (in 14 minutes!)

SPX settled at 4088.85

Options trade : SPX bearish trade

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

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

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