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Wednesday, June 22, 2022

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

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.



6/13/2022

sell -4 July 1, 2022 $12.50 puts at $0.22
  • prob ITM 13%
  • 14 DTE
  • I reused the July 1 $5 long puts ("wings") from my May 19 trade


6/21/2022

buy back $12.50 short puts at $0.09 to remove the risk

let the long puts expire

PROFIT:  $52

Monday, June 20, 2022

Options trade : SPX bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


8/31/2021

sell -2 Sep 7, 2021  4405 put at $3.46 (prob ITM 9%)

buy +2 Sep 7, 2021  4220 put at $0.91 (prob ITM 2%)

  • net credit:  $2.55
  • SPX = 4520
  • 7 DTE


9/7/2021 (expiration)

buy back 4405 short puts at $0.05 to remove the risk

let the long puts expire

NET PROFIT:  $494.22

SPX settled at 4520.03 (-15.40)


Options trade : SPX bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


1/26/2021

sell -1 Feb 26, 2021  3435 put at $15.01 (prob ITM 11%)

buy +1 Feb 26, 2021  3325 put at $9.96 (prob ITM 7%)

  • net credit:  $5.05
  • margin:  $5669
  • overbought
  • 31 DTE


2/23/2021

buy back entire spread at $0.10

NET PROFIT:  $490.22


Options trade : SPX bearish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


1/27/2021

buy +1 Feb 26, 2021  4030 call at $6.39 (prob ITM 7%)

sell -1 Feb 26, 2021  3990 call at $10.94 (prob ITM 11%)

  • net credit:  $4.55
  • margin:  $3962
  • SPX down over 100 points
  • 30 DTE


2/25/2021

buy back call spread at $0.10

NET PROFIT:  $440.22

SPX settled at 3811.15 on Feb 26 (expiration)


Options trade : SPX bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


9/27/2021

sell -2 Oct 1, 2021  4320 puts at $3.80 (prob ITM 9.33%)

buy +2 Oct 1, 2021  4240 puts at $1.80 (prob ITM 4%)

  • net credit:  $2.00
  • SPX = 4441.98 (-13.50)
  • 4 DTE


10/1/2021 (expiration)

buy back the 4320 short puts at $0.05 to remove the risk

let the long puts expire

NET PROFIT:  $384.04

SPX settled a 4357.04 (+49.50)


Options trade : SPY bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


10/11/2021

sell -2 Nov 10, 2021 $406 puts at $2.13 (prob ITM 16%)

buy +2 Nov 10, 2021 $330 puts at $0.15 (prob ITM 1.18%)

  • net credit:  $1.98
  • SPY = $436
  • 30 DTE
  • FOMC press conference at 11 am (PT) on 11/3/2021


11/3/2021 (10:48:35 am, PT)  <--- FOMC at 11 am (PT)

buy back the $406 short puts at $0.08

let the long puts expire

I wanted to close this trade before the FOMC press conference

PROFIT:  $380


Options trade : SPY bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


10/27/2021

sell -2 Nov 19, 2021 $436 puts at $2.06 (prob ITM 19%)

buy +2 Nov 19, 2021 $377 puts at $0.21 (prob ITM 2%)

  • net credit:  $1.85
  • overbought
  • 22 DTE


11/18/2021

buy back the $436 short puts at $0.02 to remove the risk

PROFIT:  $366


Options trade : SPX bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


7/16/2021

sell -2 July 23, 2021  4180 puts at $4.93 (prob ITM 10%)

buy +2 July 23, 2021  4135 puts at $3.13 (prob ITM 6%)

  • net credit:  $1.80
  • SPX = 4330 (-30)
  • 7 DTE


7/23/2021 (expiration)

SPX =  4411.79 (+44.31)

all puts expired perfectly

PROFIT:  $360


Options trade : ARK Innovation ETF (ARKK) bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


10/22/2021

buy +2 Nov 26, 2021 $107 puts at $1.49 (prob ITM 23%)

sell -4 Nov 26, 2021 $106 puts at $1.30 (prob ITM 20%)

  • net credit:  $1.11 x 2 x 100 =  $222
  • overbought
  • 35 DTE
  • this trade is called "ratio put spread"


11/17/2021

buy back the 2 "naked" puts ($106 strike) at $0.16 to remove the risk


11/24/2021

sell (to close) the embedded debit put spread (2 contracts) at $0.63 for an extra $126


PROFIT:  $316


NOTE:  On 11/26/2021 (expiration), ARKK closed at $107.12

If I had not sold (to close) the debit put spread on 11/24/2021, I would have missed out on the extra $126.


Options trade : SPY bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


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

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


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

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


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

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


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

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


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

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


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

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


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

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


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

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


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

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


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

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


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