FREE OPTIONS TRADING LESSONS HERE.
- prob ITM 13%
- 14 DTE
- I reused the July 1 $5 long puts ("wings") from my May 19 trade
Visit me daily to be entertained and educated about the wild world of options trading!
FREE OPTIONS TRADING LESSONS HERE.
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%)
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)
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%)
2/23/2021
buy back entire spread at $0.10
NET PROFIT: $490.22
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%)
2/25/2021
buy back call spread at $0.10
NET PROFIT: $440.22
SPX settled at 3811.15 on Feb 26 (expiration)
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%)
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)
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%)
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
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%)
11/18/2021
buy back the $436 short puts at $0.02 to remove the risk
PROFIT: $366
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%)
7/23/2021 (expiration)
SPX = 4411.79 (+44.31)
all puts expired perfectly
PROFIT: $360
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%)
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.
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%)
10/21/2021
buy back $408 short puts at $0.01 to remove the risk
let the long puts expire
NET PROFIT: $301.34
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%)
8/30/2021 (expiration)
SPX = 4528.79 (+19.42)
all puts expired perfectly
PROFIT: $270
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%)
9/1/2021 (expiration)
SPX = 4524.09
All puts expired perfectly
PROFIT: $260
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)
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
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%)
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
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%)
12/6/2021
buy back the two $443 short puts at $1.00
let the long puts expire
NET PROFIT: $196.03
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%)
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)
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%)
5/18/2022
buy back entire call spread at $0.20
NET PROFIT: $122.34
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%)
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)
FREE OPTIONS TRADING LESSONS HERE.
8/26/2021
sell -1 Sept 17, 2021 $81 put at $1.18
9/17/2021 (expiration)
STX = $83.74
my put option expired perfectly
PROFIT: $118
FREE OPTIONS TRADING LESSONS HERE.
8/19/2021
sell -1 Sept 24, 2021 $95 put at $1.05
9/22/2021
buy back put at $0.02 to remove the risk
PROFIT: $103