Options trading : SPX semi-bearish trade (credit call spread)

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9/16/2022 (9:52:56 am, PT)

buy +1 Sep 16, 2022  3900 call at $1.02 (prob ITM 7%)

sell -1 Sep 16, 2022 3885 call at $2.47 (prob ITM 15%)

• net credit: $1.45 x 1 x 100 =  $145 (max profit)
• 0 DTE
• SPX = 3850.91 (-50.44)

9/16/2022 (12:30:24 pm, PT)

At 10:56 am (PT), SPX suddenly started to rise (see Fig. 1 below).

SPX was heading in the WRONG direction, so I decided I would be OK with just 50% of max profit.

I bought back my call spread at $0.70 (debit)

At expiration, SPX settled at 3873.33, so my call spread would have been fine. But who needs the stress?  I'm glad I closed it at $0.70.

PROFIT:  $75

Fig. 1.  Intraday chart for SPX (9/16/2022)

Options trading : Alphabet (GOOGL) semi-bullish trade

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9/15/2022 (11:48 am, PT)

sell -1 Sep 16, 2022 $100 put at $0.20 (credit)

• prob ITM: 14.45%
• GOOGL = $103
• 1 DTE

9/16/2022 (Expiration)

GOOGL closed at $102.80

My short put expired perfectly

PROFIT: $20

Options trading : Alphabet (GOOGL) semi-bullish trade

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9/8/2022

sell -1 Sep 16, 2022 $97 put at $0.16 (credit)

• prob ITM: 6%
• GOOGL = $107.86
• 8 DTE

9/16/2022 (Expiration)

GOOGL = $102.80

My short put expired perfectly

PROFIT:  $16

Options trading : Amazon (AMZN) semi-bullish trade

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9/6/2022

sell -1 Sep 6, 2022 $100 put at $0.07 (credit)

• prob ITM: 1.74% (high probability of success)
• AMZN = $126.16
• oversold
• 10 DTE

9/13/2022

buy back short put at $0.01

PROFIT:  $6.00

Options trading : Alphabet (GOOGL) semi-bullish trade

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FREE OPTIONS TRADING LESSONS HERE.

9/12/2022

sell -1 Sep 16, 2022 $103 put at $0.18 (credit)

• 4 DTE
• prob ITM =8% (92% probability of success)

9/16/2022 (12:56:47 pm, PT) 🠜🠜 EXPIRATION

buy back short put at $0.18

GOOGL was really volatile all day today.  I did not want to get assigned or roll my put, so I closed it at the break-even price when I had the opportunity.

PROFIT/LOSS =  0

NOTE:  GOOGL closed at $102.80 at expiration, so it's a good thing I closed my short put at $0.18.

Options trading : Alphabet (GOOGL) bullish trade and ROLL

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Tue. 8/16/2022

sell -1 Sep 2, 2022 $109 put at $0.22 (credit)

• 17 DTE

Fri. 9/2/2022 (Expiration)  🠜  ROLL

Earlier in the morning, my short put traded at $0.04, but I missed it.

By the end of the trading session, GOOGL dropped to $107.88 and my short put went ITM.

I did not want to get assigned, so I ROLLED my put to the following expiration cycle.

Here is the ROLL:

buy (to close) Sep 2 $109 put at $1.31 (debit)

sell (to open) Sep 9 $109 put at $2.51 (credit)

The ROLL gave me a net credit of $1.20

I will break even if I buy back the Sep 9 $109 put at $1.42 ($0.22+ $1.20)

Fri. 9/9/2022 (Expiration)

GOOGL closed at $110.65

My Sep 9 $109 short put expired perfectly

TOTAL PROFIT:  $142

Options trading : US Oil Fund ETF (USO) bullish trade

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9/6/2022

sell -1 Sept 9, 2022 $67 put at $0.17 (credit)

• 3 DTE
• prob ITM: 11%

9/9/2022 (Expiration)

buy back short put at $0.02

PROFIT:  $15

NOTE:  USO closed at $71.10, so my short put would have been fine.

Options trading : Alphabet (GOOGL) bullish trade

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8/31/2022

sell -1 Sep 9, 2022 $97 put at $0.14 (credit)

• prob ITM: 5.19%
• GOOGL = $108.91
• oversold
• 9 DTE

9/9/2022 (Expiration)

GOOGL closed at $110.65

My short put expired perfectly

PROFIT:  $14

Options trading : Alphabet (GOOGL) bullish trade

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FREE OPTIONS TRADING LESSONS HERE.

8/26/2022

sell -1 September 2, 2022 $101 put at $0.11

• GOOGL = $111.17 (-5.48)
• prob ITM = 4.70%
• 7 DTE

9/2/2022 (expiration)

GOOGL = $107.91

My short put expired perfectly

PROFIT:  $11

Options trading : Alphabet (GOOGL) Earnings Play (bullish trade)

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7/26/2022 (12:54:37 pm, PT)

sell -1 August 26, 2022 $90 put at $1.15

• oversold
• earnings release at 1 pm (PT) on 7/26
• prob ITM: 16.78%
• GOOGL = $104.985 (-2.525)

8/26/2022 (Expiration)

GOOGL closed at $110.12 (down 6.53!)

My short put expired perfectly

PROFIT:  $115

Options trading : US Oil Fund ETF (USO) bullish trade

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8/16/2022

sell -1 August 26, 2022  $60 put at $0.18

• prob ITM:  6.33% (high probability of success)
• 10 DTE

8/26/2022 (Expiration)

USO closed at $75.85

My short put expired perfectly

PROFIT: $18

Options trading : Alphabet (GOOGL) bullish trade

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8/17/2022

sell -1 August 26, 2022  $108.50 put at $0.10

prob ITM: 4.18% (high probability of success)

8/26/2022 (Expiration)

GOOGL closed at $110.05 (down $6.60!)

My short put expired perfectly

PROFIT:  $10

Options trading : Conagra (CAG) bullish trade

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7/26/2022

sell -1 August 26, 2022  $32 put at $0.40

8/26/2022 (Expiration)

CAG closed at $34.91

My short put expired perfectly

PROFIT:  $40

Options trading : Alphabet (GOOGL) bullish trade

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8/4/2022

sell -1 August 19, 2022 $104 put at $0.22

• prob ITM = 6.44%
• overbought
• 15 DTE

8/19/2022 (expiration)

GOOGL = $117.21

My short put expired perfectly

PROFIT: $22

Options trading : Consumer Discretionary Sector ETF (XLY) bearish trade

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5/13/2022

buy +1 June 17, 2022 $180 call at $0.28 (prob ITM 3.65%)

sell -1 June 17, 2022 $167 call at $1.34 (prob ITM 14.69%)

• net credit: $1.06
• XLY = $150.87 (+4.32)
• margin: $1300
• 35 DTE

6/17/2022 (Expiration)

XLY = $136.10

My call spread expired perfectly

PROFIT:  $106

Options trading : Consumer Discretionary Sector ETF (XLY) bearish trade

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5/25/2022 (11:02 am, PT)  🠄 2 minutes after FOMC minutes were released

buy +1 July 1, 2022 $168 call at $0.35 (prob ITM 5%)

sell -1 July 1, 2022 $156 call at $1.45 (prob ITM 16%)

• net credit:  $1.10
• XLY = $141.80 (+3.98)
• Margin:  $1200
• 37 DTE
• FOMC minutes at 11 am (PT)

6/13/2022

buy back entire call spread at $0.50 (debit)  🠜 🠜  50% of "max profit"

I usually close my spreads when my profit reaches 50% of "max profit"

It is NEVER a good idea to hold these types of trades all the way until expiration!

PROFIT:  $60

Options trading : Amazon (AMZN) Earnings Play

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7/28/2022 (11:56:32 pm, PT)

sell -1 August 5, 2022 $101 put at $0.24

• earnings on 7/28 after market close
• 8 DTE
• prob ITM: 5.40%
• AMZN = $122.32
• market maker move = up/down $7.28

8/5/2022 (Expiration)

AMZN = $140.80

My short put expired perfectly

PROFIT:  $24

Options trading : US Oil Fund ETF (USO) bullish trade

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8/5/2022

sell -1 August 12, 2022 $45 put at $0.02

• prob ITM: 1.21%
• 7 DTE

8/12/2022 (Expiration)

USO = $74.99

My short put expired perfectly

PROFIT:  $2.00

Options trading : Alphabet (GOOGL) bullish trade

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8/5/2022

sell -1 August 12, 2022 $106 put at $0.05

• prob ITM: 2.72%
• GOOGL = $117
• 7 DTE

8/12/2022 (Expiration)

GOOGL = $121.51

My short put expired perfectly

PROFIT:  $5

Options trade : Amazon (AMZN) bullish trade

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8/8/2022

sell -1 August 12, 2022 $126 put at $0.11

• prob ITM: 4%
• 4 DTE

8/12/2022 (Expiration)

AMZN = $143.55

My short put expired perfectly

PROFIT:  $11