FREE OPTIONS TRADING LESSONS HERE.
10/6/2022 (11:03:55 am, PT) 🠈 Expiration
sell -1 Oct 6, 2022 3710 put at $0.50 (credit) 🠈 prob ITM 4.33% (risk)
buy +1 Oct 6, 2022 3655 put at $0.05 (debit)
net credit: $0.45 ($45 for one spread)
10/6/2022 (12:30 pm, PT)
buy back 3710 short put at $0.05 to remove the risk
let the 3655 long put expire worthless
PROFIT: $40
FREE OPTIONS TRADING LESSONS HERE.
Fri. 10/7/2022 (10:45:48 am, PT) 🠈 Expiration Friday
buy +1 Oct 7, 2022 3765 call at $0.05 (debit)
sell -1 Oct 7, 2022 3700 call at $0.55 (credit)
net credit: $0.50 ($50 for one contract)
Comments:
★ I placed a bearish trade because SPX gapped down at the Opening Bell and the intraday trend was clearly bearish
★ I went pretty far OTM because sometimes the markets will reverse after a morning selloff
★ I placed my bearish trade when the intraday stochastics were in the "overbought" region (see chart below)
Fri. 10/7/2022 (expiration)
SPX closed (settled) at 3639.84 (-104.68)
My call spread expired perfectly
PROFIT: $50 (in 2.25 hours)
FREE OPTIONS TRADING LESSONS HERE.
10/3/2022 (9:54 am, PT)
sell -1 Oct 3, 2022 3575 put at $0.50 (prob ITM 3%)
buy +1 Oct 3, 2022 3500 put at $0.05
10/3/2022 (expiration)
SPX settled at 3678
my put spread expired perfectly
PROFIT: $45 (in 3 hours)
NOTE: When I placed my trade at 9:54 am, I could tell that SPX was going to keep rising today. Thus, I could have chosen a short put that was closer "to the money" (i.e., higher strike price) OR I could have sold more contracts. However, in the end, I chose to play it safe and opted for a relatively easy trade with a high probability for success.
FREE OPTIONS TRADING LESSONS HERE.
9/30/2022 (9:11:50 am, PT)
sell -1 Sep 30, 2022 3560 put at $1.05 (prob ITM 5.35%)
buy +1 Sep 30, 2022 3475 put at $0.05
9/30/2022 (12:28:57 pm, PT)
buy back the 3560 short put at $0.50 to remove the risk
PROFIT: $50
FREE OPTIONS TRADING LESSONS HERE.
9/23/2022
sell -1 Sep 30, 2022 $59 put at $0.26
7 DTE
9/30/2022 (expiration)
USO closed at $65.28
my short put expired perfectly
PROFIT: $26
FREE OPTIONS TRADING LESSONS HERE.
9/21/2022 (12:32 pm, PT)
sell -1 Sep 30, 2022 $90 put at $0.25
9/30/2022 (expiration)
GOOGL closed at $95.77
my short put expired perfectly
PROFIT: $25
FREE OPTIONS TRADING LESSONS HERE.
7/28/2022 (11:56 am, PT)
sell -1 Aug 5, 2022 $101 put at $0.24
8/5/2022 (expiration)
AMZN closed at $140.80
My short put expired perfectly
PROFIT: $24
FREE OPTIONS TRADING LESSONS HERE.
9/16/2022
sell -1 Sep 23, 2022 $64 put at $0.25
9/23/2022
buy back my short put at $0.03 to remove the risk of assignment
PROFIT: $22
FREE OPTIONS TRADING LESSONS HERE.
9/27/2022
sell -1 Sep 30, 2022 $91 put at $0.21
9/30/2022 (expiration)
buy back short put at $0.01 to remove the risk of assignment
PROFIT: $20
FREE OPTIONS TRADING LESSONS HERE.
9/26/2022
sell -1 Sep 30, 2022 $57 put at $0.16
9/30/2022 (expiration)
USO closed at $65.28
my short put expired perfectly
PROFIT: $16
FREE OPTIONS TRADING LESSONS HERE.
9/13/2022
sell -1 Sep 23, 2022 $90 put at $0.12
9/23/2022 (expiration)
GOOGL closed at $98.74
my short put expired perfectly
PROFIT: $12
FREE OPTIONS TRADING LESSONS HERE.
9/16/2022
sell -1 Sep 23, 2022 $89 put at $0.12
9/23/2022 (expiration)
GOOGL closed at $98.74
My short put expired perfectly
PROFIT: $12
FREE OPTIONS TRADING LESSONS HERE.
9/26/2022
sell -1 Sep 30, 2022 $100 put at $0.10
9/30/2022 (expiration)
AMZN closed at $113
my short put expired perfectly
PROFIT: $10
FREE OPTIONS TRADING LESSONS HERE.
9/28/2022 (10:40 am, PT) 🠄 see chart below
sell -1 Sep 28, 2022 3650 put at $1.05 (prob ITM 6.67%)
buy +1 Sep 28, 2022 3560 put at $0.05
9/28/2022 (12:08 pm, PT)
buy back 3650 short put at $0.05 to remove the risk
SPX settled at 3718 at 1 pm (PT) 🠜 Expiration
PROFIT: $95 (in 90 minutes)
FREE OPTIONS TRADING LESSONS HERE.
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%)
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)
FREE OPTIONS TRADING LESSONS HERE.
9/15/2022 (11:48 am, PT)
sell -1 Sep 16, 2022 $100 put at $0.20 (credit)
9/16/2022 (Expiration)
GOOGL closed at $102.80
My short put expired perfectly
PROFIT: $20
FREE OPTIONS TRADING LESSONS HERE.
9/8/2022
sell -1 Sep 16, 2022 $97 put at $0.16 (credit)
9/16/2022 (Expiration)
GOOGL = $102.80
My short put expired perfectly
PROFIT: $16
FREE OPTIONS TRADING LESSONS HERE.
9/6/2022
sell -1 Sep 6, 2022 $100 put at $0.07 (credit)
9/13/2022
buy back short put at $0.01
PROFIT: $6.00
FREE OPTIONS TRADING LESSONS HERE.
9/12/2022
sell -1 Sep 16, 2022 $103 put at $0.18 (credit)
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.
FREE OPTIONS TRADING LESSONS HERE.
Tue. 8/16/2022
sell -1 Sep 2, 2022 $109 put at $0.22 (credit)
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