LILIA's MONEY MUSINGS

9/30/2022

sell -1 Oct 7, 2022 $59 put at $0.22

prob ITM: 10.76%
USO = $65.29 (-1.49)
7 DTE

10/7/2022 (expiration)

USO closed at $75.42

my short put expired perfectly

PROFIT: $22

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

9/30/2022

sell -1 Oct 7, 2022 $59 put at $0.20

prob ITM: 9.79%
USO = $65ish
7 DTE

10/7/2022 (expiration)

USO closed at $75.42

My short put expired perfectly

PROFIT: $20

Options trading : SPX semi-bullish trade (credit put spread)

10/4/2022 (10:18:57 am, PT)

sell -1 Oct 4, 2022 3705 put at $1.00 (credit) 🠈 prob ITM 7% (risk)

buy +1 Oct 4, 2022 3605 put at $0.05 (debit)

net credit: $0.95 ($95 for one spread)
0 DTE

10/4/2022 (expiration)

SPX closed (settled) at 3790.93

my put spread expired perfectly

PROFIT: $95

Options trading : SPX semi-bullish trade (credit put spread)

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

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

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)

Monday, October 3, 2022

Options trading : SPX semi-bullish trade (credit put spread)

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

net credit: $0.45
0 DTE

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.

Sunday, October 2, 2022

Options trading : SPX semi-bullish trade (credit put spread)

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

net credit: $1.00
0 DTE

9/30/2022 (12:28:57 pm, PT)

buy back the 3560 short put at $0.50 to remove the risk

PROFIT: $50

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

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

Options trading : Alphabet (GOOGL) semi-bullish trade

9/21/2022 (12:32 pm, PT)

sell -1 Sep 30, 2022 $90 put at $0.25

GOOGL = $100
prob ITM = 8.50%
9 DTE
FOMC at 11 am (PT) on 9/21/2022

9/30/2022 (expiration)

GOOGL closed at $95.77

my short put expired perfectly

PROFIT: $25

Options trading : Amazon (AMZN) Earnings Play

7/28/2022 (11:56 am, PT)

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

AMZN = $122.32
prob ITM = 5.40%
market maker move = up/down $7.28 post-earnings

8/5/2022 (expiration)

AMZN closed at $140.80

My short put expired perfectly

PROFIT: $24

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

9/16/2022

sell -1 Sep 23, 2022 $64 put at $0.25

prob ITM = 11.79%
7 DTE

9/23/2022

buy back my short put at $0.03 to remove the risk of assignment

PROFIT: $22

Options trading : Alphabet (GOOGL) semi-bullish trade

9/27/2022

sell -1 Sep 30, 2022 $91 put at $0.21

prob ITM = 10%
3 DTE

9/30/2022 (expiration)

buy back short put at $0.01 to remove the risk of assignment

PROFIT: $20

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

9/26/2022

sell -1 Sep 30, 2022 $57 put at $0.16

USO = $63.35
prob ITM = 9%
4 DTE

9/30/2022 (expiration)

USO closed at $65.28

my short put expired perfectly

PROFIT: $16

Options trading : Alphabet (GOOGL) semi-bullish trade

9/13/2022

sell -1 Sep 23, 2022 $90 put at $0.12

GOOGL = $105.26 (down $5.60!)
prob ITM = 4%
10 DTE

9/23/2022 (expiration)

GOOGL closed at $98.74

my short put expired perfectly

PROFIT: $12

Options trading : Alphabet (GOOGL) semi-bullish trade

9/16/2022

sell -1 Sep 23, 2022 $89 put at $0.12

GOOGL = $101.81
prob ITM = 4.50%
7 DTE

9/23/2022 (expiration)

GOOGL closed at $98.74

My short put expired perfectly

PROFIT: $12

Options trading : Amazon (AMZN) semi-bullish trade

9/26/2022

sell -1 Sep 30, 2022 $100 put at $0.10

AMZN = $115.50
prob ITM: 3.25%
4 DTE

9/30/2022 (expiration)

AMZN closed at $113

my short put expired perfectly

PROFIT: $10

Wednesday, September 28, 2022

Options trading : SPX semi-bullish trade (credit put spread)

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

net credit: $1.00
SPX up over 55 points
0 DTE
this is a credit put spread which is semi-bullish

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)

Friday, September 16, 2022

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

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