Options trading : Kimberly Clark (KMB) semi-bullish trade

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FREE OPTIONS TRADING LESSONS HERE.

8/29/2022

sell -1 Oct 21, 2022 $120 put at $1.30 (credit)

10/21/2022 (exp)  🠈🠈  ROLL 

Why Roll?

• KMB dropped to $113.96 (my put was ITM)
• my friend did not want to get assigned
• my friend wanted to collect another credit

Here's the roll:

buy (to close) the Oct 21, 2022 $120 put at $6.35 (debit)

sell (to open) a Nov 18, 2022 $120 put at $7.15 (credit)

Roll for a net credit of $0.80

Credits collected so far:  $1.30 + $0.80 =  $2.10

Translation:

If I buy back the Nov 18 put at $2.10, I will break even.

If I buy back the Nov 18 put for less than $2.10, I will have a profit.

10/31/2022 (12:26 pm, PT) 🠈🠈  18 DTE

buy back the Nov 18 $120 put at $0.80 (debit) and take profits

Reasons for closing the trade:

• KMB was "overbought" again
• I was able to buy back the short put for less than $2.10
• take profits

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Options trading : Alphabet (GOOGL) semi-bullish trade

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9/21/2022 (12:03 pm, PT)

sell -1 Sept 23, 2022 $101 put at $1.00 (credit)

• prob ITM:  39% (a bit high)
• GOOGL = $102
• 2 DTE
• FOMC press conference at 11 am, PT

9/23/2022 (expiration) (ROLL #1)

roll Sept 23 $101 put to Sept 30 for $1.00 (credit)

9/29/2022 (1 DTE)  (ROLL #2)

roll Sept 30 $101 put to Oct 7 for $0.72 (credit)

NOTES:  I decided to roll on Sept 29 (1 day before exp) because my "extrinsic" value was getting too low and I did not want to get assigned.

10/7/2022 (expiration) (ROLL #3)

roll Oct 7 $101 put to Oct 14 for $1.12 (credit)

10/14/2022 (expiration)  (ROLL #4)

roll Oct 14 $101 put to Oct 21 for $0.65 (credit)

TOTAL CREDITS RECEIVED SO FAR:  $4.49

10/21/2022 (expiration)

buy back the Oct 21 $101 put at $0.10 and take PROFITS!

PROFIT:  $439 (in 4 weeks)

Side note:  GOOGL closed at $101.13 on Oct 21 (so close . . .)

Options trading : Amazon (AMZN) earnings play (semi-bullish)

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FREE OPTIONS TRADING LESSONS HERE.

10/27/2022 (12:33:27 pm, PT)

sell -1 Oct 28, 2022 $85 put at $0.24 (credit)

• earnings announcement at 1 pm, PT today (Oct 27)
• AMZN = $111.30
• prob ITM = 4.69%
• 1 DTE
• market maker move =  up/down $11

10/28/2022 (expiration)

AMZN closed at $103.41 (see NOTES below)

My short put expired perfectly

PROFIT:  $24

NOTES:

Right after the earnings numbers were released on Oct 27, AMZN plunged all the way from $103.41 to $87.59!!  (after-hours market)

Today (expiration), AMZN rallied back up to $103.41.  Amazing.

Options trading : Alphabet (GOOGL) earnings play (semi-bullish)

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

10/24/2022

sell -1 Oct 28, 2022 $93 put at $0.70 (credit)

• earnings announcement on Oct 25
• 4 DTE
• prob ITM:  17%
• GOOGL = $101.66

10/28/2022 (expiration)

GOOGL closed at $96.29 (see Notes below)

My short put expired perfectly

PROFIT: $70

NOTES:

During the after-hours market yesterday (Oct 27), GOOGL traded as low as $90.38.  That was NOT fun!  However, today (expiration) GOOGL rallied back up!

Options trading : Amazon (AMZN) earnings play (semi-bullish)

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

10/26/2022 (12:40:40 pm, PT)

sell -1 Oct 28, 2022 $104 put at $0.70

• earnings on Oct 27 after 1 pm, PT
• 2 DTE

10/28/2022 (expiration)

AMZN closed at $103.41

Got assigned 100 shares of AMZN at $104/share

Options trading : Apple (AAPL) earnings play (semi-bullish)

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

10/27/2022 (12:38 pm, PT)

sell -1 Oct 28, 2022 $130 put at $0.48 (credit)

• earnings announcement at 1 pm, PT on Oct 28 (the next day)
• 1 DTE
• AAPL = $145.11
• prob ITM = 10%
• market maker move:  up/down $7.71

10/28/2022 (expiration)

AAPL closed at $155.74 (up $11!!)

My short put expired perfectly

PROFIT:  $48 (in 1 day)

Options trading : Alphabet (GOOGL) earnings play (semi-bullish)

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

10/25/2022 (12:31:26 pm, PT)

sell -1 Oct 28, 2022 $95 put at $0.53

• earnings announcement at 1 pm, PT today
• prob ITM:  13.51%
• GOOGL = $104.60
• market maker move:  up/down $5.90
• 3 DTE

10/28/2022 (11:35:50 am, PT)  🠈🠈  Expiration

buy back the short put at $0.02 to remove the risk of assignment

PROFIT:  $51 (in 3 days)

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

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

10/24/2022

sell -1 Oct 28, 2022 $66 put at $0.22 (credit)

• prob ITM (assignment):  13%
• USO = $70.22

10/28/2022 (expiration)

USO closed at $72.82

My short put expired perfectly

PROFIT:  $22 (in 4 days)

Options trading : Alphabet (GOOGL) semi-bullish trade

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

8/29/2022 

sell -1 Oct 21, 2022 $100 put at $2.25 (credit)

• prob ITM (assignment) = 27%

10/21/2022 (12:03 pm, PT)  🠈 expiration

buy back the short put at $0.10 to remove the risk of assignment

PROFIT:  $215

NOTES:

GOOGL closed at $101.13 (too close for comfort . . . that's the reason I chose to spend $10 to buy back my short put)

Options trading : SPX credit call spread (bearish)

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

10/20/2022 (12:53 pm, PT)

buy +1 Oct 21, 2022 3840 call at $0.07 (debit)

sell -1 Oct 21, 2022 3770 call at $1.17 (credit) 🠈 prob ITM 5%

• net credit:  $1.10 ($110 for one spread)
• 1 DTE
• SPX = 3671.14 (-24.02)

10/21/2022 (12:49:55 pm, PT)  🠈 expiration

buy back the 3770 short call at $0.10 to remove the risk

PROFIT:  $100 (in one day)

NOTES:

SPX settled at 3752.75 (+86.97), so my short call would have been fine.

However, it's always better to close the short option to remove the risk.

Options trading : SPX credit call spread (bearish)

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

10/19/2022 (12:56:44 pm, PT)

buy +1 Oct 20, 2022 3875 call at $0.05 (debit)

sell -1 Oct 20, 2022 3810 call at $0.75 (credit)

• net credit:  $0.70 ($70 for one spread)
• 1 DTE

10/20/2022 (6:36:33 am, PT)  🠈  expiration

buy back the 3810 short call at $0.05 to remove the risk

PROFIT:  $65 (in one day)

 

Options trading : SPX credit call spread (bearish)

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

10/18/2022 (12:50 pm, PT)

buy +1 Oct 19, 2022 3910 call at $0.05 (debit)

sell -1 Oct 19, 2022 3835 call at $0.65 (credit)

• net credit:  $0.60 ($60 for one spread)
• 1 DTE

10/19/2022 (6:51:19 am, PT)  🠈 expiration

buy back the 3835 short call at $0.05 to remove the risk

PROFIT:  $55 (in one day)

Options trading : SPX credit call spread (bearish)

   GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

10/27/2022 (12:59:10 pm, PT)

buy +1 Oct 28, 2022 3975 call at $0.07 (debit)

sell  -1 Oct 28, 2022 3915 call at $1.02 (credit)

• net credit:  $0.95 ($95 for each spread)
• 1 DTE
• SPX =  3805.65 (-24.95)
• prob ITM for 3915 short call = 4% 
• probability of success = 96%

10/27/2022 (1:11:56 pm, PT)  🠈  13 minutes later 

buy back the 3915 short call at $0.20 and take a quick profit

PROFIT:  $75 (in 13 minutes)

COMMENTS:

I was VERY surprised to see my call's premium drop so much in the after-hours market.  My initial plan was to buy back the short call at $0.05 sometime tomorrow (expiration day), but Wall Street gave me a surprise gift! 

Depending on what happens tomorrow (Oct 28), I may or may not reuse my long call ("wing") and sell (to open) another OTM call option.

For now, I am VERY happy that I made $75 in just 13 minutes!

Options trading : SPX credit call spread (bearish)

   GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

10/26/2022 (12:58:44 pm, PT)

buy +1 Oct 27, 2022 4000 call at $0.05 (debit)

sell -1 Oct 27, 2022 3920 call at $0.95 (credit)  🠈 prob ITM 5%

• net credit:  $0.90 ($90 per spread)
• 1 DTE

10/27/2022 (6:52:30 am, PT)  🠈 Expiration

buy back 3920 short call at $0.05

PROFIT:  $85 (in 1 day)

Options trading : Alphabet (GOOGL) semi-bullish trade

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

9/13/2022

sell -1 Oct 21, 2022 $93 put at $1.03

• prob ITM: 17%
• GOOGL = $106 (-4.80)
• oversold
• 38 DTE

10/21/2022 (expiration)

GOOGL closed at $101.13

My short put expired perfectly

PROFIT:  $103

Options trading : Alphabet (GOOGL) semi-bullish trade

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

9/12/2022

sell -1 Oct 21, 2022 $98 put at $1.10 (prob ITM 17.60%)

buy + 1 Oct 21, 2022 $57 put at $0.01 (prob ITM 0.15%)

• GOOGL = $110.70
• margin:  $571
• oversold
• 39 DTE

10/17/2022  🠈🠈  4 DTE

buy back the short put at $1.00

PROFIT:  $7.01

NOTES:

This was a difficult trade.

On 9/30/2022, the premium for the $98 put reached a high of $4.76, so I had a "paper loss" of $367 that day.

On 10/13/2022, GOOGL dropped to $94.38, so my $98 short put was almost $4.00 in-the-money (bad).

After all these challenges, I decided the best thing to do was to break even on the trade.

Options trading : Alphabet (GOOGL) semi-bullish trade

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

10/7/2022

sell -1 Oct 14, 2022 $91 put at $0.28

• prob ITM: 10.51%
• 7 DTE

10/14/2022 (Expiration Friday)

GOOGL closed at $96.56

my put expired perfectly

PROFIT: $28

Options trading : Alphabet (GOOGL) semi-bullish trade

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

10/10/2022

sell -1 Oct 14, 2022 $89 put at $0.11

• prob ITM: 5.30%
• GOOGL = $98
• 4 DTE

10/14/2022 (Expiration Friday)

GOOGL closed at $96.56

my put expired perfectly

PROFIT: $11

Options trading : US Oil Fund ETF (USO)

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

10/7/2022

sell -1 Oct 14, 2022 $69 put at $0.24

• prob ITM: 11%
• 7 DTE

10/14/2022 (Expiration Friday)

buy back short put at $0.01 to remove the risk

PROFIT:  $23

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

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

10/11/2022 (12:58:56 pm, PT)

buy +1 Oct 12, 2022 3775 call at $0.05 

sell -1 Oct 12, 2022 3630 call at $8.30 (prob ITM 24% )  🠈 HIGH!!

• net credit: $8.25
• max profit: $825 (1 day)
• 1 DTE

10/12/2022 (6:30:10 am, PT)  🠈 expiration

I bought back the short call at $7.00 right at the Opening Bell.

PROFIT:   $125

I decided I was OK with a quick profit of $125 since the FOMC would be releasing its minutes at 11 am (PT).  We never know how Wall Street will react to those minutes, so it's much better to close profitable trades before the event.

NOTE:

SPX settled at 3577.03, so I could have made $825 in one day if I had left my trade open.  BUT . . .  like I said, sometimes it's just not worth the risk.