FREE OPTIONS TRADING LESSONS HERE.
11/17/2022
sell -3 Nov 25, 2022 $41 calls at $0.14
- 8 DTE
- probability of success: 90%
- ARKK = $37.24
11/22/2022
buy back all 3 short calls at $0.01 to remove the risk of assignment
PROFIT: $39 (in 5 days)
Tuesday, November 22, 2022
Options trading : ARK Innovation ETF (ARKK) semi-bearish trade
Thursday, November 3, 2022
Options trading : SPX credit call spread (bearish)
FREE OPTIONS TRADING LESSONS HERE.
11/2/2022 (12:58:13 pm, PT)
buy +1 Nov 3, 2022 4020 call at $0.07 (debit)
sell -1 Nov 3, 2022 3870 call at $1.12 (credit) 🠈🠈 prob ITM 4.30%
- net credit: $1.05 ($105 per spread)
- SPX = 3764.58 (- 91.52) 🠈🠈 Wall Street reacted negatively after FOMC
- 1 DTE
11/3/2022 (6:30:16 am, PT) 🠈🠈 expiration
buy back the 3870 short call at $0.05 (debit)
PROFIT: $100 (in one day)
Wednesday, November 2, 2022
Options trading : Kimberly Clark (KMB) semi-bullish trade
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
Friday, October 28, 2022
Options trading : Alphabet (GOOGL) semi-bullish trade
FREE OPTIONS TRADING LESSONS HERE.
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)
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)
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)
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)
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)
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
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)
Thursday, October 27, 2022
Options trading : Alphabet (GOOGL) semi-bullish trade
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)
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)
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)
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)
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)
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)
Friday, October 21, 2022
Options trading : Alphabet (GOOGL) semi-bullish trade
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
Tuesday, October 18, 2022
Options trading : Alphabet (GOOGL) semi-bullish trade
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.
Friday, October 14, 2022
Options trading : Alphabet (GOOGL) semi-bullish trade
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
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
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