Options trading : Biotech Sector ETF (XBI) credit call spread (semi-bearish)

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12/2/2022

sell -2 Dec 16, 2022 $93 calls at $0.21 (credit)

(I reused the 2 long calls from another trade to create a spread)

• prob ITM:  7.56%
• XBI = $84.42
• 14 DTE

12/14/2022 (10:16 am, PT)  🠈🠈 FOMC press conference at 11 am, PT

buy back the two $93 short calls at $0.02 to remove the risk (even though expiration is only 2 days away)

PROFIT:  $38

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FREE OPTIONS TRADING LESSONS HERE.

Options trading : Amazon (AMZN) semi-bullish trade

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12/2/2022

sell -1 Dec 16, 2022 $84 put at $0.43 (credit)

• 14 DTE
• prob ITM (assignment):  11.59%
• AMZN = $94.17

12/13/2022 (3 DTE)

buy back short put at $0.10 to remove the risk

PROFIT:  $33

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

Options trading : Amazon (AMZN) semi-bullish trade

   GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

12/1/2022

sell -1 Dec 16, 2022 $83 put at $0.32 (credit)

• 15 DTE
• prob ITM (assignment):  8.74%

12/13/2022 (3 DTE)

buy back short put at $0.05 to remove the risk

PROFIT:  $27

  GET WEEKLY TRADE IDEAS HERE.

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Options trading : Alphabet (GOOGL) semi-bullish trade

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12/12/2022

sell -1 Dec 16, 2022 $83 put at $0.11 (credit)

• 4 DTE
• FOMC press conference on 12/14
• prob ITM (assignment):  5.27%
• GOOGL = $92.18

12/16/2022 (expiration)

GOOGL closed at $90.26

my short put expired perfectly

PROFIT:  $11

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

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

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FREE OPTIONS TRADING LESSONS HERE.

12/14/2022 (12:50 pm, PT)

buy +1 Dec 15, 2022 4095 call at $1.05 (debit)

sell -1 Dec 15, 2022 4075 call at $2.40 (credit) 🠄🠄  9% prob ITM

• net credit: $1.35
• SPX = 3999.67
• FOMC at 11 am, PT
• 1 DTE

12/15/2022 (expiration)

buy back 4075 short call at $0.05 to remove the risk and take my profits

PROFIT:  $130 (overnight)

SPX settled at 3895.75 so my short call would have been fine . . . but who needs the stress?

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

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

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FREE OPTIONS TRADING LESSONS HERE.

12/2/2022

sell -1 Dec 9, 2022 $67.50 put at $0.80 (credit)

probability ITM (assignment):  30% (kind of high for a 7-day trade)

USO = $69.85

7 DTE

12/9/2022 (expiration)

USO traded around $62.85 all day, so my short put was in-the-money.

I chose to take the assignment instead of rolling the put because I want to sell covered calls against the ETF.

I do not intend to hold this ETF "forever."  My goal is to get "called away" within the next 3 months.

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Options trading : Alphabet (GOOGL) semi-bullish trade

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FREE OPTIONS TRADING LESSONS HERE.

11/28/2022

sell -1 Dec 9, 2022 $87 put at $0.21 (credit)

• probability ITM (assignment):  8.45%
• GOOGL = $95.80
• 11 DTE

12/9/2022 (expiration)

GOOGL closed at $92.83

my short put expired perfectly

PROFIT:  $21

   GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

Options trade : Amazon (AMZN) semi-bullish trade

    GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

11/29/2022

sell -1 Dec 9, 2022 $80 put at $0.18 (credit)

• probability ITM (assignment):  6% (low)
• AMZN = $92.22
• 10 DTE

12/8/2022 (1 day before exp)

buy back $80 short put at $0.01 to remove the risk

PROFIT:  $17 

This trade had a high probability of success and hence, the "small" premium.  However, that doesn't bother me.  I prefer to collect a small premium consistently with little stress.

   GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

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

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FREE OPTIONS TRADING LESSONS HERE.

11/28/2022

sell -1 Dec 2, 2022 $65 put at $0.80 (credit)

• probability ITM (assignment):  31.76% (high)
• USO = $67.02
• 4 DTE
• max profit: $80

12/2/2022 (expiration)

USO closed at $69.84

My short put expired perfectly

PROFIT:  $80 (in 4 days)  😀 

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Options trading : Amazon (AMZN) bullish trade

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FREE OPTIONS TRADING LESSONS HERE.

11/17/2022

sell -1 Dec 2, 2022 $83 put at $0.42 (credit)

• probability ITM (assignment): 10.73%
• AMZN = $94.78
• 15 DTE

12/2/2022 (expiration)

AMZN closed at $94.10

my short put expired perfectly

PROFIT:  $42

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

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

 

11/23/2022

sell -1 Dec 2, 2022 $58 put at $0.19 (credit)

• probability ITM (assignment): 7.65%
• USO = $67.38
• 9 DTE

12/2/2022 (expiration)

USO closed at $69.84

my short put expired perfectly

PROFIT:  $19

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

  GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

11/21/2022

sell (to open) -1 Nov 25, 2022 $65 put at $0.26 (credit)

• 4 DTE
• probability ITM (assignment): 14%

11/25/2022 (expiration)

USO closed at $66.96

my short put expired perfectly

PROFIT:  $26

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

 GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

11/16/2022

sell -1 Nov 25, 2022 $66 put at $0.23 (credit)

• probability ITM (assignment):  11%
• USO = $72.04
• 9 DTE
• max profit:  $23

11/25/2022 (expiration)

buy back short put at $0.01 (debit)

PROFIT:  $22

COMMENTS:

I decided to buy back my put because USO dipped down to $66.80 at one point.

At 10 am (PT) (expiration), USO closed at $66.96, so my short put would have been fine.

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Options trading : SPX semi-bearish trade

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FREE OPTIONS TRADING LESSONS HERE.

11/3/2022 (12:57:37 pm, PT)

buy +1 Nov 4, 2022 3925 call at $0.07 (debit)

sell -1 Nov 4, 2022 3835 call at $1.27 (credit)  🠈🠈  probability ITM 4.45%

• net credit:  $1.20
• SPX = 3718
• 1 DTE

11/4/2022 (8:34:48 am, PT)  🠈🠈 expiration

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

PROFIT:  $115 (in 1 day)

NOTE:

• at 7:41 am (PT), SPX hit a high of 3796.34 (not good)
• at the close, SPX settled at 3770.55 (+50.66 points)

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Options trading : Amazon (AMZN) semi-bullish trade

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FREE OPTIONS TRADING LESSONS HERE.

11/1/2022

sell -1 Nov 18, 2022 $83 put at $0.48

• 16 DTE
• oversold
• probability ITM (assignment):  11%
• AMZN =  $96.60

11/18/2022 (expiration)

AMZN closed at $94.14

My short put expired perfectly

PROFIT:  $48

GET WEEKLY TRADE IDEAS HERE!

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

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FREE OPTIONS TRADING LESSONS HERE.

10/28/2022

sell -1 Nov 4, 2022 $68 put at $0.23

• probability ITM (assignment):  12%
• 7 DTE

11/4/2022 (expiration)

USO closed at $76.82 (+ 3.53)

My short put expired "worthless"

PROFIT:  $23

GET WEEKLY TRADE IDEAS HERE!

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

   GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.

11/15/2022

sell -1 Nov 18, 2022 $69 put @ $0.17

• probability ITM (assignment): 11% (low)
• USO:  $73.26
• 3 DTE

11/18/2022 (expiration)

USO closed at $69.03!  (just 3 cents above my strike price!!)

My short put expired "worthless"

PROFIT:  $17

NOTE:  It was totally crazy at the end.  The "bid" was $0.03 and the "ask" was $0.09 with just seconds remaining until the closing bell.  My buy-to-close limit order of $0.01 never filled!  Because USO kept hovering around my strike price of $69, I was willing to take the assignment.  That's the reason I refused to spend $9 to buy back my short put option.

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Options trading : Alphabet (GOOGL) semi-bullish trade

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FREE OPTIONS TRADING LESSONS HERE.

10/31/2022

sell -1 Nov 4, 2022 $89 put at $0.22 (credit)

• probability ITM (assignment): 11%
• GOOGL:  $94.55
• 4 DTE

11/4/2022 (expiration)  🠈🠈  ROLL

buy (to close) 1 Nov 4 $89 put at $3.64

sell (to open) -1 Nov 18 $89 put at $4.69

net credit:  $1.05

Total credits received so far:  $1.27

NOTE:  I rolled my Nov 4 $89 put because I changed my mind regarding assignment.  I just wanted to give my trade two more weeks of time and collect another credit.

11/10/2022 (6:30 am, PT)  🠈🠈  8 DTE

buy back Nov 18 $89 put at $0.84 (debit)

NET PROFIT:  $40.35

NOTE:  I decided to buy back the Nov 18 put because I wanted to close the trade before expiration and walk away with a small profit.  The Universe gave me a second chance (i.e., GOOGL rose) so I took it.

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Options trading : ARK Innovation ETF (ARKK) semi-bearish trade

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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)

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Options trading : SPX credit call spread (bearish)

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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)

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