In this video, I demonstrate how to make approximately
$2,000 each month in a $10,000 account
(these are not trade recommendations
and there are no guarantees)
Saturday, July 8, 2023
Saturday, May 27, 2023
Options trading : US Oil Fund ETF (USO) "Options Wheel" strategy
FREE OPTIONS TRADING LESSONS HERE.
12/2/2022
sell -1 Dec 9, 2022 $67.50 put at $0.80
- 7 DTE
- prob ITM (assignment): 30%
- USO = $69.85
12/9/2022 (expiration)
USO closed at $62.85, so my short put was ITM
I got assigned 100 shares at $67.50
I then sold (to open) one Jan 13, 2023 call option with a strike price of $67.50.
1/13/2023
USO closed above $67.50, so my covered call got assigned.
I sold (to close) my 100 shares of USO at $67.50
TOTAL PROFIT: $330
FREE OPTIONS TRADING LESSONS HERE.
Friday, April 21, 2023
Options trading : US Oil Fund ETF (USO) semi-bullish trade
FREE OPTIONS TRADING LESSONS HERE.
4/18/2023
sell -1 April 21, 2023 $68 put at $0.14 (credit)
- 3 DTE
- USO = $70.76
- prob ITM/assignment: 12.37% (low)
4/21/2023 (expiration)
USO closed at $68.22
My short put expired perfectly
PROFIT: $14
Tuesday, March 28, 2023
Options trading : US Oil Fund ETF (USO) semi-bullish trade and Assignment
FREE OPTIONS TRADING LESSONS HERE.
Friday, 3/24/2023 (11:16 am, PT)
sell -1 March 24, 2023 $61 put at $0.16 (credit)
- 0 DTE (expires in less than 2 hours)
- prob ITM/assignment: 39% (high)
- USO = $61.20
Friday, 3/24/2023 (1 pm, PT) 🠈🠈 expiration
- USO closed at $60.96
- My short put was in-the-money by $0.04
- I could have tried to buy back my short put to avoid assignment, but the bid/ask spread was over $0.10
- I chose to take the assignment
- I had to buy 100 shares of USO at $61/share
Monday, 3/27/2023
USO jumped over $3/share, so I sold my 100 shares at $64.05 and took a quick profit.
TOTAL PROFIT: $321 (in 2 trading days)
Friday, March 24, 2023
Options trading : US Oil Fund ETF (USO) semi-bullish trade
FREE OPTIONS TRADING LESSONS HERE.
Monday, 3/13/2023
sell -1 March 17, 2023 $60 put at $0.17 (credit)
- 4 DTE
- prob ITM/assignment: 9.59%
- USO = $65.38
Friday, 3/17/2023 (expiration)
USO closed at $58.66, so I got assigned 100 shares of USO at $60/share
Monday, 3/20/2023
sell -1 March 24, 2023 $60 call at $1.42 (credit)
- 4 DTE
- prob ITM/assignment: 66%
NOTE: I generally don't like to sell covered calls because they limit the upside potential. In this case, however, I decided I would be OK if I got "called away" (sell my shares) at $60 because that was my put-assignment price. I collected $142 for the call option plus another $17 for the original short put.
My covered call expires on Friday, March 24 . . . stay tuned . . .
Friday, 3/24/2023 (expiration)
USO closed at $60.96
My covered call ended up in-the-money, so I had to sell my 100 shares at the strike price of $60/share
TOTAL PROFIT: $159
NOTE:
On 3/23/2023, USO hit a high of $63.
If I did NOT have this covered call, I could have sold my 100 shares at $63 and made a profit of $300. BUT, I had the covered call, so I was "stuck."
That's the reason I don't like to sell covered calls.
Options trading : Amazon (AMZN) semi-bullish trade
FREE OPTIONS TRADING LESSONS HERE.
2/24/2023
sell -1 March 24, 2023 $80 put at $0.59 (credit)
- 28 DTE
- "oversold"
- prob ITM/assignment: 12.34% (low)
- AMZN = $93.07
3/24/2023 (expiration)
AMZN closed at $98.13
my short put expired
PROFIT: $59
FREE OPTIONS TRADING LESSONS HERE.
Options trading : US Oil Fund ETF (USO) semi-bullish trade
FREE OPTIONS TRADING LESSONS HERE.
3/24/2023 (11:16 am, PT)
sell -1 March 24, 2023 $61 put at $0.16 (credit)
- 0 DTE
- prob ITM/assignment: 39% (high)
- USO = $61.20
later that day . . .
USO closed at $60.96 at 1 pm, PT, so my short put was in-the-money by exactly $0.04!
I could have TRIED to buy back my put at $0.04 to avoid assignment, but I chose not to do that.
Options trading : US Natural Gas ETF (UNG) semi-bullish trade
FREE OPTIONS TRADING LESSONS HERE.
3/23/2023
sell -1 March 24, 2023 $7 put at $0.07 (credit)
- 1 DTE
- prob ITM/assignment: 30% (average)
- UNG = $7.19
3/24/2023 (expiration)
UNG closed at $7.33
put option expired
PROFIT: $7.00
Thursday, March 23, 2023
Options trading : US Oil Fund ETF (USO) semi-bullish trade
FREE OPTIONS TRADING LESSONS HERE.
Wed. 3/8/2023 (12:34 pm, PT)
sell -1 March 17, 2023 $60.50 put at $0.10 (credit)
- 9 DTE
- prob ITM/assignment: 6.18% (very low!)
- USO = $67.12 (-0.73)
Fri. 3/17/2023 (expiration)
USO closed at $58.66
My short put ended up "in-the-money," so I got assigned 100 shares at $60.50/share
Wed. 3/22/2023
I sold my 100 shares of USO at $62.50 ($2 higher than my assignment price)
TOTAL PROFIT: $10 (put premium) + $200 (100 shares) = $210
NOTE:
Notice that the probability of assignment for the March 17 put was only 6.18%, but I still got assigned. In this case, the trade worked out nicely because USO rose after I got assigned. Thus, I was able to make a nice profit in a very short time.
Options trading : Campbell Soup Co (CPB) semi-bullish trade
FREE OPTIONS TRADING LESSONS HERE.
2/3/2023
sell -1 March 17, 2023 $45 put at $0.25 (credit)
- CPB = $50.88
- prob ITM/assignment: 12%
- 42 DTE
- "oversold"
3/17/2023 (expiration)
CPB closed at $53.38
Put option expired
PROFIT: $25
Options trading : Alphabet (GOOGL) semi-bullish trade
FREE OPTIONS TRADING LESSONS HERE.
3/7/2023
sell -1 March 17, 2023 $87 put at $0.27 (credit)
- 10 DTE
- GOOGL = $93.84 (-1.29)
- prob ITM/assignment: 11%
3/17/2023 (expiration)
GOOGL closed at $101.62
my short put expired
PROFIT: $27
Friday, March 10, 2023
Options trading : Alphabet (GOOGL) semi-bullish trade
FREE OPTIONS TRADING LESSONS HERE.
2/2/2023
sell -1 March 10, 2023 $89 put at $0.52 (credit)
- GOOGL = $106.44
- probability ITM/assignment = 9.71% (low)
- margin requirement: $455
- 36 DTE
3/8/2023 (2 DTE)
buy back short put at $0.02 (debit)
PROFIT: $50
Options trading : Amazon (AMZN) semi-bullish trade
FREE OPTIONS TRADING LESSONS HERE.
2/24/2023
sell -1 March 10, 2023 $82 put at $0.23 (credit)
- 14 DTE
- AMZN = $92.78 (-3.04)
- probability ITM/assignment = 7.73% (low)
3/10/2023 (expiration)
AMZN closed at $90.73
my short put expired perfectly
PROFIT: $23
Options trading : Alphabet (GOOGL) semi-bullish trade
FREE OPTIONS TRADING LESSONS HERE.
2/24/2023
sell -1 March 10, 2023 $81 put at $0.25 (credit)
- 14 DTE
- GOOGL = $88.98 (-1.91)
- probability ITM/assignment = 9.65% (low)
3/10/2023 (expiration)
GOOGL closed at $90.63
my short put expired perfectly
PROFIT: $25
Monday, March 6, 2023
Options trading : US Oil Fund ETF (USO) semi-bullish trade
FREE OPTIONS TRADING LESSONS HERE.
2/27/2023
sell -1 March 10, 2023 $61 put at $0.25 (credit)
- 11 DTE
- USO = $66.27
- probability ITM/assignment: 12.35% (low)
3/16/2023 (12:25 pm, PT)
with 4 days left until expiration, I decided to buy back my short put, take my profits and remove the risk of assignment.
I bought back my put for $0.01 (debit)
PROFIT: $24 (in 7 days)
Friday, March 3, 2023
Options trading : US Oil Fund ETF (USO) semi-bullish trade
FREE OPTIONS TRADING LESSONS HERE.
1/30/2023
sell -1 Feb 3, 2023 $66 put at $0.40 (credit)
- 4 DTE
2/3/2023 (expiration)
At 7:27 am (PT), I bought back my short put at $0.01 (debit).
It's a good thing I did that because at expiration, USO closed at $64.40 (below my strike price!).
PROFIT: $39
Options trading : Alphabet (GOOGL) semi-bullish trade
FREE OPTIONS TRADING LESSONS HERE.
2/22/2023
sell -1 March 3, 2023 $85 put at $0.23 (credit)
- GOOGL = $91.67
- 10 DTE
- prob ITM/assignment: 10% (low)
3/3/2023 (expiration)
GOOGL closed at $93.65
my short put expired perfectly
PROFIT: $23
Options trading : Alphabet (GOOGL) semi-bullish trade
FREE OPTIONS TRADING LESSONS HERE.
2/3/2023
sell -1 March 3, 2023 $88 put at $0.24 (credit)
- GOOGL = $104.38 (-3.36)
- prob ITM/assignment = 6%
- 28 DTE
3/2/2023 (1 DTE)
buy back short put at $0.01 to remove the risk
PROFIT: $23
Options trading : Amazon (AMZN) semi-bullish trade
FREE OPTIONS TRADING LESSONS HERE.
2/21/2023
sell -1 March 3, 2023 $85 put at $0.22 (credit)
- AMZN = $94.57 (-2.63)
- "oversold"
- 10 DTE
- prob ITM/assignment: 8% (very low)
3/3/2023 (expiration)
AMZN closed at $94.90
my short put expired perfectly
PROFIT: $22
Options trading : Alphabet (GOOGL) semi-bullish trade
FREE OPTIONS TRADING LESSONS HERE.
2/21/2023
sell -1 March 3, 2023 $83 put at $0.17 (credit)
- GOOGL = $92.08 (-2.26)
- prob ITM/assignment: 6.76% (very low)
- 10 DTE
3/3/2023 (expiration)
GOOGL closed at $93.65
My short put expired perfectly
PROFIT: $17
Subscribe to:
Posts (Atom)