FREE OPTIONS TRADING LESSONS HERE.
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
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)
FREE OPTIONS TRADING LESSONS HERE.
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%)
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)
FREE OPTIONS TRADING LESSONS HERE.
9/15/2022 (11:48 am, PT)
sell -1 Sep 16, 2022 $100 put at $0.20 (credit)
9/16/2022 (Expiration)
GOOGL closed at $102.80
My short put expired perfectly
PROFIT: $20
FREE OPTIONS TRADING LESSONS HERE.
9/8/2022
sell -1 Sep 16, 2022 $97 put at $0.16 (credit)
9/16/2022 (Expiration)
GOOGL = $102.80
My short put expired perfectly
PROFIT: $16
FREE OPTIONS TRADING LESSONS HERE.
9/6/2022
sell -1 Sep 6, 2022 $100 put at $0.07 (credit)
9/13/2022
buy back short put at $0.01
PROFIT: $6.00
FREE OPTIONS TRADING LESSONS HERE.
9/12/2022
sell -1 Sep 16, 2022 $103 put at $0.18 (credit)
9/16/2022 (12:56:47 pm, PT) 🠜🠜 EXPIRATION
buy back short put at $0.18
GOOGL was really volatile all day today. I did not want to get assigned or roll my put, so I closed it at the break-even price when I had the opportunity.
PROFIT/LOSS = 0
NOTE: GOOGL closed at $102.80 at expiration, so it's a good thing I closed my short put at $0.18.
FREE OPTIONS TRADING LESSONS HERE.
Tue. 8/16/2022
sell -1 Sep 2, 2022 $109 put at $0.22 (credit)
Fri. 9/2/2022 (Expiration) 🠜 ROLL
Earlier in the morning, my short put traded at $0.04, but I missed it.
By the end of the trading session, GOOGL dropped to $107.88 and my short put went ITM.
I did not want to get assigned, so I ROLLED my put to the following expiration cycle.
Here is the ROLL:
buy (to close) Sep 2 $109 put at $1.31 (debit)
sell (to open) Sep 9 $109 put at $2.51 (credit)
The ROLL gave me a net credit of $1.20
I will break even if I buy back the Sep 9 $109 put at $1.42 ($0.22+ $1.20)
Fri. 9/9/2022 (Expiration)
GOOGL closed at $110.65
My Sep 9 $109 short put expired perfectly
TOTAL PROFIT: $142
FREE OPTIONS TRADING LESSONS HERE.
9/6/2022
sell -1 Sept 9, 2022 $67 put at $0.17 (credit)
9/9/2022 (Expiration)
buy back short put at $0.02
PROFIT: $15
NOTE: USO closed at $71.10, so my short put would have been fine.
FREE OPTIONS TRADING LESSONS HERE.
8/31/2022
sell -1 Sep 9, 2022 $97 put at $0.14 (credit)
9/9/2022 (Expiration)
GOOGL closed at $110.65
My short put expired perfectly
PROFIT: $14
FREE OPTIONS TRADING LESSONS HERE.
8/26/2022
sell -1 September 2, 2022 $101 put at $0.11
9/2/2022 (expiration)
GOOGL = $107.91
My short put expired perfectly
PROFIT: $11
FREE OPTIONS TRADING LESSONS HERE.
7/26/2022 (12:54:37 pm, PT)
sell -1 August 26, 2022 $90 put at $1.15
8/26/2022 (Expiration)
GOOGL closed at $110.12 (down 6.53!)
My short put expired perfectly
PROFIT: $115
FREE OPTIONS TRADING LESSONS HERE.
8/16/2022
sell -1 August 26, 2022 $60 put at $0.18
8/26/2022 (Expiration)
USO closed at $75.85
My short put expired perfectly
PROFIT: $18
FREE OPTIONS TRADING LESSONS HERE.
8/17/2022
sell -1 August 26, 2022 $108.50 put at $0.10
prob ITM: 4.18% (high probability of success)
8/26/2022 (Expiration)
GOOGL closed at $110.05 (down $6.60!)
My short put expired perfectly
PROFIT: $10
FREE OPTIONS TRADING LESSONS HERE.
7/26/2022
sell -1 August 26, 2022 $32 put at $0.40
8/26/2022 (Expiration)
CAG closed at $34.91
My short put expired perfectly
PROFIT: $40
FREE OPTIONS TRADING LESSONS HERE.
8/4/2022
sell -1 August 19, 2022 $104 put at $0.22
8/19/2022 (expiration)
GOOGL = $117.21
My short put expired perfectly
PROFIT: $22
FREE OPTIONS TRADING LESSONS HERE.
5/13/2022
buy +1 June 17, 2022 $180 call at $0.28 (prob ITM 3.65%)
sell -1 June 17, 2022 $167 call at $1.34 (prob ITM 14.69%)
6/17/2022 (Expiration)
XLY = $136.10
My call spread expired perfectly
PROFIT: $106
FREE OPTIONS TRADING LESSONS HERE.
5/25/2022 (11:02 am, PT) 🠄 2 minutes after FOMC minutes were released
buy +1 July 1, 2022 $168 call at $0.35 (prob ITM 5%)
sell -1 July 1, 2022 $156 call at $1.45 (prob ITM 16%)
6/13/2022
buy back entire call spread at $0.50 (debit) 🠜 🠜 50% of "max profit"
I usually close my spreads when my profit reaches 50% of "max profit"
It is NEVER a good idea to hold these types of trades all the way until expiration!
PROFIT: $60
FREE OPTIONS TRADING LESSONS HERE.
7/28/2022 (11:56:32 pm, PT)
sell -1 August 5, 2022 $101 put at $0.24
8/5/2022 (Expiration)
AMZN = $140.80
My short put expired perfectly
PROFIT: $24
FREE OPTIONS TRADING LESSONS HERE.
8/5/2022
sell -1 August 12, 2022 $45 put at $0.02
8/12/2022 (Expiration)
USO = $74.99
My short put expired perfectly
PROFIT: $2.00
FREE OPTIONS TRADING LESSONS HERE.
8/5/2022
sell -1 August 12, 2022 $106 put at $0.05
8/12/2022 (Expiration)
GOOGL = $121.51
My short put expired perfectly
PROFIT: $5