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Wednesday, April 8, 2015

Spiders (SPY) April Put Options

3/27/2015 (9:00:24 am, PT)

sell (to open) 10 April 2015  $197 puts @ $0.75 (credit)

probability of success:  83%


4/8/2015 (9:44:29 am, PT)

buy (to close) all 10 puts at $0.07 (debit)


NET PROFIT:  $650.47  (in 8 trading days)


Success!



SELL PUT OPTIONS and GET PAID immediately!
Learn on your own for FREE (watch my videos) or
Pay for 1-on-1 training (details here)

Thursday, April 2, 2015

Diamonds (DIA) April Ratio Put Spread

2/19/2015 (11:26:53 am, PT) FP

+2 April 2015  $178 puts at $3.32 (debit)
-4 April 2015  $174 puts at $2.24 (credit)

max credit:  $1.16 x 2 x 100 =  $232
"max" profit:  $232 + ($178 - $174) (2) (100) =  $1032

Why did I place this trade?
  • stochastics in overbought region


4/2/2015 (12:35:15 pm, PT)

sell (to close) the 2 long puts ($178) at $2.29
buy (to close) the 4 short puts ($174) at $0.95
(net debit of $0.39)

Why did I close this trade?
  • the net profit was higher than the original "credit" of $232
  • I had a "feeling" DIA would not close below $174 on expiration Friday 
  • TAKE PROFITS!

NET PROFIT:  $300.65

Success!


SELL PUT OPTIONS and GET PAID up front!
Learn on your own for FREE (watch my videos) or
Pay for 1-on-1 training (details here).

Monday, March 30, 2015

Lockheed Martin (LMT) April Put Options

3/12/2015 (9:52:39 am, PT)

sell (to open) 2 April 2015  $190 puts at $1.76

Why did I place this trade?
  • stochastics in oversold region
  • high implied volatility
  • 74% probability of success

3/30/2015 (6:39:48 am, PT)

buy (to close) both puts at $0.30

Why did I close this trade?
  • TAKE PROFITS!

NET PROFIT:  $285.89  (in 13 trading days)

Success!


SELL PUT OPTIONS and GET PAID immediately.
Learn on your own for FREE (watch my videos) or
Pay for 1-on-1 training (details here).

Friday, March 27, 2015

Gold ETF (GLD) Put Options

2/17/2015 (10:03:07 am, PT)

sold (to open) 2 March 13 2015  $114 puts at $1.35 (credit)


Reasons for placing this trade:
  • 63% probability of success
  • oversold region of stochastics (see chart)
  • I selected a "weekly" option so it could expire (hopefully) before the FOMC meeting on 3/18/2015


3/10/2015 (9:40:47 am, PT)

GLD was trading around $111, so my puts were in-the-money. (see chart)
With only 4 days left until expiration, I decided to ROLL my puts to April 2015 to avoid assignment.

Here's the roll:
  • buy (to close) 2 March 13 2015  $114 puts at $2.75
  • sell (to open) 2 April 2015 $114 puts at $3.97
net credit:  $1.22

If I had simply closed my ITM short puts on 3/10, it would have cost me $2.75.
Since my initial credit was $1.35, buying (to close) at $2.75 would have resulted in a loss of $280.
I don't like to lose money, so I ROLLED my puts to April and received another credit of $1.22.


3/27/2015 (11:29:57 am, PT)

buy (to close) both puts at $1.03 (debit)

GLD was back up to $115, so my April puts were finally out-of-the-money again.
I decided to buy (to close) my puts and TAKE MY PROFITS in case GLD dropped again.

On 3/27, GLD was in the overbought region of the stochastics and reversing back down from the 50 EMA (see chart).

TOTAL NET PROFIT:  $295.77


Success!




SELL PUT OPTIONS and GET PAID up front!
Learn on your own for FREE (watch my videos) or
Pay for 1-on-1 training (details here).

Thursday, March 26, 2015

SPY Put Options

3/24/2015 (9:10:20 am, PT)

buy (to open) 2 May 2015  $207 puts at $2.87 (debit)

Reason for placing this trade:  overbought region of stochastics


3/26/2015 (9:42:05 am, PT)

sell (to close) both puts at $5.08 (credit)

Reason for closing this trade:  TAKE PROFITS

NET PROFIT:  $431.88 (in TWO days)

Success!



Learn to trade PUT OPTIONS.
Learn on your own for FREE by watching my YouTube videos or
Pay for 1-on-1 training (details here).

Friday, March 20, 2015

Spiders (SPY) Ratio Put Spread

2/18/2015 (11:28:03 am, PT)  

+2 March 2015  $209 puts at $3.33
-4 March 2015  $206 puts at $2.34

Reasons for placing this trade:
  • SPY was in the "overbought" region of the stochastics, so I was semi-bearish
  • the $206 puts had a 63% probability of expiring OTM
  • I received an initial credit of $1.35 ($270)

Here's the lesson:
  • As long as SPY continues to rise and closes above $209 on 3/20 (expiration), I get to keep $270.
  • If SPY drops anytime between 2/18 and 3/20, I have the opportunity to sell (to close) my two long puts ($209 strike), take my profits, leave the four short puts "naked" and hope that SPY closes above $206 on 3/20 (exp).

What actually happened:
  • On 3/10/2015, my preset "sell-to-close" order for my two long puts ($209 strike) filled at $3.75.  It was sort of unfortunate because SPY continued to drop.
  • On 3/11, the $209 puts hit a high of $5.72, but I missed out because I had already sold my $209 puts.
  • On 3/20/2015 (expiration), my preset "buy-to-close" order for my four short puts ($206 strike) filled at $0.01.  Hurray!
  • SPY closed at $210.41 on 3/20 (exp), so it's a GOOD thing I had sold (to close) my two long puts on 3/10 and captured an extra $726.

TOTAL NET PROFIT:  $995.66

Success!



 SELL put options and GET PAID immediately!
Learn on your own for FREE at my YouTube Channel or
Pay for 1-on-1 training (details here).


Spiders (SPY) FOMC Trade

3/18/2015 (10:36:21 am, PT)

Note:  FOMC announcement at 11 am (PT)

-10 April 2015  $191 puts at $0.54

Probability of success:  90%
Maint. req:  $23848


3/20/2015 (9:39:42 am, PT)

buy to close all 10 puts at $0.17

NET PROFIT:  $354.50 in TWO DAYS!

Success!


SELL put options and GET PAID immediately!
Learn on your own for FREE at my YouTube Channel or
Pay for 1-on-1 training (details here).


Spiders (SPY) April Put Options

3/19/2015 (10:19:32 am, PT)

Note:  FOMC on 3/18 and Wall Street reacted positively

-10 April 2015  $198 puts at $0.74

probability of success:  86%
maint. req:  $31058 


3/20/2015 (9:39:18 am, PT)

buy to close all 10 puts at $0.38

NET PROFIT:  $344.50 in ONE DAY!


Success!



SELL PUT OPTIONS and GET PAID IMMEDIATELY.
Learn on your own for FREE at my YouTube Channel or
Pay for 1-on-1 training (details here).

Wednesday, March 18, 2015

SPY FOMC Trade

2/25/2015 (9:28:45 am, PT)  (top of stoch)

sold (to open) 10 April 2015  $198 puts at $1.07

probability of success:  84%
maint. req:  $29,558


3/18/2015 (12:16:34 pm, PT)  (1.25 hours after FOMC announcement)
SPY shot up $3.00 right after the FOMC!

buy (to close) all 10 puts at $0.52

NET PROFIT:  $534.50

Success!



SELL PUT OPTIONS and GET PAID IMMEDIATELY!
Learn on your own for FREE by watching my YouTube videos here or
Pay for customized, 1-on-1 training (click HERE for details).


Friday, February 20, 2015

Gold (GLD) Feb Bull Put Spread

12/29/2014 (11:59:47 am, PT)

This is a BULL PUT SPREAD (aka credit put spread)

-2 February 2015  $112 puts at $2.45
+2 February 2015  $111 puts at $2.09

Why did I place this trade?
  • stochastics in oversold region (see chart)
  • amount of capital required:  $200


2/13/2015 (6:57:23 am, PT)

buy (to close) the 2 short puts ($112 strike) at $0.04

Why?  
  • stochastics in oversold region (see chart)
  • to remove the risk of losing $$$ in case GLD continues lower and closes below $112 on expiration Friday
  • leaving the long put ($111 strike) open gives me the opportunity to make some extra $$$ if GLD plunges in the next 7 days


2/20/2015 (expiration)

GLD closed at $115.28 (see chart)

my long put expired "worthless"


NET PROFIT:  $53.83  (ROC 27% in 7.5 weeks)


Success!



SELL VERTICAL PUT SPREADS and GET PAID immediately.
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Spiders (SPY) Feb Ratio Put Spread

1/15/2015 (11:11:39 am, PT)

SPY was trading between $199.48 and $199.60 at the time

THIS IS A RATIO PUT SPREAD

+2 February 2015  $199 puts at $4.57
-4 February 2015  $197 puts at $3.87

max credit:  $634
max potential profit:  $1034


2/13/2015 (6:44:09 am, PT)
  • buy to close 2 February 2015  $197 puts at $0.04 to remove the risk
  • leave 197/199 debit put spread open for the potential to make more $$$

2/20/2015 (expiration Friday)

SPY closed at $211.24
debit put spread expired "worthless"

NET PROFIT:  $614.26


Success!



SELL RATIO PUT SPREADS and GET PAID immediately!
Learn on your own for FREE by watching my YouTube videos here or
Pay for 1-on-1 training (details here).

Spiders (SPY) Feb Ratio Put Spread

1/15/2015 (12:55:33 pm, PT) FP

this is a RATIO PUT SPREAD

+1 February 2015  $199 put at $4.73
-2 February 2015  $198 puts at $4.35

max credit:  $3.97 ($397)
max potential profit:  $497


2/17/2015 (6:30 am, PT)
  • buy to close 1 February $198 put at $0.03 to remove the risk
  • leave the 198/199 debit spread open for the potential to make more $$

2/20/2015 (expiration)

SPY closed at $211.24, so the 198/199 debit spread expired "worthless"


NET PROFIT:  $383.67


Success!



SELL PUT OPTIONS and GET PAID immediately!
Learn on your own for FREE by watching my YouTube videos here or
Pay for 1-on-1 training (details here).

Thursday, February 19, 2015

QQQ March Put Options

2/2/2015 (10:16:12 am, PT)  FP

-2 March 2015  $94 puts at $1.12

(QQQ was trading between $100.74 and $100.87 at the time)


2/19/2015 (11:19:28 am, PT)

buy to close puts at $0.10 and TAKE PROFITS

NET PROFIT:  $200.89 (in 17 days)

Success!


SELL PUT OPTIONS and GET PAID immediately!
Learn on your own for FREE by watching my YouTube videos here or
Pay for 1-on-1 training (details here).

Lockheed Martin (LMT) March Put Options

1/29/2015 (10:05:07 am, PT)

-1 March 2015  $180 put at $2.80

Why did I place this trade?




2/19/2015 (10:13:51 am, PT)

buy to close at $0.30

NET PROFIT:  $246.93
Success!




SELL PUT OPTIONS and GET PAID immediately!
Learn on your own for FREE by watching my YouTube videos here or
Pay for 1-on-1 training (details here).

Wednesday, February 18, 2015

Spiders (SPY) Feb Put Options

1/12/2015 (12:59:25 pm, PT)

-1 February 2015 $200 put at $3.49

Why did I place this trade?
  • stochastics in oversold region [see chart]
  • probability of success:  57%


2/18/2015 (12:03:15 pm, PT)

buy to close put at $0.02

NET PROFIT:  $345.43
Success!



SELL PUT OPTIONS and GET PAID immediately!
Learn on your own for FREE by watching my YouTube videos here or
Pay for 1-on-1 training (details here).

SPY Feb Put Options

1/9/2015 (11:21:43 am, PT)

-1 February 2015 $201 put at $3.10

Why did I place this trade?
  • stochastics in oversold region (see chart)
  • probability of success:  60%


2/18/2015 (11:42:21 am, PT)

buy to close put at $0.03

Why did I close my position?
  • stochastics in overbought region (see chart)
  • three days left until expiration (anything can happen)
  • TAKE PROFITS!

NET PROFIT:  $299.18                               
Success!




SELL PUT OPTIONS and GET PAID immediately!
Learn on your own for FREE by watching my YouTube videos here or
Pay for 1-on-1 training (details here).

Tuesday, February 17, 2015

Spiders (SPY) Feb Put Options

1/9/2015 (12:52:56 pm, PT)  FP

-2 February 2015 $197 puts at $2.17

Why did I place this trade?
  • Slow stochastics heading back up (see chart)
  • Probability of success =  71%


2/17/2015 (6:30:02 am, PT)

buy to close both puts at $0.03


NET PROFIT:   $418.44                         
Success!



SELL PUT OPTIONS and GET PAID immediately!
Learn on your own for FREE by watching my YouTube videos here or
Pay for 1-on-1 training (details here).

Friday, February 13, 2015

SPY Put Options

2/11/2015 (11:16:39 am, PT)  [Wednesday]

sell (to open) 10 March 13, 2015 $195 puts at $1.02
(this is a "weekly" option)

probability of success:  83%


2/13/2015 (11:30:36 am, PT)  [Friday]

buy (to close) all 10 puts at $0.49

NET PROFIT:  $514.50  in THREE DAYS!!!
(ROC 1.82% in 3 days!)
Success!




SELL PUT OPTIONS and GET PAID IMMEDIATELY!
Learn on your own for FREE (watch my videos) or
Pay for 1-on-1 training (details here).

Wednesday, February 11, 2015

Spiders (SPY) Feb Put Options

1/9/2015 (12:50:02 pm, PT)  FP

-3 February 2015 $190 puts at $1.17

Why did I place this trade?

  • Slow stochastics heading back up (see chart)
  • Probability of success = 83%


2/11/2015 (1:00:38 pm, PT)

buy to close all 3 puts at $0.04

NET PROFIT:  $328.63
 



SELL PUT OPTIONS and GET PAID immediately!
Learn on your own for FREE by watching my YouTube videos here or
Pay for 1-on-1 training (details here).

Tuesday, February 10, 2015

QQQ February Puts

1/15/2015 (12:56:51 pm, PT) LL

-1 February 2015 $98 put at $2.02

Why did I place this trade?
  • stochastics in "oversold" region (see chart)
  • "triple bottom" (possible support?) (see chart)
  • high implied volatility (= high premiums)
  • probability of success = 60%


2/10/2015 (12:29:37 pm, PT)

my "buy to close" limit order filled at $0.05 even though the "mid" was $0.065!
(I guess a market maker decided to take his/her $5.00 before the price dropped further!)

Why did I close my trade?
  • price at top of range (see chart)
  • stochastics in "overbought" region (see chart)
  • TAKE PROFITS!


NET PROFIT:  $195.43  (ROC 1.99% in 3.5 weeks)


Success!






SELL PUT OPTIONS and GET PAID immediately!
Learn on your own for FREE (visit my YouTube Channel) or
Pay for 1-on-1 training (details here).