Follow me on Twitter!

Wednesday, October 5, 2016

SPY Put Options

Wed. 9/28/2016 (8:02:18 am, PT)

sell (to open) -10 Oct 7, 2016  $211 puts at $0.61

Why did I place this trade?
  • 78% probability of success
  • 9 days 'til expiration


Fri. 9/30/2016 (9:40 am, PT)

buy back all puts at $0.23

PROFIT:  $380 (in TWO days!)

SUCCESS!


SPY Put Options

Wed. 9/14/2016 (12:23:27 pm, PT)

sell (to open) -1 Oct 21, 2016  $208 put at $2.96

Why did I place this trade?
  • stochastics in oversold region
  • 64% probability of success
  • 37 days 'til expiration


Wed. 10/5/2016 (8:45:09 am, PT)

buy back put at $0.44

PROFIT:  $252


SUCCESS!




SPY Put Options

Tue. 8/30/2016 (11:09:25 am, PT)

sell (to open) -1 Oct 5, 2016  $214 put at $2.23

Why did I place this trade?
  • stochastics in oversold region
  • 63% probability of success
  • 36 days 'til expiration

Wed. 10/5/2016 (6:30 am, PT)

buy back put at $0.08 (my preset closing order filled at Opening Bell)

PROFIT:  $215


SUCCESS!




Monday, October 3, 2016

QQQ Put Options

Tue. 8/30/2016 (10:41:54 am, PT)

sell -1 Oct 7, 2016  $115 put at $1.60

Why did I place this trade?

  • stochastics in oversold region
  • 60% probability of success

Mon. 10/3/2016 (12:46:40 pm, PT)

buy back put at $0.05

PROFIT:  $155

SUCCESS!



Wednesday, August 24, 2016

Gold (GLD) Put Options

Thu. 8/11/2016 (10:17:35 am, PT)

sold -10 Aug 2016  $127 puts at $0.50

Why did I place this trade?
  • stochastics in the middle
  • 8 days 'til expiration (DTE)
  • 69% probability of success

Fri. 8/19/2016 (6:47:57 am, PT)  Expiration Day

my preset closing order at $0.01 filled 17 minutes after the Opening Bell

PROFIT:  $490 (in one week)

SUCCESS!


Spiders (SPY) Put Options

Wed. 8/17/2016 (11:27:19 am, PT)

sold -10 Aug 26 2016  $214.50 puts at $0.44

credit received:  $440

Why did I place this trade?
  • FOMC released its minutes at 11 am
  • 9 days 'til expiration (DTE)

Fri. 8/19/2016 (1:02:25 pm, PT)

bought back puts at $.20 (50% of max credit)

PROFIT:  $240 (in 3 days)


SUCCESS!





Whole Foods (WFM) Put Options

Tue. 8/9/2016 (11:17:42 am, PT)

sold -4 Sept 2016  $30 puts at $0.65

Why did I place this trade?
  • stochastics in oversold region
  • 38 days 'til expiration (DTE)
  • 57% probability of success

Tue 8/23/2016 (6:30:27 am, PT)

bought back puts at $0.28

PROFIT:  $148 (in 2 weeks)

SUCCESS!


Wal-Mart Pre-earnings Play

Mon. 8/15/2016 (11:17:34 am, PT)

sold -1 Aug 2016  $72 put at $0.99

credit received:  $99

Why did I place this trade?
  • stochastics near the middle but dropping
  • down day
  • earnings announcement on 8/18 (before market open)
  • 4 days 'til expiration (DTE)

Thur. 8/18/2016 (6:30:15 am, PT)

my preset closing order at $0.05 filled at the Opening Bell (earnings were released at 4 am, PT)

PROFIT:  $94  (in 3 days)

SUCCESS!

Whole Foods (WFM) Put Options

Friday, 8/5/2016 (11:05:12 am, PT) RD

sold -1 Sept 2016  $30 put at $0.79

credit received:  $79

Why did I place this trade?
  • stochastics in oversold region
  • 42 days 'til expiration (DTE)
  • 54% probability of success

Wednesday, 8/24/2016 (9:20:08 am, PT)

bought back puts at $0.26

PROFIT:  $53


SUCCESS!


Thursday, August 11, 2016

Industrials ETF (XLI) Put Options

Wed. 8/3/2016 (10:16:25 am, PT)  RD

sold -1 Sept 2016  $57 put at $0.94

Why did I place this trade?
  • stochastics in oversold region
  • 57% probability of success
  • 44 days 'til expiration

Thu. 8/11/2016 (10:31:44 am, PT)

bought back put at $0.44 (50% of max profit)

PROFIT:  $50 (in one week)

SUCCESS!


Wednesday, August 10, 2016

Disney (DIS) Earnings Play

Tue. 8/9/2016 (12:58:51 pm, PT)

sold -1 Aug 12, 2016  $96 put at $1.37

Comments:
  • This was an "earnings play"
  • I don't mind owning DIS stock, so my short put was almost at-the-money


Wed. 8/10/2016 (10:47:11 am, PT)

bought back put at $0.05

PROFIT:  $132 (in ONE DAY!)

SUCCESS!


Tuesday, August 9, 2016

Gold (GLD) Calls

Wed. 8/3/2016 (12:48:22 pm, PT)  FP

sold -10 Sept 2016  $135 calls at $1.04

Why did I place this trade?
  • stochastics in overbought region (SEE CHART)
  • 77% probability of success
  • 44 days 'til expiration (DTE)

Tue. 8/9/2016 (9:50:50 am, PT)

bought back calls at $0.47

PROFIT:  $570 (in 6 days!)

SUCCESS!

Friday, July 29, 2016

Gold (GLD) Put Options

Thu. 7/21/2016 (8:57:37 am, PT)  FP

sold -5 Aug 2016  $124 puts at $1.11

Why did I place this trade?
  • stochastics in oversold region
  • 79% probability of success

Fri. 7/29/2016 (9:08:53 am, PT)

buy back all puts at $0.31

NET PROFIT:  $384.74 (in 1 week)

Success!


Energy ETF (XLE) Put Options

Thursday, 7/28/2016 (9:37:05 am, PT)  RD

sell (to open) -2 Sept 2016  $64 puts at $1.23

Why did I place this trade?
  • stochastics in oversold region
  • 65% probability of success

Friday, 7/29/2016 (12:11:17 pm, PT)

buy back both puts at $0.92

Why did I close my position?
  • take profits
  • I changed my mind about the trade

NET PROFIT:  $55.89 (in ONE DAY)

Success!


Gold (GLD) Custom Ratio Spread

Wed. 7/20/2016 (11:58:07 am, PT)  RD

sell to open -3 Aug 2016  $123 puts at $1.14667 (31% prob ITM)
buy to open +1 Aug 2016  $120 put at $0.48
  • net credit received:  $2.96 (or $296)

Why did I place this trade?
  • stochastics in oversold region
  • 69% probability of success
  • long put is "insurance"

Fri. 7/29/2016 (12:04:39 pm, PT)

buy to close the 3 short puts at $0.18
sell to close the 1 long put at $0.06
  • net debit spent:  $0.48 (or $48)

PROFIT:  $248 (in 9 days)

Success!

Gold (GLD) Put Options

Fri. 7/22/2016 (9:26:45 am, PT)  FP

sold -2 Aug 2016  $123 puts at $1.08

Why did I place this trade?
  • stochastics in oversold region
  • 70% probability of success

Fri. 7/29/2016 (11:26:55 am, PT)

buy back all puts at $0.19

NET PROFIT:  $171.89 (in 1 week)

Success!


Gold (GLD) Put Options

Friday, 7/22/2016 (11:14:55 am, PT)  RD

sold -1 Aug 2016  $123 put at $1.03

Why did I place this trade?
  • stochastics in oversold region
  • 71% probability of success

Friday, 7/29/2016 (8:58:14 am, PT)

buy back put at $0.23

NET PROFIT:  $76.93 (in 1 week)

Success!

Expedia (EXPE) Earnings Play

Thu. 7/28/2016 (12:47:53 pm, PT)

sold -1 July 29, 2016  $110 put at $1.20

Why did I place this trade?
  • earnings announcement at 1 pm (PT)
  • "expected move" = up or down $8.82 (EXPE closed at $119.27 right before the earnings announcement)

Fri.  7/29/2016 (10:43:19 am, PT) (expiration)

bought back put at $0.02 to remove the risk

NET PROFIT:  $116.44 (in ONE DAY)

Success!


Gold (GLD) Put Options

Thursday, 7/28/2016 (10:11:04 am, PT)  FP

sold -5 Aug 2016  $123.50 puts at $0.56

Why did I place this trade?
  • stochastics in oversold region
  • 79% probability of success

Friday, 7/29/2016 (9:09:47 am, PT)

buy back all puts at $0.26

NET PROFIT:  $134.75 (in ONE day)

Success!

Thursday, July 28, 2016

Gold (GLD) Put Options

Thursday, 7/21/2016 (11:27:41 am, PT)

sell to open -10 July 29, 2016  $123.50 puts at $0.28

Why did I place this trade?
  • stochastics in oversold region
  • 84% probability of success (high)
  • 8 days 'til expiration
  • weekly income


Thursday, 7/28/2016 (10:48:42 am, PT)

buy to close all 10 puts at $0.01

PROFIT:  $270 (in 7 days)

Success!