Tue. 6/20/2017 (12:59:57 pm, PT)
sold short -2 Aug 18, 2017 $134 puts at $1.57
probability of success: 71%
Fri. 6/23/2017 (10:39:40 pm, PT)
bought back puts at $1.05
PROFIT: $104 (in 3 days)
SUCCESS!
Tue. 6/6/2017 (12:49:56 pm, PT)
sold short -1 July 7, 2017 $236 put option at $0.92
probability of success: 80% (high)
Mon. 6/19/2017 (6:38:24 am, PT)
bought back put option at $0.30
PROFIT: $62
SUCCESS!
Thu. 5/25/2017 (9:01:47 am, PT)
sold short -2 July 21, 2017 $122 calls at $1.15
- probability of success: 67%
- stochastics: overbought
Wed. 6/14/2017 (12:44:55 pm, PT)
bought back calls at $0.82
PROFIT: $66
Comment: This had been a difficult trade, so I decided to close it, take my profits and move on to the next trade.
Friday, 5/26/2017 (10:51:50 am, PT) FP
sold short -1 July 5, 2017 2350 put at $10.40
- credit received: $1040
- probability of success: 78%
- 40 days 'til expiration
Monday, 6/5/2017 (7:42:52 am, PT)
buy to close put at $5.10
PROFIT: $530
Why did I close the trade?
Answer: I got 51% of max profit in just 10 days
SUCCESS!
Fri. 5/12/2017 (10:20:25 am, PT)
sold short -2 June 7, 2017 2330 puts at $7.40
probability of success: 80%
Fri. 5/12/2017 (12:40:22 pm, PT)
bought back puts at $6.80
PROFIT: $120 (in 2 hours and 20 minutes)
SUCCESS!
Thu. 5/11/2017 (8:40:02 am, PT)
sold short -2 May 31, 2017 2335 puts at $6.50
probability of success: 80%
Thu. 5/11/2017 (10:51:49 am, PT)
bought back puts at $5.40
PROFIT: $220 (in 2 hours!)
SUCCESS!
Wednesday, 4/19/2017 (9:14:21 am, PT)
sold -1 May 5, 2017 2285 put at $7.50
- credit received: $750
- probability of success: 80%
Monday, 4/24/2017 (6:52:38 am, PT)
bought back put at $2.20
PROFIT: $530
SUCCESS!
Tuesday, 4/18/2017 (9:59:35 am, PT)
sold -1 April 24, 2017 2285 put at $5.30
- credit received: $530
- probability of success: 82.40%
Comment: The "implied volatility" was very high on 4/18. That's why I was able to collect $5.30 for a one-week option with a 82.40% probability of expiring OTM. That was pretty amazing.
So .... the next time you see opportunities like this, jump in and sell some OTM put options.
"How do I sell put options?" you might ask.
Watch my FREE videos HERE.
Monday, 4/24/2017 (6:37:37 am, PT)
bought back put at $0.05
Comment: I decided to go ahead and buy back my put for 5 cents just to be safe.
PROFIT: $525 (in 5 trading days)
SUCCESS!
Friday, 4/21/2017 (12:58:06 pm, PT)
sold -2 April 24, 2017 2280 puts at $2.55
- credit received: $510
- probability of success: 90% (very, very high)
Comment: The put premiums were EXTREMELY high on 4/21 due to the elevated "implied volatility." Normally, a ONE-DAY option with a 90% probability of expiring OTM would not be trading at $2.55! It was amazing!
So ... the next time you see an opportunity like this, jump in and SELL some OTM put options!
"How do I sell OTM put options?" you might ask.
Watch my FREE videos HERE!
Monday, 4/24/2017 (6:39:29 am, PT)
bought back puts at $0.05
Comment: Even though 4/24 was Expiration Monday, I chose to buy back my short puts at 5 cents just to be safe.
PROFIT: $500 (in 2 trading days)
SUCCESS!
Fri. 3/31/2017 (9:54:50 am, PT) FP
sold -1 May 12, 2017 2280 put at $11.90
- credit received: $1190
- probability of success: 80%
Mon. 4/24/2017 (6:55:16 am, PT)
buy back put at $4.20
PROFIT: $770
SUCCESS!
Fri. 4/7/2017 (12:38:03 pm, PT) FP
sold -1 May 12, 2017 2235 put at $8.50
- credit received: $850
- probability of success: 85.16%
Mon. 4/24/2017 (6:52:27 am, PT)
buy back put at $2.35
PROFIT: $615
SUCCESS!
Wed. 4/5/2017 (11:35 am, PT) FP
sold -1 May 12, 2017 2240 put at $6.10
- credit received: $610
- probability of success: 88%
Mon. 4/24/2017 (6:52:45 am, PT)
buy back put at $2.50 (debit)
PROFIT: $360
SUCCESS!
Thu. 2/23/2017 (10:35:44 am, PT)
sell short -10 March 17, 2017 $230 puts at $0.85
probability of success: 79%
Wed. 3/1/2017 (11:05:11 am, PT)
buy back puts at $0.30
PROFIT: $550
SUCCESS!
Comment: President Donald Trump gave speech to Congress the previous evening
Fri. 2/24/2017 (9:59:18 am, PT)
sell short -1 April 7, 2017 2260 put at $9.80
Comments:
- probability of success: 82.30%
- credit received: $980
Wed. 3/1/2017 (9:04:14 am, PT)
buy back put at $5.40
PROFIT: $440
SUCCESS!
Comments:
- President Donald Trump gave speech to Congress the previous evening
Thu. 2/23/2017 (12:57:08 pm, PT) FP
sell short -1 April 7, 2017 2260 put at $9.80
Comments:
- credit received: $980
- probability of success: 82%
Wed. 3/1/2017 (8:06:23 am, PT)
buy back put at $5.80
PROFIT: $400
Comment:
- President Donald Trump gave his speech to Congress the previous evening
SUCCESS!
Wed. 2/22/2017 (1:06:20 pm, PT) RD
sell short -10 March 31, 2017 $228 puts at $1.03
Comments:
- probability of success: 80%
- FOMC minutes released at 11 am, 2/22/2017
Wed. 3/1/2017 (7:51:35 am, PT)
buy back puts at $0.59
Comments:
- President Donald Trump gave speech to Congress the previous night
PROFIT: $440
SUCCESS!
Wed. 2/22/2017 (11:18:29 am, PT)
sell short -10 March 10, 2017 $233.50 puts at $0.84
probability of success: 71%
Wed. 3/1/2017 (6:30:09 am, PT)
buy back puts at $0.26
PROFIT: $580
SUCCESS!
Comment: President Donald Trump gave speech to Congress the previous evening
Wed. 2/15/2017 (9:12:16 am, PT) FP
sell short -10 March 31, 2017 $225 puts at $1.03
probability of success: 80%
Wed. 2/22/2017 (10:51:30 am, PT)
buy back puts at $0.70
PROFIT: $330
SUCCESS!
Thu. 2/16/2017 (10:39:09 am, PT) FP
sell short -10 March 31, 2017 $223 puts at $0.91
probability of success: 83.50%
Wed. 2/22/2017 (10:51:52 am, PT)
buy back puts at $0.57
PROFITS: $340
SUCCESS!
Fri. 2/17/2017 (8:53:09 am, PT) FP
sell short -10 March 24, 2017 $226 puts at $0.96
probability of success: 80%
Wed. 2/22/2017 (10:39:29 am, PT)
buy back puts at $0.58
PROFIT: $380
SUCCESS!
Mon. 2/13/2017 (9:01:59 am, PT) RD
sell short -10 March 17, 2017 $226 puts at $1.09
probability of success: 77%
Tue. 2/14/2017 (9:57:30 am, PT)
buy back puts at $0.86
PROFIT: $230
SUCCESS!
Tue. 2/7/2017 (11:32:59 am, PT) FP
sell short -10 March 17, 2017 $220 puts at $1.04
probability of success: 80%
Thu. 2/9/2017 (11:39:12 am, PT)
buy back puts at $0.71
PROFIT: $330
SUCCESS!
Mon. 2/6/2017 (11:32:03 am, PT) FP
sell short -10 March 24, 2017 $220 puts at $1.33
probability of success: 77.36%
Thu. 2/9/2017 (11:39:46)
buy back puts at $0.91
PROFIT: $420
SUCCESS!
Thu. 1/26/2017 (9:44:05 am, PT)
sell short − 10 Feb 17, 2017 $225.50 puts at $0.89
- credit received: $890
- probability of success: 73.18%
Fri. 2/3/2017 (11:48:45 am, PT)
buy to close puts at $0.47
PROFIT: $420 (in ONE week)
SUCCESS!
Wed. 2/1/2017 (10:28:01 am, PT) FP
sell short -10 March 17, 2017 $217 puts at $1.11
probability of success: 81%
Fri. 2/3/2017 (10:21:28 am, PT)
buy back puts at $0.76
PROFIT: $350
SUCCESS!
Wed. 1/25/2017 (7:53:20 am, PT)
sell short − 10 Feb 10, 2017 $225 puts at $0.55
- credit received: $550
- probability of success: 80%
Fri. 2/3/2017 (11:48:45 am, PT)
buy to close puts at $0.15
PROFIT: $400
SUCCESS!
Wed. 2/1/2017 (10:10:47 am, PT)
sell short −10 Feb 3, 2017 $226.50 puts at $0.36
- credit received: $360
- probability of success: 70%
Fri. 2/3/2017 (8:12:16 am, PT) ← Expiration Friday
buy back puts at $0.01
Comment: Even though my put options were $3 out-of-the-money on Expiration Friday, I decided to go ahead and spend 1 cent ($10 for 10 contracts) to buy back my puts to avoid any last-minute disasters.
PROFIT: $350 in 2 days!
SUCCESS!
Wed. 1/18/2017 (10:24:47 am, PT)
sell short −2 Feb 17, 2017 $220 puts at $1.08
Comments:
- credit (cash) received: $216
- probability of success: 77%
- 2 long wings (to reduce capital requirements): April 21, 2017 $140 puts
- buying power effect: ($16,000)
Wed. 1/25/2017 (6:30:03 am, PT)
buy back both puts at $0.42 (50% of max)
PROFIT: $132 (in one week)
Return on capital: 0.80% in one week 😀
(that's 41.60% annualized)
SUCCESS!
Mon. 1/9/2017 (9:13:40 am, PT)
sell short −4 Feb 10, 2017 $223 puts at $1.45
Comments:
- credit (cash) received: $580
- long wings: +4 Apr 21, 2017 $140 puts (to reduce capital requirements)
- buying power effect: ($33,200)
Tue. 1/24/2017 (9:13:52 am, PT)
buy back puts at $0.68 (50% of max)
PROFIT: $308 (in 2 weeks) 😀
SUCCESS!
Mon. 1/9/2017 (9:16:07 am, PT)
sell short −10 Jan 20, 2017 $224 puts at $0.55
probability of success: 70%
Wed. 1/11/2017 (12:57:31 pm, PT)
buy back puts at $0.35
PROFIT: $200
SUCCESS!
Thu. 1/5/2017 (10:44:59 am, PT)
sell short −2 Feb 17, 2017 $134 puts at $2.38
probability of success: 58.48%
Comment:
These short puts are almost at-the-money, so it's important to close them as soon as I have a nice profit (this is, of course, subjective).
Wed. 1/11/2017 (12:52:18 pm, PT)
buy back puts at $1.84
PROFIT: $108
Comment:
On 1/19/2017, these short puts went in-the-money and it would have cost $2.62 to buy them back.
SUCCESS!
Thu. 12/29/2016 (11:02:19 am, PT)
sell short −2 Feb 17. 2017 $62 puts at $1.10
probability of success: 53.51%
Tue. 1/10/2017 (8:40:02 am, PT)
buy back puts at $0.68
PROFIT: $84
SUCCESS!
Wed. 1/4/2017 (10:04:42 am, PT) RD
sell short -10 Jan 27, 2017 $222 puts at $1.02
probability of success: 74%
Tue. 1/10/2017 (7:47 am, PT)
buy back puts at $0.55
PROFIT: $470
SUCCESS!
Fri. 12/23/2016 (9:20:24 am, PT)
sell short − 2 Jan 20, 2017 $44 puts at $0.76
probability of success: 58%
Tue. 1/10/2017 (8:43:03 am, PT)
buy back puts at $0.42
PROFIT: $68
SUCCESS!
Wed. 1/4/2017 (10:02:58 am, PT) RD
sell short -10 Jan 27, 2017 $219.50 puts at $0.66
probability of success: 82%
Tue. 1/10/2017 (7:46:50 am, PT)
buy back puts at $0.32 (50% of max)
PROFIT: $340
SUCCESS!
Fri. 12/23/2016 (10:02:30 am, PT)
sell short −4 Jan 27, 2017 $222 puts at $1.69
buy long +4 April 21, 2017 $140 puts at $0.07 (cheap "wings")
probability of success: 65%
buying power effect: ($32,800)
Fri. 1/6/2017 (6:30:10 am, PT)
buy back only the short puts at $0.75
leave open the long puts so I can use them again for the next set of short puts
PROFIT: $376 (in 2 weeks)
SUCCESS!
Wed. 12/21/2016 (10:30:57 am, PT) RD
sell short −2 Jan 25, 2017 $222 puts at $1.42
probability of success: 69%
Fri. 1/6/2017 (6:30:02 am, PT)
buy back puts at $0.65
PROFIT: $154
SUCCESS!
Fri. 12/16/2016 (11:45:42 am, PT)
sell short −2 Jan 20, 2017 $222 puts at $1.81
Thu. 1/5/2017 (10:19:11 am, PT)
buy back puts at $0.58
PROFIT: $246
SUCCESS!
Wed. 12/28/2016 (9:54:45 am, PT)
sell short −1 Jan 27, 2017 $222 put at $1.84
probability of success: 62.52%
Fri. 1/5/2017 (11:14:05 am, PT)
buy back put at $0.88
PROFIT: $96
SUCCESS!
Thu. 12/22/2016 (12:32:31 pm, PT)
sell short −1 Jan 20, 2017 $222 put at $1.39
probability of success: 67%
Thu. 1/5/2017 (10:22:32 am, PT)
buy back put at $0.58
PROFIT: $81
SUCCESS!
Wed. 12/21/2016 (9:57:26 am, PT) RD
sell −2 Jan 25, 2017 $220 puts at $1.05 (credit)
buy +2 Apr 21, 2017 $130 puts at $0.08 (debit) *
- probability of success: 76%
- 35 days 'til expiration (DTE)
- buying power effect: ($18,000)
* the long puts are my cheap "wings" to decrease capital requirements
Thu. 1/5/2017 (7:27:53 am, PT) (20 DTE)
- buy back short puts only at $0.48 (debit)
- leave open long puts to be used again for the next set of short puts
NET PROFIT: $114 (in 2 weeks)
SUCCESS!