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Wednesday, April 14, 2021

Options trade: SPX intraday credit (bear) call spread | 2000% return

Friday, 2/26/2021 (11:45 am, PT)  <--- Expiration Day

buy +1 Feb 26, 2021  3895 call at $0.17 (prob ITM 1.78%)

sell -1 Feb 26, 2021  3855 call at $2.37 (prob ITM 17.61%)

net credit:  $2.20 x 1 x 100 = $220 (max profit)

margin:  $3767


Friday, 2/26/2021 (12:54 pm, PT)  <--- 70 minutes later

buy back 3855 call at $0.10

let long call expire "worthless"

Note: SPX closed at 3811.15 at 1 pm, PT (settlement)

NET PROFIT:  $206.46 (in 70 minutes)

ROC:  5.48% (1 hour) = 2000% (annualized)

For the full analysis, join PATREON and watch the video!

Options trade: SPX credit put spread | 454% return

 Monday, 4/12/2021

sell -1 April 14, 2021  4055 put at $1.95 (prob ITM 8.55%)

buy +1 April 14, 2021  4010 put at $0.75 (prob ITM 3%)

net credit:  $1.20 x 1 x 100 = $120

margin:  $4500

2 DTE


Wednesday, 4/14/2021 (EXPIRATION)

buy back short put (4055 strike) at $0.05 to remove the risk of assignment


NET PROFIT:  $112.11 (2 days)

Return on capital:  454% (annualized)


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Options trade: SPX credit put spread | 1375% return

 Tuesday, 3/2/2021

sell -1 March 3, 2021  3805 put at $2.55 (prob ITM 8.63%)

buy +1 March 3, 2021  3770 put at $1.20 (prob ITM 4.18%)

net credit:  $1.35 x 1 x 100 =  $135

margin:  $3372

SPX at 3890.37


Wednesday, 3/3/2021 (Expiration)

buy back 3805 short put at $0.05

let long put expire "worthless"

NET PROFIT:  $127.03 (1 day)

ROC:  3.77% (1 day) =  1375% (annualized)

For the full analysis, join PATREON and watch the video!


Options trade: SPX credit put spread | 232% return

Monday, 3/8/2021

sell -1 March 10, 2021  3665 put at $2.29 (5.31% prob ITM)

buy +1 March 10, 2021  3620 put at $1.09 (2.63% prob ITM)

net credit:  $1.20

margin:  $4371


Tuesday, 3/9/2021 (SPX up 80)

buy back short put (3665 strike) at $0.20


Tuesday, 3/9/2021 (8 minutes later)

sell -1 March 10, 2021  3790 put at $1.20 (4.78% prob ITM)

new margin:  $16,887


Wednesday, 3/10/2021 (Expiration)

SPX closed at 3898.81

Let entire put spread expire "worthless"

NET PROFIT:  $215.13 (in 2 days)

Return on capital:  232% (annualized)

Learn to trade options!

Watch my FREE VIDEOS here!


Options trade: SPX credit put spread | 1884% return

 Wednesday, 3/31/2021

sell -1 April 1, 2021  3940 put at $2.50 (prob ITM 12.22%)

buy +1 April 1, 2021  3910 put at $0.95 (prob ITM 5%)

net credit:  $1.55 x 1 x 100 = $155

margin:  $2850

1 DTE

SPX = 3987.44


Thursday, 4/1/2021 (EXPIRATION)

buy back short put (3940 strike) at $0.05 to remove the risk of assignment

let long put expire "worthless"

SPX closed at 4019.87

NET PROFIT:  $147.11 (1 day)

Return on capital:  1884% (annualized)


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Learn to trade options for FREE!


Options trade: SPX credit put spread | 742% ROC

 Fri. 3/26/2021

sell -1 March 26, 2021  3915 put at $1.52 (prob ITM 15%)

buy +1 March 26, 2021  3850 put at $0.12 (prob ITM 1%)

net credit: $1.40 x 1 x 100 = $140

margin:  $6494

SPX at 3934


Fri. 3/26/2021 (EXPIRATION)

buy back short put at $0.05 to remove the risk of assignment

let the long put expire

NET PROFIT:  $132.11 (2 hours)

Return on capital:  742% (annualized)


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Learn to trade options for FREE!


Options trade: SPX credit call spread | 378% return

 Fri. 3/5/2021

buy +1 March 8, 2021  3975 call at $0.07 (prob ITM 0.30%)

sell -1 March 8, 2021  3915 call at $1.42 (prob ITM 6%)

net credit:  $1.35 x 1 x 100 = $135

margin:  $5861

2 DTE

SPX at 3828.60


Mon. 3/8/2021 (EXPIRATION)

buy back short call at $0.10 to remove the risk of assignment

NET PROFIT:  $121.46 (2 days)

Return on capital:  378% (annualized)


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Learn to trade options for FREE!


Options trade: ARK Innovation ETF (ARKK) credit put spread | 403% ROC

 Wed. 2/24/2021

sell -2 Apr 16, 2021  $100 puts at $1.87 (prob ITM 14.75%)
buy +2 Apr 16, 2021  $70 puts at $0.35 (prob ITM 4%)

net credit:  $1.52 x 2 x 100 = $304

margin:  $517
51 DTE


Wed. 3/31/2021

buy back the 2 short puts at $0.50
let the 2 long puts expire on 4/16/2021

NET PROFIT:  $200.01 (35 days)

Return on capital:  403% (annualized)




Tuesday, April 13, 2021

Options trade: SPY credit put spread | 119% return

 Thu. 12/3/2020

sell -1 March 19, 2021  $280 put at $2.05 (prob ITM: 9.26%)

buy +1 March 19, 2021  $248 put at $0.99 (prob ITM: 4.79%)

  • net credit: $1.06 x 1 x 100 = $106
  • max profit:  $106
  • "overbought"
  • 106 DTE
  • margin: $413


Thu. 2/4/2021

buy back the entire spread for $0.20

NET PROFIT:  $81.02

return on capital:  19.62% (in 2 months) = 119% (annualized)

Learn to trade options.

FREE lessons here!


Monday, April 12, 2021

Options trade: Facebook credit put spread | 164% return

 Monday, 2/8/2021

sell -2 March 12, 2021  $240 puts at $2.13 (prob ITM 17%)

buy +2 March 12, 2021  $210 puts at $0.37 (prob ITM 4%)

net credit:  $1.76 x 2 x 100 =  $352 (max profit at expiration)

margin:  $2318

31 DTE

FB at $266.38


Monday, 3/1/2021

buy back entire spread for $0.64

NET PROFIT:  $218.67

ROC:  164% (annualized)

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Learn to trade options for FREE!


Wednesday, March 31, 2021

Options trade: Electronic Arts (EA) short put | How to sell put options

 Wednesday, 2/24/2021

sell -1 April 16, 2021  $130 put at $3.35

prob ITM 34%

51 DTE


Wednesday, 3/31/2021 (16 DTE)

I bought back the short put at $1.00 to remove the risk of assignment (prob ITM = 23%)

NET PROFIT:  $233.67

Friday, March 26, 2021

Options trade: Apple short put | How to sell put options

 Monday, 2/22/2021

sell -1 March 26, 2021  $115 put at $1.33

prob ITM:  20.39%

32 DTE


Friday, 3/26/2021 (EXPIRATION)

Apple closed at $121.21

I let my short put expire "worthless"

NET PROFIT:  $132.34


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Learn to trade options for FREE!


Friday, March 19, 2021

Options trade: Global X NASDAQ Covered Call ETF (QYLD) short put | How to sell put options

 Wednesday, 3/3/2021

sell -1 March 19, 2021  $22 put @ $0.30

probability ITM:  55.49% (this is high)

16 DTE


Friday, 3/19/2021 (EXPIRATION)

QYLD closed at $22.45

I let my short put option expire "worthless"

NET PROFIT:  $29.34


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Learn to trade options for FREE!


Friday, March 12, 2021

Options trade: Biotech Sector ETF (XBI) Credit put spread

Thu. 2/18/2021

sell -2 March 19, 2021  $140 put at $1.44 (prob ITM 17.21%)

buy +2 March 19, 2021  $125 put at $0.35 (prob ITM 5.43%)

net credit:  $1.09 x 2 x 100 =  $218

margin:  $3,000


Fri. 3/12/2021

buy back the entire spread at $1.09

NET LOSS:  $5.34 (trading fees)

Join PATREON to watch the full video!


Monday, March 8, 2021

Options trade: Palantir (PLTR) short put | How to sell put options

 Wednesday, 2/24/2021

sell -1 March 19, 2021  $23 put at $1.12

23 DTE

prob ITM 34%


Monday, 3/8/2021 (10 DTE)

I decided to buy back my short put at $1.00 and break even.  I did not like the way the stock was behaving.  With 10 days remaining, my short put still had a 57% chance of being in-the-money (assignment) at expiration.

NET PROFIT:  $10.69

Tuesday, March 2, 2021

Options trade: Tesla credit (bull) put spread | 3/19/2021 exp

Thursday, 2/18/2021

sell -2 March 19, 2021  $465 puts at $2.14 (prob ITM 4.34%)

buy +2 March 19, 2021  $396 puts at $1.02 (prob ITM 2.38%)

net credit:  $1.12 x 2 x 100 = $224 (max profit)

margin:  $2275


Tuesday, 3/2/2021

buy back entire spread for $1.06 (debit)

NET PROFIT:  $6.66

For the full analysis, join PATREON and watch the video!


Options trade: Facebook credit (bull) put spread | 164% ROC (annualized)

Monday, 2/8/2021

sell -2 March 12, 2021  $240 puts at $2.13 (prob ITM 16.93%)

buy +2 March 12, 2021  $210 puts at $0.37 (prob ITM 3.66%)

net credit:  $1.76 x 2 x 100 =  $352 (max profit)

margin:  $2318

FB @ $266.38


Monday, 3/1/2021

buy back the entire spread for $0.64 (debit)

NET PROFIT:  $218.67 (in 21 days)

ROC:  9.43% (21 days) =  164% (annualized)

For the full analysis, join PATREON and watch the video!


Wednesday, February 10, 2021

Unusual Options Activity alert! Trader buys 5000 JETS call options . . . so I did the same (sort of)

Friday, 1/15/2021

sell (to open) -1 March 19, 2021  $30 call at $0.24 (probability ITM 7.56%)

buy (to open) +1 March 19, 2021  $25 call at $0.95 (probability ITM 26.54%)

Net debit:  $71

$71 = max loss if JETS closes below $25 at expiration

$429 = max profit if JETS closes above $30 at expiration (but the probability of this happening is less than 8%)


Tuesday, 2/9/2021

sell (to close) the entire call spread for a credit of $0.60

NET LOSS:  $13.64  😔

I decided to close my trade early and take a small loss.  After nearly 30 days, this trade never showed a profit.  I wasn't in the mood to keep holding and hoping.

Learn to trade options for FREE!

Watch my FREE videos here!

Monday, February 8, 2021

Options trades: SPY Near-term (30 DTE) short put options vs SPY LEAPS short put options | The results will amaze you!

If you've ever looked closely at a SPY options chain, you probably noticed that there are LOTS of expiration dates.  Some options expire within just a few days while other options expire several weeks or several months later.

Some SPY options even have expiration dates that are over one year away.  These options are called LEAPS.

Many options traders have asked me if it's "better" to trade options that have near-term expirations or options that have far-term expirations (LEAPS).

In this 4-part series, I compared the performance of a near-term short put versus a LEAPS short put.

CLICK HERE to watch all four videos.


Thursday, February 4, 2021

Options trade: Bullish put trade on Walmart | credit put spread

 Tue. 12/29/2020

sell (to open) -2 Feb 5, 2021  $135 puts at $1.15 (prob ITM: 20.53%)

buy (to open) +2 Feb 5, 2021  $129 puts at $0.51 (prob ITM: 10.23%)

  • Net credit: $0.64 x 2 x 100 = $128
  • Max profit:  $128
  • Margin: $873
  • "oversold"
  • 37 DTE


Thu. 2/4/2021

buy back just one of the short puts at $0.01

let the other short put and the two long puts expire "worthless"

NET PROFIT:  $124.33 (ROC: 14% in 37 days)

Learn to trade options.

FREE options lessons here!