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Monday, June 13, 2022

Options trade : ARK Innovation ETF (ARKK) bearish trade

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2/24/2022

buy +4 March 18, 2022 $83.22 calls at $0.12 (prob ITM 3%)

sell -4 March 18, 2022 $72 calls at $1.12 (prob ITM 17.60%)

  • net credit:  $1.00 x 400 = $400
  • ARKK = $63.21 (+2.31)
  • oversold
  • 22 DTE


3/18/2022

buy back the four short calls ($72 strike) at $0.01

let the four long calls expire [I could not sell (to close) them . . . no buyers]

PROFIT:  $396


Options trade : ARK Innovation ETF (ARKK) bearish trade

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5/9/2022

buy +4 June 17, 2022 $74.22 calls at $0.07

sell -4 June 17, 2022 $52.22 calls at $1.03 (prob ITM 14%)

  • net credit:  $0.96 x 400 = $384


6/3/2022

buy back the four short calls ($52.22 strike) at $0.25 to take profits

leave open the four long calls for a future call spread

PROFIT:  $284


Options Trade : ARK Innovation ETF (ARKK) bearish trade

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5/13/2022

buy +4 June 24, 2022 $70 calls at $0.12 (prob ITM 1.88%)

sell -4 June 24, 2022 $54 calls at $1.08 (prob ITM 15%)

  • net credit:  $0.96 x 400 = $384
  • ARKK = $43.64 (+4.65)
  • 43 DTE


6/3/2022

buy back the four short calls ($54 strike) to take profits

leave open the four long calls for a future call spread

PROFIT:  $284

Options trade : ARK Innovation ETF (ARKK) bearish trade

GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE.


 5/19/2022

buy +4 July 1, 2022 $65 calls at $0.25 (prob ITM 3%)

sell -4 July 1, 2022 $53 calls at $1.30 (prob ITM 16%)

  • net credit:  $1.05 x 400 =  $420
  • 43 DTE
  • ARKK = $43.67 (+2.50)


6/10/2022

buy back the four short calls ($53 strike) at $0.20 to take profits

leave open the four long calls for a future call spread

PROFIT:  $340


Options trade : ARK Innovation ETF (ARKK) bearish trade

GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE!


6/2/2022


buy +4 July 15, 2022 $78 calls at $0.66 (prob ITM 0.94%)

sell -4 July 15, 2022 $54.22 calls at $1.14 (prob ITM 17%)

  • net credit:  $1.08 x 400 =  $432
  • margin:  $9512
  • ARKK =  $45ish
  • overbought
  • 43 DTE


6/10/2022

buy back the four short calls ($54.22 strike) at $0.33 to take profits

leave open the four long calls for a future call spread

PROFIT:  $300

Options trade : ARK Innovation ETF (ARKK) bearish trade

GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE!


6/7/2022

buy +4 July 22, 2022 $65 calls at $0.13 (prob ITM 2.43%)

sell -4 July 22, 2022 $53 calls at $1.13 (prob ITM 17.27%)

  • net credit:  $1.00 x 400 =  $400
  • ARKK = $44.38 
  • margin:  $4800
  • ARKK was overbought
  • 45 DTE


6/10/2022

buy back the four short calls ($53 strike) to take profits

leave open the long calls for the next call spread

PROFIT:  $212


Options trade : Ultra-VIX ETF (UVXY) bullish trade

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5/19/2022

sell -4 July 1, 2022 $12.50 puts at $1.29 (prob ITM = 38.65%)

buy +4 July 1, 2022 $5.00 puts at $0.01 (cheap "wings")

  • net credit:  $1.28 x 4 x 100 = $512
  • UVXY = $16.29 (-1.38)
  • oversold
  • 43 DTE


6/10/2022

buy back the 4 short puts ($12.50 strike) at $0.63 and reuse the 4 long puts for another put spread

PROFIT:  $260

 

Options trade : Apple (AAPL) bullish trade

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3/10/2022

sold -1 May 20, 2022 $115 put at $1.32

AAPL = $156.27 (-6.68)

prob of assignment = 11.28%

oversold

71 Days to exp (DTE)


5/20/2022 (expiration)

AAPL = $137.59

My short put expired "worthless"

PROFIT:  $132

Options trade : ETSY (ETSY) bearish trade

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5/23/2022

buy +1 June 17, 2022 $100 call at $0.66

sell -1 June 17, 2022 $90 call at $1.87

  • ETSY = $76 (-2.32)
  • 25 days to exp (DTE)
  • margin: $1000
  • net credit:  $1.22 x 1 x 100 =  $122


6/7/2022

buy back entire spread for $0.90 (debit)

PROFIT:  $32


Options trade : Disney (DIS) bearish trade

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4/21/2022

sold -1 June 17, 2022 $75 put at $0.15

  • DIS = $121
  • prob of assignment: 2.40% (very low)
  • DIS was oversold
  • 57 days to exp (DTE)


5/27/2022

buy back the short put at $0.04 and take my profit

PROFIT:  $11


Wednesday, April 13, 2022

Options trade : Ultra-VIX ETF (UVXY) bullish trade

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Wed. 3/30/2022

sell -2 April 29, 2022 $11 puts at $0.80 (probability ITM 39%)

buy +2 April 29, 2022 $6 puts at $0.01 (probability ITM 0.92%)

  • net credit:  $0.79
  • margin:  $498
  • UVXY = $12.48 (+0.13)
  • oversold
  • 30 DTE


Wed. 4/13/2022

buy back both short puts ($11 strike) at $0.07

let long puts expire

NET PROFIT:  $140.04 (in 14 days)


Reasons for closing the trade:

We've achieved our goal of 50% of "max profit"


Tuesday, April 12, 2022

Options trade : SPY bearish trade

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Wed. 1/5/2022 (11:27 am, PT)

buy +1 Feb 18, 2022 $530 call at $0.05 (prob ITM 0.58%)

sell -1 Feb 18, 2022 $495 call at $1.22 (prob ITM 12.37%)

  • net credit:  $1.17
  • FOMC minutes at 11 am (PT)
  • right after the minutes were published, SPY dropped $9
  • 44 DTE
  • overbought
  • at the time of this trade, SPY was down $3.61 at $473.94


Fri. 1/7/2022 (7:37 am, PT)

bought back entire call spread at $0.50

NET PROFIT:  $64.34 (in 2 days)


Reasons for closing the trade:

  • I achieved my goal of 50% of "max profit"
  • protect my capital
  • remove the risk
  • there were still 42 DTE


Options trade : ARK Innovation ETF (ARKK) bearish trade

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FREE options-trading lessons here!


Wed. 1/5/2022

buy +1 Feb 18, 2022 $115.22 call at $0.37 (prob ITM 5%)

sell -1 Feb 18, 2022 $101.22 call at $1.47 (prob ITM 17%)

  • net credit:  $1.10
  • oversold
  • big down-day
  • 44 DTE


Wed. 1/12/2022

buy back entire call spread at $0.50

NET PROFIT:  $57.34


Options trade : JP Morgan Chase (JPM) bullish trade

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Tue. 3/8/2022

sell -1 April 22, 2022 $95 put at $0.84

  • probability ITM:  10%
  • JPM = $129.05 (-0.16)
  • oversold
  • 45 DTE


Tue. 4/12/2022

buy back short put at $0.03

NET PROFIT:  $80.33 (in 35 days)

Reasons for closing trade:

  • take profits
  • JPM is reporting earnings before market open on 4/13/2022 


Sunday, April 3, 2022

Options trade : Biotech Sector ETF (XBI) bearish trade

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Thu. 1/13/2022

buy +2 Feb 18, 2022 $128 calls at $0.09 (prob ITM 2%)

sell -2 Feb 18, 2022 $111 calls at $1.19 (prob ITM 16.46%)

  • net credit:  $1.10
  • XBI = $99
  • 36 DTE
  • oversold

NOTE:

I don't normally place semi-bearish trades when the underlying security is "oversold."  However, in this case, XBI seemed to be trending down.


Mon. 2/7/2022

buy back both short calls ($111 strike) at $0.05 to remove the risk

let the long calls ($128 strike) expire


NET PROFIT:  $207.34 (25 days)


FREE options trading lessons here!



Options trade : Draftkings (DKNG) bearish trade

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Thu. 1/20/2022

buy +1 Jan 21, 2022 $22 put at $1.10

sell -1 Jan 21, 2022 $21 put at $0.45

  • net debit: $0.65
  • oversold
  • 1 DTE


Fri. 1/21/2022 (12:35:15 pm, PT) (expiration)

sell (to close) entire put spread for $1.00 (see NOTE below)

NET PROFIT:  $32.35 (1 day)


NOTE:

I was pleasantly surprised that I was able to get the full (max) value for this put spread even though I still had 25 minutes left until expiration!  Thanks, market makers!


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Options trade : Ultra-VIX ETF (UVXY) bullish trade

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Wed. 1/5/2022

sell -1 Feb 18, 2022 $11 put at $1.36 (prob ITM 45%)

buy +1 Feb 18, 2022 $8 put at $0.14 (prob ITM 14%)

  • net credit:  $1.22
  • margin:  $300
  • oversold
  • 44 DTE


Tue. 1/25/2022

buy back the entire spread at $0.34

NET PROFIT:  $85.35

Reasons for closing trade:

  • overbought
  • 24 DTE
  • UVXY = $19


FREE options trading lessons here!

Options trade : Ultra-VIX ETF (UVXY) bullish trade

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Wed. 2/9/2022

sell -1 April 14, 2022 $10 put at $1.61

  • probability ITM (assignment):  48%
  • UVXY = $12.415 (-.675)
  • oversold
  • 64 DTE


Fri. 2/25/2022

Close the trade and take profits

bought back short put at $0.38

NET PROFIT:  $121.68


Reasons for closing trade:

  • take profits!
  • UVXY is now overbought
  • we've achieved our goal
  • the put still has a 19% probability of assignment
  • UVXY = 16.47


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Options trade : AirBnB (ABNB) bearish trade

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Wed. 2/23/2022

buy +1 March 4, 2022 $185 call at $0.12 (prob ITM 1.70%)

sell -1 March 4, 2022 $167.50 call at $1.13 (prob ITM 13%)

  • ABNB = $150.83 (-14.41)
  • margin:  $621
  • net credit:  $1.01
  • 37 stochastics (and dropping)
  • 9 DTE


Mon. 2/28/2022

With 4 days remaining, it's time to close our trade and take profits

buy back entire call spread at $0.45 (debit)

NET PROFIT:  $53.34 (2 days)


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Options trade : SPX bullish trade

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Tuesday, 3/1/2022

sell -1 March 2, 2022 4120 put at $2.60 

buy +1 March 2, 2022 4070 put at $1.10

  • net credit:  $1.50
  • SPX = 4289.78 - 4293.49 (-83)
  • 1 DTE


Wednesday, 3/2/2022 (expiration)

buy back short put (4120 strike) only at $0.05 to remove the risk

let long put expire

NET PROFIT:  $142.02


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