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Friday, October 7, 2022

Options trading : SPX semi-bullish trade (credit put spread)

 GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.


10/6/2022 (11:03:55 am, PT)  🠈 Expiration

sell -1 Oct 6, 2022 3710 put at $0.50 (credit)  🠈 prob ITM 4.33% (risk)

buy +1 Oct 6, 2022 3655 put at $0.05 (debit)

net credit:  $0.45 ($45 for one spread)


10/6/2022 (12:30 pm, PT)

buy back 3710 short put at $0.05 to remove the risk

let the 3655 long put expire worthless

PROFIT:  $40


Options trading : SPX semi-bearish trade (credit call spread)

 GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.


Fri. 10/7/2022 (10:45:48 am, PT)  🠈 Expiration Friday

buy +1 Oct 7, 2022 3765 call at $0.05 (debit)

sell -1 Oct 7, 2022 3700 call at $0.55 (credit)

net credit: $0.50 ($50 for one contract)




Comments:

★  I placed a bearish trade because SPX gapped down at the Opening Bell and the intraday trend was clearly bearish

★  I went pretty far OTM because sometimes the markets will reverse after a morning selloff

★  I placed my bearish trade when the intraday stochastics were in the "overbought" region (see chart below)




Fri. 10/7/2022 (expiration)

SPX closed (settled) at 3639.84 (-104.68)

My call spread expired perfectly

PROFIT:  $50 (in 2.25 hours)


Monday, October 3, 2022

Options trading : SPX semi-bullish trade (credit put spread)

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


10/3/2022 (9:54 am, PT)

sell -1 Oct 3, 2022  3575 put at $0.50 (prob ITM 3%)

buy +1 Oct 3, 2022  3500 put at $0.05

  • net credit: $0.45
  • 0 DTE


10/3/2022 (expiration) 

SPX settled at 3678

my put spread expired perfectly

PROFIT:  $45 (in 3 hours)


NOTE:  When I placed my trade at 9:54 am, I could tell that SPX was going to keep rising today.  Thus, I could have chosen a short put that was closer "to the money" (i.e., higher strike price) OR I could have sold more contracts.  However, in the end, I chose to play it safe and opted for a relatively easy trade with a high probability for success.


Sunday, October 2, 2022

Options trading : SPX semi-bullish trade (credit put spread)

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


9/30/2022 (9:11:50 am, PT)

sell -1 Sep 30, 2022 3560 put at $1.05 (prob ITM 5.35%)

buy +1 Sep 30, 2022 3475 put at $0.05

  • net credit: $1.00
  • 0 DTE


9/30/2022 (12:28:57 pm, PT)

buy back the 3560 short put at $0.50 to remove the risk

PROFIT:  $50


Options trading : US Oil Fund ETF (USO) semi-bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


9/23/2022

sell -1 Sep 30, 2022 $59 put at $0.26

7 DTE


9/30/2022 (expiration)

USO closed at $65.28

my short put expired perfectly

PROFIT:  $26

Options trading : Alphabet (GOOGL) semi-bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


9/21/2022 (12:32 pm, PT)

sell -1 Sep 30, 2022 $90 put at $0.25

  • GOOGL = $100
  • prob ITM = 8.50%
  • 9 DTE
  • FOMC at 11 am (PT) on 9/21/2022


9/30/2022 (expiration)

GOOGL closed at $95.77

my short put expired perfectly

PROFIT:  $25


Options trading : Amazon (AMZN) Earnings Play

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


7/28/2022 (11:56 am, PT)

sell -1 Aug 5, 2022 $101 put at $0.24

  • AMZN = $122.32
  • prob ITM = 5.40%
  • market maker move = up/down $7.28 post-earnings


8/5/2022 (expiration)

AMZN closed at $140.80

My short put expired perfectly

PROFIT:  $24


Options trading : US Oil Fund ETF (USO) semi-bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


9/16/2022

sell -1 Sep 23, 2022 $64 put at $0.25

  • prob ITM = 11.79%
  • 7 DTE


9/23/2022

buy back my short put at $0.03 to remove the risk of assignment

PROFIT: $22


Options trading : Alphabet (GOOGL) semi-bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


9/27/2022

sell -1 Sep 30, 2022 $91 put at $0.21

  • prob ITM = 10%
  • 3 DTE


9/30/2022 (expiration)

buy back short put at $0.01 to remove the risk of assignment

PROFIT:  $20

Options trading : US Oil Fund ETF (USO) semi-bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


9/26/2022

sell -1 Sep 30, 2022 $57 put at $0.16

  • USO = $63.35
  • prob ITM = 9%
  • 4 DTE


9/30/2022 (expiration)

USO closed at $65.28

my short put expired perfectly

PROFIT:  $16


Options trading : Alphabet (GOOGL) semi-bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


9/13/2022

sell -1 Sep 23, 2022 $90 put at $0.12

  • GOOGL = $105.26 (down $5.60!)
  • prob ITM = 4%
  • 10 DTE


9/23/2022 (expiration)

GOOGL closed at $98.74

my short put expired perfectly

PROFIT:  $12


Options trading : Alphabet (GOOGL) semi-bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


9/16/2022

sell -1 Sep 23, 2022 $89 put at $0.12

  • GOOGL = $101.81
  • prob ITM = 4.50%
  • 7 DTE


9/23/2022 (expiration)

GOOGL closed at $98.74

My short put expired perfectly

PROFIT:  $12


Options trading : Amazon (AMZN) semi-bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


9/26/2022

sell -1 Sep 30, 2022 $100 put at $0.10

  • AMZN = $115.50
  • prob ITM: 3.25%
  • 4 DTE


9/30/2022 (expiration)

AMZN closed at $113

my short put expired perfectly

PROFIT:  $10


Wednesday, September 28, 2022

Options trading : SPX semi-bullish trade (credit put spread)

  GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


9/28/2022 (10:40 am, PT)  🠄 see chart below

sell -1 Sep 28, 2022  3650 put at $1.05 (prob ITM 6.67%)

buy +1 Sep 28, 2022  3560 put at $0.05

  • net credit:  $1.00
  • SPX up over 55 points
  • 0 DTE
  • this is a credit put spread which is semi-bullish




9/28/2022 (12:08 pm, PT)

buy back 3650 short put at $0.05 to remove the risk

SPX settled at 3718 at 1 pm (PT)  🠜 Expiration

PROFIT:  $95  (in 90 minutes)


Friday, September 16, 2022

Options trading : SPX semi-bearish trade (credit call spread)

 GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.


9/16/2022 (9:52:56 am, PT)

buy +1 Sep 16, 2022  3900 call at $1.02 (prob ITM 7%)

sell -1 Sep 16, 2022 3885 call at $2.47 (prob ITM 15%)

  • net credit: $1.45 x 1 x 100 =  $145 (max profit)
  • 0 DTE
  • SPX = 3850.91 (-50.44)


9/16/2022 (12:30:24 pm, PT)

At 10:56 am (PT), SPX suddenly started to rise (see Fig. 1 below).

SPX was heading in the WRONG direction, so I decided I would be OK with just 50% of max profit.

I bought back my call spread at $0.70 (debit)

At expiration, SPX settled at 3873.33, so my call spread would have been fine. But who needs the stress?  I'm glad I closed it at $0.70.

PROFIT:  $75


Fig. 1.  Intraday chart for SPX (9/16/2022)



Options trading : Alphabet (GOOGL) semi-bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


9/15/2022 (11:48 am, PT)

sell -1 Sep 16, 2022 $100 put at $0.20 (credit)

  • prob ITM: 14.45%
  • GOOGL = $103
  • 1 DTE


9/16/2022 (Expiration)

GOOGL closed at $102.80

My short put expired perfectly

PROFIT: $20


Options trading : Alphabet (GOOGL) semi-bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


9/8/2022

sell -1 Sep 16, 2022 $97 put at $0.16 (credit)

  • prob ITM: 6%
  • GOOGL = $107.86
  • 8 DTE


9/16/2022 (Expiration)

GOOGL = $102.80

My short put expired perfectly

PROFIT:  $16


Options trading : Amazon (AMZN) semi-bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


9/6/2022

sell -1 Sep 6, 2022 $100 put at $0.07 (credit)

  • prob ITM: 1.74% (high probability of success)
  • AMZN = $126.16
  • oversold
  • 10 DTE


9/13/2022

buy back short put at $0.01

PROFIT:  $6.00


Options trading : Alphabet (GOOGL) semi-bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


9/12/2022

sell -1 Sep 16, 2022 $103 put at $0.18 (credit)

  • 4 DTE
  • prob ITM =8% (92% probability of success)


9/16/2022 (12:56:47 pm, PT) 🠜🠜 EXPIRATION

buy back short put at $0.18

GOOGL was really volatile all day today.  I did not want to get assigned or roll my put, so I closed it at the break-even price when I had the opportunity.

PROFIT/LOSS =  0


NOTE:  GOOGL closed at $102.80 at expiration, so it's a good thing I closed my short put at $0.18.


Friday, September 9, 2022

Options trading : Alphabet (GOOGL) bullish trade and ROLL

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


Tue. 8/16/2022

sell -1 Sep 2, 2022 $109 put at $0.22 (credit)

  • 17 DTE


Fri. 9/2/2022 (Expiration)  🠜  ROLL

Earlier in the morning, my short put traded at $0.04, but I missed it.

By the end of the trading session, GOOGL dropped to $107.88 and my short put went ITM.

I did not want to get assigned, so I ROLLED my put to the following expiration cycle.


Here is the ROLL:

buy (to close) Sep 2 $109 put at $1.31 (debit)

sell (to open) Sep 9 $109 put at $2.51 (credit)

The ROLL gave me a net credit of $1.20


I will break even if I buy back the Sep 9 $109 put at $1.42 ($0.22+ $1.20)


Fri. 9/9/2022 (Expiration)

GOOGL closed at $110.65

My Sep 9 $109 short put expired perfectly

TOTAL PROFIT:  $142