Options trading : US Oil Fund ETF (USO) "Options Wheel" strategy
LILIA's MONEY MUSINGS
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11M ago
 GET WEEKLY TRADE IDEAS HERE. FREE OPTIONS TRADING LESSONS HERE. 12/2/2022 sell -1 Dec 9, 2022 $67.50 put at $0.80 7 DTE prob ITM (assignment): 30% USO = $69.85 12/9/2022 (expiration) USO closed at $62.85, so my short put was ITM I got assigned 100 shares at $67.50 I then sold (to open) one Jan 13, 2023 call option with a strike price of $67.50. 1/13/2023 USO closed above $67.50, so my covered call got assigned. I sold (to close) my 100 shares of USO at $67.50 TOTAL PROFIT:  $330  GET WEEKLY TRADE IDEAS HERE. FREE OPTIONS TRADING LESSONS HERE ..read more
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Options trading : US Oil Fund ETF (USO) semi-bullish trade
LILIA's MONEY MUSINGS
by
1y ago
 GET WEEKLY TRADE IDEAS HERE. FREE OPTIONS TRADING LESSONS HERE. 4/18/2023 sell -1 April 21, 2023 $68 put at $0.14 (credit) 3 DTE USO =  $70.76 prob ITM/assignment:  12.37% (low) 4/21/2023 (expiration) USO closed at $68.22 My short put expired perfectly PROFIT:  $14  GET WEEKLY TRADE IDEAS HERE. FREE OPTIONS TRADING LESSONS HERE ..read more
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Options trading : Amazon (AMZN) semi-bullish trade
LILIA's MONEY MUSINGS
by
1y ago
  GET WEEKLY TRADE IDEAS HERE. FREE OPTIONS TRADING LESSONS HERE. 2/24/2023 sell -1 March 24, 2023 $80 put at $0.59 (credit) 28 DTE "oversold" prob ITM/assignment: 12.34% (low) AMZN = $93.07 3/24/2023 (expiration) AMZN closed at $98.13 my short put expired PROFIT:  $59  GET WEEKLY TRADE IDEAS HERE. FREE OPTIONS TRADING LESSONS HERE ..read more
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Options trading : US Oil Fund ETF (USO) semi-bullish trade
LILIA's MONEY MUSINGS
by
1y ago
     GET WEEKLY TRADE IDEAS HERE. FREE OPTIONS TRADING LESSONS HERE. 3/24/2023 (11:16 am, PT) sell -1 March 24, 2023 $61 put at $0.16 (credit) 0 DTE prob ITM/assignment: 39% (high) USO = $61.20 later that day . . .  USO closed at $60.96 at 1 pm, PT, so my short put was in-the-money by exactly $0.04! I could have TRIED to buy back my put at $0.04 to avoid assignment, but I chose not to do that.     GET WEEKLY TRADE IDEAS HERE. FREE OPTIONS TRADING LESSONS HERE ..read more
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Options trading : US Natural Gas ETF (UNG) semi-bullish trade
LILIA's MONEY MUSINGS
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1y ago
 GET WEEKLY TRADE IDEAS HERE. FREE OPTIONS TRADING LESSONS HERE. 3/23/2023 sell -1 March 24, 2023 $7 put at $0.07 (credit) 1 DTE prob ITM/assignment: 30% (average) UNG = $7.19 3/24/2023 (expiration) UNG closed at $7.33  put option expired PROFIT:  $7.00  GET WEEKLY TRADE IDEAS HERE. FREE OPTIONS TRADING LESSONS HERE ..read more
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Options trading : US Oil Fund ETF (USO) semi-bullish trade
LILIA's MONEY MUSINGS
by
1y ago
     GET WEEKLY TRADE IDEAS HERE. FREE OPTIONS TRADING LESSONS HERE. Wed. 3/8/2023 (12:34 pm, PT) sell -1 March 17, 2023 $60.50 put at $0.10 (credit) 9 DTE prob ITM/assignment:  6.18% (very low!) USO = $67.12 (-0.73) Fri. 3/17/2023 (expiration) USO closed at $58.66 My short put ended up "in-the-money," so I got assigned 100 shares at $60.50/share Wed. 3/22/2023 I sold my 100 shares of USO at $62.50 ($2 higher than my assignment price) TOTAL PROFIT: $10 (put premium) + $200 (100 shares) = $210 NOTE:  Notice that the probability of assignment for the March ..read more
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Options trading : US Oil Fund ETF (USO) semi-bullish trade
LILIA's MONEY MUSINGS
by
1y ago
     GET WEEKLY TRADE IDEAS HERE. FREE OPTIONS TRADING LESSONS HERE. Monday, 3/13/2023 sell -1 March 17, 2023 $60 put at $0.17 (credit) 4 DTE prob ITM/assignment: 9.59% USO = $65.38 Friday, 3/17/2023 (expiration) USO closed at $58.66, so I got assigned 100 shares of USO at $60/share Monday, 3/20/2023 sell -1 March 24, 2023 $60 call at $1.42 (credit) 4 DTE prob ITM/assignment:  66% NOTE:  I generally don't like to sell covered calls because they limit the upside potential.  In this case, however, I decided I would be OK if I got "called away" (sell ..read more
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Options trading : Campbell Soup Co (CPB) semi-bullish trade
LILIA's MONEY MUSINGS
by
1y ago
     GET WEEKLY TRADE IDEAS HERE. FREE OPTIONS TRADING LESSONS HERE. 2/3/2023 sell -1 March 17, 2023 $45 put at $0.25 (credit) CPB = $50.88 prob ITM/assignment:  12% 42 DTE "oversold" 3/17/2023 (expiration) CPB closed at $53.38 Put option expired PROFIT:  $25     GET WEEKLY TRADE IDEAS HERE. FREE OPTIONS TRADING LESSONS HERE ..read more
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Options trading : Alphabet (GOOGL) semi-bullish trade
LILIA's MONEY MUSINGS
by
1y ago
     GET WEEKLY TRADE IDEAS HERE. FREE OPTIONS TRADING LESSONS HERE. 3/7/2023 sell -1 March 17, 2023 $87 put at $0.27 (credit) 10 DTE GOOGL = $93.84 (-1.29) prob ITM/assignment: 11% 3/17/2023 (expiration) GOOGL closed at $101.62 my short put expired PROFIT:  $27     GET WEEKLY TRADE IDEAS HERE. FREE OPTIONS TRADING LESSONS HERE ..read more
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Options trading : Alphabet (GOOGL) semi-bullish trade
LILIA's MONEY MUSINGS
by
1y ago
      GET WEEKLY TRADE IDEAS HERE. FREE OPTIONS TRADING LESSONS HERE. 2/2/2023 sell -1 March 10, 2023 $89 put at $0.52 (credit) GOOGL = $106.44 probability ITM/assignment = 9.71% (low) margin requirement:  $455 36 DTE 3/8/2023 (2 DTE) buy back short put at $0.02 (debit) PROFIT: $50      GET WEEKLY TRADE IDEAS HERE. FREE OPTIONS TRADING LESSONS HERE ..read more
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