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Mon. 6/11/2018 (9:35:09 am, PT)

sell -2  June 11, 2018  2785 puts at $1.20 (29 delta)
buy +2 June 11, 2018  2760 puts at $0.05

  • net credit (max profit):  $1.15 x 2 x 100 =  $230
  • margin:  $5000
  • options expire at 1:00 pm (PT)


Mon. 6/11/2018 (12:06:40 pm, PT)

buy back both short puts (2785 strike) at $0.50
let long puts (2760 strike) expire worthless ($10 "sacrifice" to create spread)

PROFIT:  $130

COMMENT:  
It's a GOOD thing I bought back my short puts at $0.50 because SPX closed at 2782 and my short puts would have ended up in-the-money!!  😨

LEARN TO SELL PUT OPTIONS HERE!



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Wed. 5/30/2018 (9:42:23 am, PT)

sell -2  May 30, 2018  2710 puts at $0.85
buy +2  May 30, 2018  2690 puts at $0.10

  • intraday stochastics:  oversold
  • margin:  $4,000
  • net credit (max profit):  $0.75 x 2 x 100 =  $150
  • short put (2710) delta:  14.50
  • expiration:  1 pm (PT)


Wed. 5/30/2018 [12:07 pm (PT) and 12:17:53 pm (PT)]

  • bought back short puts at $0.05 to remove the risk
  • let long puts (2690) expire at 1 pm (PT)
  • SPX closed at 2724.01


PROFIT:  $140 (in about 2.5 hours)
ROC:  3.40% (in about 2.5 hours)

Learn to SELL puts HERE!


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Fri. 5/25/2018 (expiration)

sold -1 May 25, 2018  2720 call at $1.10

 W A R N I N G !

SPX closed at 2721.33 at 1 pm (PT) today (5/25), so my short call was only $1.33 in-the-money.  However, right before the closing bell, the "bid" was $1.85 and the "ask" was a whopping $2.90!!!!  UNBELIEVABLE!!!

So .... instead of taking a larger-than-necessary loss by buying back my ITM short call, I simply let the option expire in-the-money (pretty unnerving, I must admit).

Since I collected $1.10 when I sold (to open) the call and it ended up $1.33 ITM, my loss will be around $23 rather than $180 (if I had bought back the call).

The trading rules for "index" options (SPX, RUT, VIX, etc) and the trading rules for "equity" options (SPY, IWM, etc.) are VERY DIFFERENT.  Please make sure you thoroughly understand these rules before trading with real money.

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Tue. 2/27/2018 (8:59:55 am, PT)

sell -1 March 2 2018  2830 call at $1.05

probability of success:  94%


Wed. 2/28/2018 (12:27:41 pm, PT)

buy back call at $0.05

PROFIT:  $100


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Monday, 4/2/2018 (11:17:06 am, PT)

sell -1 April 6, 2018  2285 put at $1.00

  • probability of success:  98%
  • day 'til expiration:  4


Tuesday, 4/3/2018 (10:20:17 am, PT)

buy back put at $0.30

PROFIT:  $70


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Wed. 4/4/2018 (10:32:09 am, PT)

sell -1 April 6, 2018  2680 call at $1.12 (delta 5.75)
sell -1 April 6, 2018  2470 put at $1.13 (delta 3.50)

net credit:  $2.25 x 1 x 100  =  $225


Wed. 4/4/2018 (12:51:42 pm, PT)

buy back 2470 put at $0.15
let 2680 short call expire (SPX closed at 2604.47 on April 6)

PROFIT:  $210




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Tue. 4/3/2018 (10:35:59 am, PT)

sell -2 April 20, 2018  1390 puts at $3.80

probability of success:  90%


Tue. 4/3/2018 (12:01:11 pm, PT)

buy back puts at $3.20

PROFIT:  $120


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Wed. 4/4/2018 (11:43:44 am, PT)

sell -2 April 13, 2018  1585 calls at $2.03 (delta 7)
sell -2 April 13, 2018  1415 puts at $1.42 (delta 7)

net credit (max profit):  $3.45 x 2 x 100 = $690
expiration:  in 9 days


Fri. 4/6/2018 (9:01:18 am, PT)

buy back calls at $0.92
buy back puts at $0.93
(net debit:  $1.85)

PROFIT:  $320 (in 2 days)



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Friday, 4/6/2018 (12:52:59 pm, PT)

sell -2 April 13, 2018  1450 puts at $2.55

probability of success:  90%


Monday, 4/9/2018 (9:29:13 am, PT)

buy back puts at $0.95

PROFIT:  $320


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