Search results

The 421 calls will be assigned ITM this weekend. I got in 1200 SPY shares at 415 and out at 421, resulting in a nice $7200 profit on the swing. Monday I'll be back to selling puts. +$7200

I could add IWM and QQQ to the mix but I don't really feel comfortable owning small caps or tech if and when a big downturn in the market takes place... especially with the inflationary fears looming. If the market were to crash, I would be perfectly content holding SPY for a few years waiting...

Generally I'm looking to get in (sell puts) around the 20 day moving average and get out (sell calls) around prior highs. Friday I was assigned on my 415 puts, so I'm currently long 1200 SPY shares @ 415. I sold calls against them this morning looking to exit at 421. I'm hoping to get assigned...

Last week's trade was never posted. I'm happy to report that my wife and I are now fully vaccinated and to celebrate we had a little getaway up in the mountains. I've been somewhat separated from the markets and news headlines this past week but it seems the market had a pretty bad reaction to...

+$1704 SOLD -12 DIAGONAL SPY 100 (Weeklys) 7 MAY 21/30 APR 21 412/409 PUT @1.42

Absolutely. At the very least this adds a little excitement to my life. +$1188 SOLD -12 DIAGONAL SPY 100 (Weeklys) 30 APR 21/23 APR 21 409/405 PUT @.99

+$564 SOLD -12 DIAGONAL SPY 100 (Weeklys) 23 APR 21/16 APR 21 405/399 PUT @.47

+$768 SOLD -12 DIAGONAL SPY 100 16 APR 21/9 APR 21 399/394 PUT @.64 Quite the rally this past week. From 11/2020 - present: +11.1%

The multi leg trades are always buy to close and sell to open. The end result are 12 cash secured puts. The only reason I sold puts alone on Monday instead of a diagonal is because my short puts expired OTM last week.

I appreciate that. And just to clarify the numbers I just posted are from when I started the journal in November 2020, not just 2021. I can start giving more regular profit updates. It’s always going to be 1 trade per week. I haven’t found the Monday/Wednesday SPY options expirations to bring...

It takes about 30 seconds per week so its not difficult or time consuming for me to trade the way that I am. As I've mentioned before, I don't need to withdraw the funds anytime soon. I'm definitely not saying this is the ideal strategy, but its an experiment I've been wanting to do for years...

I unfortunately missed my trade on Thursday. I forgot Friday was a stock market holiday and my puts expired. Re-entered today for a small credit: +$348 SOLD -12 SPY 100 (Weeklys) 9 APR 21 394 PUT @.29 My current net liq is $506,129.14, so after all commissions I'm up $50,011.02 = 10.96%. SPY...

I'm looking to outperform the S&P 500 while maintaining the same risk as being long the index. I want to capitalize on the short term swings in the market and collect a little premium on the side. I'm not expecting explosive growth or anything like that. This site probably isn't the best place...

+$2880 SOLD -12 DIAGONAL SPY 100 (Weeklys) 26 MAR 21/19 MAR 21 389/387 PUT @2.40

My net liq is $500,557.58, so currently up $44,439.46 or 9.7%. SPY is up 9.9% so I'm still slightly behind but closing the gap.

+$1704 SOLD -12 SPY 100 19 MAR 21 387 PUT @1.42

+$7200 from the assignment of 393 covered calls The last couple weeks of volatility worked out great for this strategy. My goal is to take advantage of the small 1-2 week swings in the market I did just that, bagging a quick $7200 gain. I'm expecting the volatility to continue in the coming...

+$540 SOLD -12 DIAGONAL SPY 100 (Weeklys) 12 MAR 21/5 MAR 21 393/394 CALL @.45

I got assigned on my 387 puts last week. Currently long 1200 SPY shares @ 387. I'm up around $3800 on the shares and am looking for an exit at the prior high of 394. +$660 SOLD -12 SPY 100 (Weeklys) 5 MAR 21 394 CALL @.55

+$2976 SOLD -12 DIAGONAL SPY 100 (Weeklys) 26 FEB 21/19 FEB 21 387/384 PUT @2.48