Set to Expire: May 1, 2015

Friday is fast approaching.  We can almost say goodbye to April!  Originally, I thought I would end up realizing $678.84 for the month, but I closed a position early and bumped that figure up to $1,019.30!  

Yesterday, I closed my Bull Put Spread (BPS) of $115/$110 for $AAPL set to expire May 15, 2015 early.  I captured 87.96% in 67 days out of the 84 days held.  I realized a profit of  $340.46 after commissions out of $387.07.  I could have let my BPS expire worthless in 17 days for full 100% capture, but I rather close up shop early and move onto the next profitable trade. 

Lately, I've been trying to sell more puts to generate weekly cash flow.  It's riskier but can be rewarding.  Just have to access your risk tolerance.

The following are set to expire on May 1, 2015:

Option	Position	Days Held
FB 01MAY2015 70 P	5	17
FB 01MAY2015 75 P	-5	17
KO 01MAY2015 38.5 P	-1	21
MA 01MAY2015 80 P	-1	25
PEP 01MAY2015 93 P	-1	4
V 01MAY2015 63.5 P	-2	7
XOP 01MAY2015 51 P	-2	7

The only concern of the pile up there is Pepsi.  Today, $PEP took a 1% hit on the stock market and is currently trading 43 cents above my strike price.  With 2 days left, I treading in deep waters looking for a life line.  If $PEP trades in the money, I will roll out my current option to later strike date for a credit.

If all goes well... I will let all my positions expire worthless and keep my premiums collected to total of $333.72.

Not a lot of people understand the power of options.  I'm just here to share my journey to trading options for a profit.  You can too if you take the time to learn it or have the guts to do it.