Trade on Sept 24th
SOLD 1 NVDA Oct26'18 242.5 PUT @ 2.53
Trade on Sept 28th
SOLD 1 FB Nov16'18 150 PUT @ 2.18
SOLD 2 TD TSE Oct26'18 77.5 PUT @CDE @ 0.61
SOLD 3 TSLA Nov16'18 100 PUT @ 1.34
I've been busy at work lately, but I managed to sneak in some trades during my morning work hours. I always seem to miss the boat on $NVDA. Friday, it jumped 5%... at least I sold a PUT for some premium earlier in the week. Now, it's way OTM.
Thursday night, I noticed that Elon Musk was being sued by the SEC over an alleged Tweet on going private. Shares took a tumble on Friday by 13.9%... I took this opportunity to sell very safe OTM puts on $TSLA. Looks like Elon Musk pulled a quick settlement by paying the SEC $40 million dollars and stepping down as Chairman of Board but he will still remain CEO. With this new, shares should jump back up after the initial scare and I should pocket an easy $402 in premiums within time.
Saturday, September 29, 2018
Friday, September 21, 2018
Shit I came close on my $NVDA short 8 PUT at $262.50 expiry date Sep 21st
I thought I was safe. $NVDA was trading higher up this morning around $267ish per share, but continued on a down trend close to my short 8 PUTS @ $262.50 strike. I ended up closing my short 8 PUTS @ 0.03 which cost me $6.67 in commission. It is way better than gambling with getting assigned 800 shares @ $262.50 = $210k!! Luckily, I was on my lunch break and saw the breakdown. I thought $NVDA would have closed above $262.50 per share, but it is definitely testing my strike price
I am glad I made the move as of writing this 12:46pm... my short PUTS would have cost me 36c to close out which I would have taken a loss on this BULL PUT SPREAD. It is 1:00pm, $NVDA actually closed at $263.45 which is above my short PUT... ugh, I could have profited $24 and saved on commissions of $6.67. But what a ride out that would have been!
I am glad I made the move as of writing this 12:46pm... my short PUTS would have cost me 36c to close out which I would have taken a loss on this BULL PUT SPREAD. It is 1:00pm, $NVDA actually closed at $263.45 which is above my short PUT... ugh, I could have profited $24 and saved on commissions of $6.67. But what a ride out that would have been!
| Option | Accounts (Position) |
| NVDA 21SEP2018 225 P | +246 (-1) |
| NVDA 21SEP2018 257.5 P | -216 (8) |
| NVDA 21SEP2018 262.5 P | closed early @0.03 +408 (-8) |
| SBUX 21SEP2018 50 P | +56 (-1) |
| TD 21SEP2018 76 P | +62 (-2 |
Realized profit for the week: $556 less $24.41 in commissions. Commission was higher due to my bull put spread. I opened my bull put spread on $NVDA on Tuesday (3 day hold)... even though it uses less margin to open the option, it does add up commissions and your risks are inherently higher when your PUT is at the money. Time to sell more NAKED puts further expiration dates with wider out of the money strike prices.
Wednesday, September 19, 2018
Recent Trades This Week
Today, SOLD 2 $ACB TSE Oct19'18 10 PUT @ 0.75. Awesome premiums for $10 strike price. Right now, I'm at a loss as $ACB.TO dropped quite a bit in the last part of the day.
Yesterday, I also open $NVDA bull put spread: 8 $162.50/$157.50P @ 0.27 expiry date Sept 21th. Right now, $NVDA is trading at $271.80 per share.
Yesterday, I closed my 2 $INTC 46 PUT @ 22c from 69c. Profited $94 USD.
Yesterday, I also open $NVDA bull put spread: 8 $162.50/$157.50P @ 0.27 expiry date Sept 21th. Right now, $NVDA is trading at $271.80 per share.
Yesterday, I closed my 2 $INTC 46 PUT @ 22c from 69c. Profited $94 USD.
Friday, September 14, 2018
Realized Profit for the Week: $763
| Option | Accounts (Position) |
| APH.TO 14SEP2018 14 P | +$375 CAD (-5) |
| MSFT 14SEP2018 103 P | +$216 USD (-2) |
| NVDA 14SEP2018 250 P | -$137 USD (7) |
| NVDA 14SEP2018 260 P | +$298 USD (-7) |
I traded 5 option contracts for CAD @ $1.50 each. Total commission: $6.25 CAD
I traded 17 option contracts (including KHC) for USD. Total commission: $9.75 USD
Thursday, September 13, 2018
SOLD 5 $APH TSE Oct19'18 13 PUT @ 0.55
$APH.TO trading at $19.20
Last $APH.TO is about to expire worthless on Sept 14th, so I thought I'd open another one get more premiums.
If I had bought 500 shares $APH.TO when I first opened my last PUT option, I would have been up significantly more by $1500-2000 in paper gains. I do have cash in my CAD account, but this is a risky play anyways.
Last $APH.TO is about to expire worthless on Sept 14th, so I thought I'd open another one get more premiums.
If I had bought 500 shares $APH.TO when I first opened my last PUT option, I would have been up significantly more by $1500-2000 in paper gains. I do have cash in my CAD account, but this is a risky play anyways.
Tuesday, September 11, 2018
Opened Bull Put Spread on $NVDA
$NVDA trading at $273.15.
Opened $NVDA-$160P/$150P @ 0.23 expiry date Sep 14
Update 10:35am western time on Sept 13th: The day after I open my position, $NVDA took a big dip. But luckily, it recovered this morning. One more day to expire... I hope $NVDA holds cuz anything can happen in a matter of a few trading hours.
Closed $KHC @ 0.87, profit $10.00
Opened $NVDA-$160P/$150P @ 0.23 expiry date Sep 14
Update 10:35am western time on Sept 13th: The day after I open my position, $NVDA took a big dip. But luckily, it recovered this morning. One more day to expire... I hope $NVDA holds cuz anything can happen in a matter of a few trading hours.
| Date | Open | High | Low | Close* | Adj Close** | Volume |
|---|---|---|---|---|---|---|
| Sep. 13, 2018 | 270.8600 | 275.0000 | 270.1700 | 272.8300 | 272.8300 | 5,300,666 |
| Sep. 12, 2018 | 271.1900 | 271.9800 | 261.9200 | 268.2000 | 268.2000 | 10,470,900 |
Closed $KHC @ 0.87, profit $10.00
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