Profit of $3388.4 Weekly Options trading Journey #8
Today is a good day.
I have closed SQ, Etsy, DOCU all with almost 0. Total profit of $3388.4 for those 4 trade close. This means I can buy more tesla stock next Monday.
I do not want to be too aggressive in the trading, so I will open a small position on ETSY, SQ, and AMD position. Today. I wanted to add Tesla for the Iron Condor, but I want the price to be closer to $500 or $700 to open the trade. If the price goes down to $550 I will open the trade for $495/500 vertical put, if the price goes around $630, I will put $695/700 Vertical Call spread. If they go both directions, I will open Iron condor to get the maximum trade as I did it with Etsy and Tesla this week.
One more trade has been made with PLTR. It had a rough week this week. I don't think it will go down even more, so I have sold this one. I could have done with naked put, but for the margin requirement, I decided to go with Put Vertical.
This week, I had a loss of $630 on Journey #5
I had a profit on Journey #7 which is yesterday of $1373.6
Today I had a profit of $3388.4
So Total profit for the week is $3388.4 + $1373.6 - $630 = $4132 for the week.
Next week, I will buy 4132 / 600 = 6.8 shares of Tesla. I do not want my cash to go down every time I buy Tesla, so I will purchase 6 shares of Tesla next Monday.
Closed Trade:
SQ: 10 Dec 4 195/200 Put Vertical @ 0.8696 closed @ 0.04
ETSY: 10 Dec 4 147/150 Put Vertical @0.9796 closed @ 0.03
ETSY: 10 Dec 4 170/175 Call Vertical @ 0.5797 it will expire worthlessly
DOCU: 10 Dec 4 217.5/220 PutVertical @1.0395 closed @ 0.01
Total Profit: $3388.4
Open Trade:
SQ: 10 Dec 11 195/200 Put Vertical @ 1.0296
ETSY: 10 Dec 11 149/152.5 Put Vertical @ 1.0896
AMD: 10 Dec 11 149/152.5 Put Vertical @ 1.0896
PLTR: 10 Dec 11 19/22 Put Vertical @ 0.4897
Current Position:
WORK: 5 Dec 20 40 Call @ 3.2051
SQ: 10 Dec 11 195/200 Put Vertical @ 1.0296
ETSY: 10 Dec 11 149/152.5 Put Vertical @ 1.0896
AMD: 10 Dec 11 149/152.5 Put Vertical @ 1.0896
PLTR: 10 Dec 11 19/22 Put Vertical @ 0.4897
TSLA: 108 shares
======================================================================= #sellingPut #optiontrade #sellingput #putvertical #PutVertical #trading #stock #option
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I am not a financial advisor. Any trades listed are my own personal trades and meant for educational purposes only.
Option trading bears high risk and high return strategy for trader.