Weekly Profit of $4077.6 Happy New Year Option Journey #23
New Year has arrived. Hopefully, this year is better than last year.
Personally, last year was a blessing due to housing price increase and stock market rally. However, for anything other than that was a disaster for me as well. I sincerely hope and pray that this year will be the year that we come over COVID-19 and get better as the whole world.
Last week, I did not post what was going on with my trade. I did make some trade but not substantial. I did make a trade for AMZN for the Iron condor and get the full profit. I also got the PINS vertical and got the full credit. Etsy was going down to my thresh hold which was below $160, so I actually sold even further with the spread of $20 a share. With that bet, I actually made around $1000 for that trade as well. This week, I am also hoping to get another $2000 from Etsy as today's market rallied for Etsy.
Last week, Tesla was the King of all trade. It went up from the $600 range to $880 and closed. Although it dropped today, I hope this stock to be cool down a little bit. As my goal is to purchased 1000 shares in 3 years. I want this stock to remain steady for a month or so. But you cannot plan what is happening in the world. So I am hoping for the mercy of Mr. Market to calm a little bit.
Close Trade:
JPM 10 Jan 8 117/120 Put Vertical @ 0.8297 closed @ 0.02 profit of $809.7 SNAP 10 Jan 8 48/50 Put Vertical @ 0.5897 closed @ 0.04 profit of $549.7 ETSY 10 Jan 8 155/165 Put Vertical @ 0.8797 closed @ 1.9 loss of $1020.3 RIOT 10 Jan 8 14/16 Put Vertical @ 0.7697 closed @ 0.03 profit of $739.7 ETSY 10 Jan 22 135/155 Put Vertical @ 2.9296 closed @ 0.9797 profit of $1949.9
AMZN 10 Jan 3385/3390/3070/3075 Iron Condor @ 0.5792 closed @ 0.02 profit of $559.2
PINS 10 Jan 8 64.5/66.5 Put Vertical @ 0.5197 closed @ 0.03 profit of $489.7
Total profit of
809.7 + 549.7 - 1020.3 + 739.7 + 1949.9 + 559.2 + 489.7 = $4077.6
Open Trade: TSLA 1 Jun 19 1090 Cover Call @ 117.8222 ETSY 10 Jan 22 140/160 Put Vertical @ 1.5697 JPM 10 Jan 22 128/132 Put Vertical @ 0.8197
AMZN 10 Jan 21 3035/3040 Put Vertical @ 0.4095
More than two weeks out GNOG 10 Jan 21 22.5 / 25 Put Vertical @ 1.2196 (formerly LCA) NNDM 10 FEB 21 7.5 Naked Put @ 1.4748 cover call TSLA 1 Jun 19 1090 Cover Call @ 117.8222 (cost basis around $12) TSLA: 120 shares ======================================================================= #sellingPut #optiontrade #sellingput #putvertical #PutVertical #trading #stock #option ======================================================================= 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.