Dec 2014 Trades Part 3

My Dec 2014 trades Part 3:

Sold:
Feb 2015 51 put (Crude Oil)

Mar 2015 45 put (Crude Oil)

Feb 2015 1750 put

Mar 2015 2150 call

Feb 2015 1840 put

Mar 2015 1650 put

Feb 2015 167 call (Live Cattle)

Feb 2015 1880 put

Feb 2015 2150 call

Mar 2015 2.25 put (Natural Gas)

Feb 2015 4.5 call (Natural Gas)

Feb 2015 2.5 put (Natural Gas)

 

 

 

Bought:

Feb 2015 53 put (Crude Oil)

Jan 2015 1975 put

Feb 2015 1870 put

Jan 2015 156 put (Live Cattle)

Jan 2015 2090 call

Jan 2015 3 put (Natural Gas)

Feb 2015 4 call (Natural Gas)

Feb 2015 2.6 put (Natural Gas)

 

 

Disclaimer:
This is purely for educational purposes and not trade recommendations.

Dec 2014 Trades Part 2

My Dec 2014 trades Part 2:

Sold:
Feb 2015 49 put (Crude Oil)

Feb 2015 5.1 call (Natural Gas)
Feb 2015 5.6 call (Natural Gas)   

Feb 2015 130.5 call (10 Yr Note)   

Mar 2015 14 put (Sugar) 

Feb 2015 340 put (Corn) 

Mar 2015 2.5 put (Natural Gas)   

Feb 2015 142 put (Live Cattle)

 

Bought:
Feb 2015 5 call (Natural Gas)

 

Disclaimer:
This is purely for educational purposes and not trade recommendations.

Dec 2014 Trades

My Dec 2014 trades:

(just this trade as I was away for vacation! :) )

Sold:
Jan 2015 156 put
   

 

Bought:
  

 

Disclaimer:
This is purely for educational purposes and not trade recommendations.

Nov 2014 Trades Part 3

My Nov 2014 trades Part 3:

 

Sold:
Nov 2014 2030 call
Jan 2015 2100 call
Jan 2015 1975 put
Feb 2015 2120 call
Feb 2015 1800 put

 

 

Bought:
Nov 2014 2050 call
Jan 2015 2060 call
Dec 2014 2070 call
Nov 2014 2060 call

 

 

Disclaimer:
This is purely for educational purposes and not trade recommendations.

Nov 2014 Trades Part 2

My Nov 2014 trades Part 2:

 

Sold:
Jan 2015 7 call (Natural Gas)
Jan 2015 6 call (Natural Gas)
Feb 2015 7.95 call (Natural Gas)
Jan 2015 122.5 put (10 Yr note)
Jan 2015 1220 call (Soybean)
Mar 2015 1260 call (Soybean)

 

 

Bought:
Jan 2015 133 call (10 Yr note)
Jan 2015 5.8 call (Natural Gas)
Jan 2015 1200 call (Soybean)
Feb 2015 7.95 call (Natural Gas)
 

 

Disclaimer:
This is purely for educational purposes and not trade recommendations.

Nov 2014 Trades

My Nov 2014 trades:

 

Sold:
Jan 2015 810 put (Soybean)
Dec 2014 2020 call
Dec 2014 1820 put
Dec 2014 700 put (Crude oil)
Jan 2015 2080 call
Jan 2015 1880 put
Jan 2015 1840 put
Jan 2015 2060 call
Feb 2015 1780 put
Jan 2015 1820 put

 

 

Bought:
Dec 2014 1970 call
Dec 2014 2020 call
Nov 2014 1980 call
Jan 2015 1920 put

 

 

Disclaimer:
This is purely for educational purposes and not trade recommendations.

Oct trades Part 2

My Oct 2014 trades Part 2:

 

Sold:
Nov 2014 1690 put
Nov 2014 1940 call
Oct 2014 1880 put
Jan 2015 133 call (10 year note)
Dec 2015 181 call (Live Cattle)
Jan 2015 3 put (Natural Gas)
Nov 2014 1970 call
Nov 2014 1850 put
 

 

Bought:
Oct 2014 1850 put
Oct 2014 1610 put
Oct 2014 1740 put
Oct 2014 1860 put
Dec 2014 1690 put
Nov 2014 1940 call
 

 

Disclaimer:
This is purely for educational purposes and not trade recommendations.

Oct trades

My Oct 2014 E mini S&P trades:

 

Sold:
Dec 2014 1730 put

Dec 2014 1570 put
Jan 2015 1670  put
Jan 2015 1500  put

Jan 2015 1530  put

Dec 2014 1520 put

Jan 2015 2090  call

Jan 2015 2110  call

 

 

Bought:
Dec 2014 1780 put

Jan 2015 1720 put

Jan 2015 2070  call 

 

Disclaimer:
This is purely for educational purposes and not trade recommendations.

Sep trades Part 2

My Sep 2014 E mini S&P trades, Part 2;

Sold:
Nov 2014 2110 call
Dec 2014 2090 call
Jan 2015 2140 call
Nov 2014 1670 put

Bought:
Dec 2014 2060 call

Disclaimer:
This is purely for educational purposes and not trade recommendations.

Sep 2014 trades

My Sep 2014 E mini S&P trades:

Sold:
Dec 2014 1800 put
Dec 2014 1690 put
Jan 2015 1650 put

Bought:
Dec 2014 1840 put



Disclaimer:
This is purely for educational purposes and not trade recommendations.

Correction?

I notice divergence in the spy chart. Prices may move down in the near future.  Trade with care.

Cheers
Wd

Aug 2014 trades Part 3

My August 2014 E mini S&P trades Part 3:

Sold:
Oct 2014 2060 call
Oct 2014 1860 put


Bought:
Sep 2014 2020 call



Disclaimer:
This is purely for educational purposes and not trade recommendations.

Aug 2014 trades Part 2

My August 2014 E mini S&P trades Part 2:

Sold:
Oct 2014 2050 call
Nov 2014 2090 call
Oct 2014 1660 put
Nov 2014 2060 call
Dec 2014 2070 call
Nov 2014 1640 put
Dec 2014 2130 call
Nov 2014 1700 put
Dec 2014 1600 put
Nov 2014 1570 put


Bought:
Oct 2014 2030 call
Nov 2014 2030 call
Nov 2014 1750 put


Disclaimer:
This is purely for educational purposes and not trade recommendations.

Aug 2014 trades

My August 2014 E mini S&P trades:

Sold:
Oct 2014 2050 call
Nov 2014 1760 put
Dec 2014 1650 put
Nov 2014 1600 put


Bought:
Nov 2014 1800 put


Disclaimer:
This is purely for educational purposes and not trade recommendations.

July 2014 trades

July 2014 trades

My July 2014 E mini S&P trades:

Sold:
Aug 2014 2030 call
Aug 2014 1830 put
Sep 2014 2000 call
Oct 2014 2020 call
Oct 2014 2070 call
Sep 2014 1670 put
Oct 2014 1790 put
Oct 2014 1640 put
Nov 2014 2050 call
Sep 2014 2060 call
Oct 2014 1850 put
Oct 2014 1740 put


 Bought:
Jul 2014 1990 call
Sep 2014 1980 call
Oct 2014 1830 put
Oct 2014 2000 call
Oct 2014 1880 put


 Disclaimer:
This is purely for educational purposes and not trade recommendations.

June 2014 trades part 3

June 2014 trades Part 3

My June 2014 E mini S&P trades:

Sold:
Sep 2014 2020 call
Sep 2014 1750 put
Aug 2014 1990 call
Sep 2014 1610 put
Sep 2014 1820 put
Oct 2014 1680 put


Bought:
Aug 2014 1970 call
Sep 2014 1860 put 


Disclaimer:
This is purely for educational purposes and not trade recommendations.

June 2014 trades part 2

June 2014 trades Part 2

My June 2014 E mini S&P trades:

Sold:
Aug 2014 1620 put
Jul 2014 1990 call
Jul 2014 1860 put
Aug 2014 2000 call
Aug 2014 1840 put
Sep 2014 1730 put
Oct 2014 1610 put
Sep 2014 1570 put


Bought:
Jun 2014 1950 call
Jul 2014 1950 call
Sep 2014 1770 put


Disclaimer:
This is purely for educational purposes and not trade recommendations.

June 2014 trades

My June 2014 E mini S&P trades:

Sold:
Aug 2014 1810 put
Sep 2014 1730 put
Aug 2014 1640 put

Bought:
Aug 2014 1840 put

Disclaimer:
This is purely for educational purposes and not trade recommendations.

May 2014 trades part 2

My May 2014 E mini S&P trades part 2:

Sold:
Aug 2014 2000 call
Jul 2014 1950 call
Aug 2014 1970 call
Aug 2014 1550 put
Sep 2014 1650 put
Aug 2014 1700 put

Bought:
Jul 2014 1930 call
Aug 2014 1750 put

Disclaimer:
This is purely for educational purposes and not trade recommendations.

May 2014 trades

My May 2014 E mini S&P trades:

Sold:
Aug 2014 1450 put
Jul 2014 1680 put
Aug 2014 1580 put
Aug 2014 2010 call

Bought:
Jul 1720 put

Disclaimer:
This is purely for educational purposes and not trade recommendations.

April Trades Part 2

My April 2014 Part 2 E-mini S&P trades:

Sold:
Jul 2014 1520 put
Aug 2014 1360 put
Jul 2014 1490 put
Jul 2014 2000 call
Jun 2014 1540 put
Jul 2014 1560 put
Jun 2014 1630 put

Bought:
Jun 2014 1680 put

Disclaimer:
This is purely for educational purposes and not trade recommendations.

The Complete Guide to Option Selling - Review

I came across this book few years back and it totally changed the way I look at options selling altogether.  The book is written in very simple way that traders unfamiliar with futures options could easily grasp the concept behind the author's way of looking at selling options and how selling options on futures could open up a whole new set of opportunities for anyone who may be keen to make some serious money using options.

I strongly recommend this book for those who want to take a totally new perspective in trading to get some insights through this book.  And hopefully, you like me, will embark on this new journey in your trading!

wild dreams

Correction coming?

Heavy selling these two days. .. Stay on the side line meanwhile.

April 2014 Trades

My April 2014 E-mini S&P trades:

Sold:
Jul 2014 1400 put
Jul 2014 1525 put
Jul 2014 1650 put
Jun 2014 1510 call

Bought:
Jul 2014 1700 put

Disclaimer:
This is purely for educational purposes and not trade recommendations.

March 2014 Trades

My March 2014 E-mini S&P trades:

Sold:
Jun 2014 1700 put
Jul 2014 1600 put
Jul 2014 1450 put
Jul 2014 2030 call
Jun 2014 1930 call
Jul 2014 1970 call

Bought:
Jun 2014 1910 call
Jun 2014 1740 put

My March 2014 commodity trades:

Sold Sugar Jun 2014 16 put (closed with profit on 4 April 2014)

Sold Corn Jul 2014 410 put (closed with profit on 28 April 2014)

Disclaimer:
This is purely for educational purposes and not trade recommendations.

The beauty of selling put options

Selling put options proves to be a profitable way of trading compared to what I did previously!

The flexibility of this technique coupled with the risk management of it make it a very attractive strategy for someone who has never made any real money in the stock market like myself. 

There are many ETFs available.  Go for those which are high in liquidity and thus low spread between bid and ask prices.  For example,  the SPY, QQQQ, IWM, etc.

In selling put options,  remember,  you just want the underlying ETF to stay above the put strike price which you sold the put option, to make money. Sounds easy?  :) perhaps.

If you know technical analysis,  great!  Sell put options below the support line to give you that added edge.  Else not to worry too much, try aiming for around 10% below the current price.  You may have to sell 2 or 3 months out.

Wild dreams

Selling options the ETF way

I mentioned I took up two courses on options selling. They were both conducted by our local traders who have been very successful in this niche area.

The first course I took was on stock options.  It uses a very unheard of technique called short guts, which generally means selling in the money options. I was the only participant of the course and one day lasted a full day.  Basically,  the idea behind this form of selling is to create a window to trap the underlying stock which you intend to sell options on it. Call options on the low side, implying in the money call options and put options on the high side, meaning in the money put options.  The equivalence of it is actually the short strangle strategy.

Though the course was taught on stock options, I expanded the idea to ETF instead,  to give myself the added safety net. Stock options though more juicer,  the risk is definitely there.  You never know when the stock will go burst! 

Selling options on ETFs prove to be a success for me afterall. I love the technique very much.

Wild dreams