Selling Options For A livinig
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$VZ - Win Trade
Closed great income play and the full Iron Condor $47.5-$52.5 for $224 income and 69% profit on the premium.
Actually this was odd for me since the math formula suggested this condor for around 5% insurance up or down so I was a little puzzled but now I won't doubt her anymore like some of you here. she knows what she is doing :) I love math :)
$SINA -
Sell 15 $SINA $47.5-$52.5 Dec14 Call Spreads for $585 Premium but more important is a lovely 20% insurance against an up move.
$SINA -
Sell 15 $SINA $47.5-$52.5 Dec14 Call Spreads for $585 Premium but more important is a lovely 20% insurance against an up move.
Sweet :)
I don't see $HTZ MOVING TO $26 Any time soon in the next year let alone next month but the trade was made by the math not my logic so let's hope it's good.
P.S
$M in one day I can close the trade for around $250 but I'll wait a bit
That's why my math formula is so great, the specific calculation it makes with IV vs HV makes the trades when they are good, to be great.
P.P.S not IHUB or twitter worked for me in the last 2-3 hours so now I'll post my trades that I took the first hour of markets
Morning trade list -
Slow day and it will get slower and earnings season will pass.
only two but it's better than nothing :)
I will sell call spreads on $SINA and $VLO
I'm not too worry at all since it's. It the first time it is happening.
My guess that more open positions will be avilable as the time passes by.
Regarding you last question, I've contact admin to deal with him regarding some stuff that I can't write down since it's against the rules of ihub.
Not specific about the question.
That's right :)
Also post earnings the IV goes down and the stocks tens not to move allot so it should be a safe trade for a good income
Hi there,
I really don't look at the margin requirement, you think like an option buyer and not like a seller. you should think how much money you are making in this deal when you will close it and what is your max loss if you put on a stop loss if the spreads hits that target.
I have 100k account and from the past experience I had with option xpress I was able to get great commissions and great margin requirements, I don't look at that, once the trade preview is set, I look at how much max at risk if all goes against me and if that number is less than 10k I'm doing the trade. not going into very complicated calculations that will make me not take the trade out of fear.
and yes the spread I sold was $0.35. and again your next question, optionxpress for certain traders with high net worth ( and I'm guessing all other brokers as well) take trades even with less liquidity so they can do the trade outside of the stock exchange for example or whatever way they want and it will be filled but not shown on trades lists.
I don't care how they do it, I only like that they do it for me.
It take sometimes a few hours but almost all cases got filled for me in the past with them.
I'm trying to post tweets and can't for some reasons...
all is good :)
Hi,
I never buy spreads, I always sell them :)
and yes that is right I sold the closer leg and bought the farther leg. this is on call spreads since it's credit you get paid for the short side and with that you pay for the long bought side and you keep what's in between.
I only use my math formula no DD and noting like that. I believe stock price is exactly where it should be and nothing that the market don't know I will know either by DD or technical or fundemental anylisis.
But that's just me :)
Hey there,
It's around $5,500 on cash account and half of that amount on margin
Not at all.
I like to close my losing trades in a row so some people think I'm only losing but it's not the case at all.
Is RAX your first sell options trade in your life? If so it's a hell of a start... :)
If you want, some people contacted me on PM asked me to teach them privately one on one so I'm thinking about doing that for some people. If you are interested, let me know by PM my friend
Closed $KORS second leg of the condor 71-68 for a total Condor lose of $325.
So far for Nov14 - 4 losses,17 wins and 9 trades still open.
It's only nice when I close it at a profit :)
$HTZ -could be great income play
Another spread with amazing premium and small risk got filled.
Sell 25 $HTZ 26-30 Dec14 Call Spreads for 18% insurance against upside move and a wonderful premium of $875
$HTZ -could be great income play
Another spread with amazing premium and small risk got filled.
Sell 25 $HTZ 26-30 Dec14 Call Spreads for 18% insurance against upside move and a wonderful premium of $875
For now...
We still have 6 more weeks to go and in addition I will have around 30 trades for Dec so if 3-5 will lose I'm still good.
If you are afraid to lose money you can use stop loss if it reaches a certain number but I'm not going to advise you on this, it's your choices my friend.
I'm still in it and doing other trades as well that are great income play
selling call spreads is exactly the opposite of what buying options people know.
It means I make money if the stock goes down below the price.
Put spread again is the opposite, I make money if the stock goes up in price above the spread
No buddy. not at all.
It means that $UNG for the example is at $22(give or take) and my call spreads is 25-30 so I make money if it will be below $25 and it's around 16% move up from $22 ( give or take) price right now to $25 plus the premium I got per spread let's say $25.3 so as long as it won't go up around 16% by the Dec expiration to $25.3, I'm making the income that I got.
I hope you understand.
If you want a lesson or something 1 on 1 on skype or understanding my math formula that I use feel free to PM me :)
Ziv
$UNG- Should be amazing income play
I think this one is just amazing .
Sell 25 $UNG 25-30 Dec14 Call Spreads for 16% insurance against the upside and $875 premium play.
With the warm season we have and gas prices going down this should be easy money. however this is not what made me choose it. mathematical formula made me take this trade and those strike prices. my knowledge is just a bonus
:)
Closed $CSCO second leg of condor 25.5-27.5 before earnings for a total condor loss of $252.
I don't think it will break 25.5 But i'm trading safe and less risk
Closed $CSCO second leg of condor 25.5-27.5 before earnings for a total condor loss of $252.
I don't think it will break 25.5 But i'm trading safe and less risk
$BIDU - Win Trade
Just closed 210-200 put spreads for $170 income and 85% profit on the income.
$BIDU - Win Trade
Just closed 210-200 put spreads for $170 income and 85% profit on the income.
$M -
Sell 25 $M $52.5- $50 Dec14 Put Spreads for 13% insurance and $625 premium.
Morning trade list -
I will write call spreads on $UNG and $HTZ AND put spreads on $M.
The premiums on the first two are just amazing so stay tuned :)
Nice man, let's hope you will make money :)
Ziv
Nice lol :)
Maybe one day once people will see I'm making money each and every month consistantly, I will make a website and sell the math formula that I use to pick my trades.
My friends told me I should sell it at $1M I told them it's funny and no one will pay this amount even if it has wings :)
Maybe I'll sell it at a thousand or something who knows, we shall see.
Ziv
Thanks :)
Feel free to follow me on twitter where I do my trades on a daily basis live.
@selling_options
:)
I agree with you and I'm doing that almost all the time but when I try to close a spread for around an hour and it doesn't close I just close the short leg and let the other one expire worthless. Of course I watch it for worst case scenario and if something does happen like in this example the stock will go down by expiration around 40% than I will lose money, but I'm pretty sure it won't happen so I'm sleeping just fine at night :)
Thank you :)
Yes OptionXpress are favorite for options trading and they can do that.
If you are holding, I'm pretty sure it will expire worthless so you have nothing to worry about if your broker didn't close it yet.
$YHOO -
Great income play hopefully just got filled.
Sell 10 $YHOO $55-$60 Dec14 Call Spreads for almost 12% insurance against the upside and $340 premium.
$YHOO -
Great income play hopefully just got filled.
Sell 10 $YHOO $55-$60 Dec14 Call Spreads for almost 12% insurance against the upside and $340 premium.
$FEYE - Win
Closed $27.5-$20.5 Nov14 Put Spreads for $150 income and 75% profit on the premium.
Just goes to show you guys and girls that even after it went down 17% last week after earnings, I made money.
All because of my mathematical formula that I use to pick my trades.
$FEYE - Win
Closed $27.5-$20.5 Nov14 Put Spreads for $150 income and 75% profit on the premium.
Just goes to show you guys and girls that even after it went down 17% last week after earnings, I made money.
All because of my mathematical formula that I use to pick my trades.
$AAPL Iron Condor -
Sell 8 $AAPL 95-125 Dec14 Iron Condors for $312 premium.
Sell 100 Put Buy 95 Put
Sell 120 Call Buy 125 Call
If the stock moves 10% either way, I'm making money.
Post Number 100 :) - $AAPL
Sell 8 $AAPL 95-125 Dec14 Iron Condors for $312 premium.
Sell 100 Put Buy 95 Put
Sell 120 Call Buy 125 Call
If the stock moves 10% either way, I'm making money.
$SBUX - Win
Closed $SBUX 69-84 Nov14 Iron Condors for $155 income and 57% on the premium.
This was a beauty, didn't move and I banked :)
$SBUX - Win
Closed $SBUX 69-84 Nov14 Iron Condors for $155 income and 57% on the premium.
This was a beauty, didn't move and I banked :)
$PSMT - WIN
Closed $PSMT 85-80 Put Spreads for $140 income and 70% from the premium.
Should close worthless for 100% income but I'm moving on