Category Option Trades

EWZ is the Brazilian Shares ETF. With the overal rising market volatility, and Brazilian elections pumping up uncertainty, EWZ had an IVR above 90, making it an interesting candidate for a new position. I have sold one short strangle 26P and 34C with exp date on 18 nov for a 1.54 credit and a neutral delta. I want to keep it small and profit from…

The drop of stock prices make the option prices spike, it obviously gives a negative P/L , certainly if you positive delta, but it creates also a good opportunity to adjust positions with high credit premiums. And that is exactly what I did with three positions: 1. Adjusting my AAPL short strangle, 145P/170C, exp 21/10: I have rolled it out to 18 Nov for an…

I want to profit of the high IV this week by adding new position in IWM. The stock trades at $170 at this moment with a 73 IVR Putting on a short strangle 147P – 193C exp 18 Nov for a $3.01 credit, with both call and put having a 13 delta, giving the position a neutral delta.

I have currently two strangles in AAPL. I have opened the first one on 13/9 : 130 P – 180 C with exp date 18 Nov for a $3.25 credit. A couple of days later, on 15/9 I have added a tighter second strangle 145P -170C with exp date 21 Oct for a $4.25 credit. AAPL was trading around $154 back then.  Last week and…

XLE has dropped to a new low and with an IVR of 88, I have sold the 59P /85C strangle, exp 18 nov, for $1.84. This trade has a 5 positive delta, and I am looking to close the position at 50% of max profit, after a volatility crush and or a bounce up.

Sold Put Spread 168/172 in QQQ for $1.58, exp 18 Nov. After the down move to 274, I am looking to benefit from a recovery move up. Position with limited margin requirement.

I have been trading MARA multiple times this year. The position I had until this morning was a short naked put that I sold on Sep 13th, strike $10 with expiration on Nov 18th for a credit of $1.45  MARA has been going down the last weeks and was selling around $10, and with a short rise of about 3% this morning, I sold an…

I have sold a $PINS naked put at strike 30 on 5 Jan 2022. The stock was trading at $ 22.60 last Friday, so I will keep rolling this position out in time until profitable. I’ve rolled it 9 times these last months and have been selling short calls at the same strike price to lower the cost basis. The last roll gave me an…

Here is the link to the updated version of the excel spreadsheet I use to keep my journal for my options trading. Explanations are on on our website : Don’t hesitate to provide me some feedback here or there if you have suggestions to improve the spreadsheet.

While researching how margin accounts work, I noticed that only very few websites are fully clear in their explanations and difficult to understand because they lack practical numerical trading examples.  With the resume of my research page about cash and margin accounts, I want to explain the principles and mechanisms that are applied when trading stock and options and illustrate them with easy to understand…