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BookingAlpha Option Trading Advisory

Tuesday, February 25, 2020

April SPX Credit Put spread

As per the rules, it is a short term oversold environment:

Trade Details:

4 April 2770/2780 Credit Put spread @0.65 credit

Total credit: $260
Max Risk: $3,740
Days to expiration: 52

TRADE UPDATE - March 9, 2020

Adjusted the Credit Put spread downwards
Closed 4 April 2770/2780 Credit Put spread @3.10 debit

The Loss is 2.45 per = $980

Opened new Credit Put spread
 4 April 2250/2240 Credit Put spread @0.85 credit
Total credit $360

TRADE UPDATE - April 17, 2020

4 April 2250/2240 Credit Put spread expires
Profit $360

Combining the earlier loss of $980 with this win of $360 we have a net -$620 
This represents a -16.6% return on Risk

Check out Track Record

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Sunday, February 9, 2020

Enhanced Investing - January 2020 Results

The first month of the year was a relatively quiet one for the Enhanced Investing account, with only 8 closing transactions. Far from the 16-17 average. We closed the month with a profit after commissions of $229.68. As a reminder, this is on a $25,000 account at Tastyworks, with 2:1 margin. Below are the details per position:

Eight short Puts closed and one Covered Call. That was all. The total realized gain represents a +0.9% growth for the account. Yeah, not a whole lot. This represents an annualized 11% return.
We keep riding a WBA stock position, assigned during 2019, and now it is also likely that we will be assigned XOM shares during the month of February. It’s ok. I think it is a very undervalued name. After the assignment, if it finally happens, I’ll start to sell Covered Calls on those shares. We’ll see how the month unfolds! Thanks for reading.

If you enjoyed this content, consider acquiring the Enhanced Investing Course. Where you will learn to properly value companies and adopt strategies that truly minimize your risks while increasing your probabilities of making money. Read more details.

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Thursday, February 6, 2020

March 2020 RUT Elephant

Trade Details:

4 March RUT 1530/1520 Credit Put spread @0.60 credit each
2 March RUT 1765/1775 Credit Call spread @1.00 credit each

3 March IWM 177 Long Calls @0.31 debit each