My options account December 20, 2013

I'm back people.  I've still been trading options but took a little break from my blog.  I just finished a very good week making over 30%.  My largest position was an IRON condor in PCLN.  Priceline had a very neutral week and my condor killed it this week.  I lost on three of my positions in AAPL, AMZN and GOOG but still made over 30%.  That is a crazy.  But I have a new two year goal.  My goal is to turn the $16,000 I currently have in the account into $1,000,000 by the end of 2015.  This may seem completely unrealistic but I'm telling you it is completely realistic.  All I need to do is make about 4% per week.  This seems like a lofty goal but getting 4% per week is almost too easy.  I've had a hard time only getting small returns per week but that is where I have lost.  Its when I start trying to get the huge gains like 25-35% per week.  When I got greedy I got burned.  Now I'm going to stick with a plan and as long as I hit it each week for the next two years I'll be a millionaire.  This goal is more about the challenge than anything.  Its about proving the critics wrong.  Showing that the impossible can be possible.  I'm currently working on devising my plan and will fully disclose my trades right here.  This information will be extremely valuable so follow me to get all my updates.  Each week will be different.  A carefully devised plan will be used and as long as I am not completely wrong about the direction of my underlying stocks or the overall market then I will bank my full profits each week.  Nothing can stop me right now!   I'm coming.

Oh, I wanted to share this site with you are all.  Click Here! to get this valualble information free.

Jonny

My options account September 30, 2013

I'm back and making trades again.  My account balance currently sits at $14,918.  I'm already up about $300 on the day.  I'm not going to list all the specifics of my trades but I will make suggestions and will advise what I'm doing in general for each stock.  Today marks a very critical day in American history.  Investors have panicked and the stock market decreased last week and is down today.  We are on the verge of a government shutdown if an agreement can not be made by midnight tonight.  I don't have all the details but my feeling is people are overreacting to this news.  If an agreement is not come to, which is the expectation, I don't think the market crashes.  It may head lower initially but I envision a rebound the same day or later in the week.  This is a great situation for my trades as I am selling put credit spreads again.  I'm focusing on stocks that are very strong (AAPL, TSLA, GOOG, PCLN, NFLX, AMZN, MA, BIDU and HLF).  The increased volatility in the market has pushed premiums of these options up and I'm trying to limit my risk by selling put credit spreads well out of the money.  These are all weekly options expiring at the end of the week.  As the stocks move higher I'll start selling the call credit spreads as I also don't think the market increases substantially.  There's always a risk of the market moving largely one way or the other but I'll bank on the expectation that it won't. 

Some of the trades I have done so far:

AAPL $478.90 465/460 put credit spread
GOOG $879 855/850 put credit spread
HLF $70 67/65 put credit spread
MA $676 655/650 put credit spread
NFLX $309.50 295/290 put credit spread
PCLN $1010 980/975 put credit spread
TSLA $194 180/175 put credit spread

I entered all of these earlier today and my account is now up just over $300 on the day.  Tomorrow will be key in my account's success this week.

Jonny

I'm back, My options account September 25, 2013

After a long vacation I am back and will be posting my trades.  Currently I have a few small trades on:

AAPL $482.25 475/470 Put Credit Spread ($82 credit); 485/490 Call Credit Spread ($85 credit).  Apple had gone up a lot early in the week so I am happy to see the stock move lower today.  I looking pretty good consider what I know.  Amazon has annouced a Kindle product that will compete with Apple's ipads which sent the stock lower.  I don't think the stock will rebound much the rest of the week and I really think Apple will stay between my 475 and 485 strikes.  Two days to go.

HLF $70.78 10 69/68 put credit spreads ($33 credit); 10 72/73 call credit spreads ($20 credit).  HLF was hanging around 68/69 earlier this week but today the stock rose $2 so I'm looking really good right now.  However, if the stock continues its uptrend I could be in trouble.  There are so many short shares sold right now that large increases can always happen.  I'll take the risk as I think we see the stock level out for the rest of the week.

Starting next week I'll have a lot more trades.

Jonny

My options account August 28, 2013

Today went up and down.  Many of my stocks performed well like AAPL, GOOG, AMZN, MA, and TSLA but HLF, NFLX and PCLN did not perform as I was hoping.  Thursday will be very important and I'm looking for another flat to up day.  I need HLF to start moving higher! 

Jonny

My options account August 27, 2013

Today was not a good day for my account.  The overall market was down a lot and many of my stocks were also down a considerable amount.  Around mid day I was thinking about what to do.  I could either hold my positions and see what happens or I could buy back the positions that had creeped into the money.  I decided to buy back those positions and re-position to a safer price.  I had to enact this action in AAPL, GOOG, and PCLN.  I also re-positioned my call credit spreads on AMZN, TSLA, NFLX, MA and part of HLF.  I'm expecting a flat to down market through the rest of the week.  We may get a rebound at some point (either tomorrow or Thursday) so my current strategies are set up to take advantage of this.  I lost $997 today so I wiped out all my gains from last week today.  I still have a decent chance of making a profit this week but its really going to depend on what happens tomorrow and Thursday.

Jonny

My options account August 26, 2013

I had a great week last week with a $1,046 gain for a 38% return.  Today I put on my weekly option positions.  The market was up for most of the day but took a dive in the afternoon after John Kerry opened his mouth.  Here are a list of my positions:

AAPL $502.97 495/490 put credit spread; 505/500 put credit spread; 2 520/525 call credit spreads - Apple was up about $10 earlier in the day but came down in the afternoon. 

GOOG $866.39 860/855 put credit spread; 890/895 call credit spread

HLF $64.98 6 62.50/60 put credit spreads; 2 65/64 put credit spreads; 7 67.5/70 call credit spread.  HLF is again my largest position.  The stock hasn't moved much but the premiums are large enough to make good money.

NFLX $282.50 2 270/265 put credit spreads; 2 300/305 call credit spreads.  Netflix was up a lot earlier but came down like every other stock.  I'm looking good on these positions.

PCLN $949.54 935/930 put credit spread; 945/940 put credit spread; 2 970/975 call credit spread

AMZN $286.21 280/275 put credit spread; 295/300 call credit spread

MA $615.18 610/605 put credit spread; 635/640 call credit spread

TSLA $166 160/155 put credit spread; 185/190 call credit spread

Well there you have it.  The big days are Tuesdays and Wednesdays and it will be a good indicator of what I can expect.

Jonny

My options account August 23, 2013

Today went as expected and my account was up over $1,000 this week.  That is over a 35% gain!  I hope to keep the wins coming next week.

Jonny

My Options Account on August 22, 2013

Today was an interesting day.  The Nasdaq halted for 3 hours.  I'm not really sure what happened there.  The overall market was up and my account was pretty steady and finished up $87.  That's a three day winning streak.

HLF was down again by 0.26 to 63.49.  My positions were up $114 on the day and my 62.5/61 put credits are looking good.  I would love it if the stock can break this streak of starting up and finishing down.  I have 2 65/64 put credit spreads and one 62.5/64 call debit spreads so I really hope the stock can move above 64 tomorrow. 

Apple was up .64 for a $52.50 gain.  The stock is at 503 and I need it to stay between 495 and 510.

Google was up 4.38 to 873.71 so I am looking great on my 860-890 position.  Options were up $62.50 today.

MA was down 2.05 to 617.26 and I'm looking good on my 610/605 put credit spread going into tomorrow.  I was up $40 in my options today.

PCLN was up 11.54 to 951.74 and I need the stock to stay between 935 and 955 tomorrow.  I lost $58 on my options today.

TSLA was up 9.14 to 157 so looks like I'll take a full loss on my 148/150 call spreads.  I guess I'm glad I took such a big risk on this stock because if I would have put on a call spread at a higher strike I most likely would have lost more.  Its a small position so I'm okay with it.

I also have a very small position in SPY.  The option value is currently at 166.10 and I need it to stay between 164.50 and 166.

Expiration Friday is tomorrow and I'm looking forward to completing this successful week.

Jonny

My Options Account on August 21

Today I saw a lot of volatility in my underlying stocks and the overall market in general.  Stocks were down, then they came back up and then they went back down again.  My account was up $259 today.  All of my strategies are looking good so far this week.  I did make some additional trades and re-positioned a few positions. 

My largest position is in HLF.  Herbalife was up early after an upgrade but lost all those gains and finished down .97 after Bill Ackman made a statement.  The stock is currently at 63.75.  Yesterday I sold 10 contracts of the 67.5/69 call spread for .19 so today's action sort of wiped out the premium on that position and my 62.5/61 put credit spreads are still looking good.  My options in HLF were up $67.50 today. 

All my other positions finished the day okay.  Apple was up .93 to 502 and I currently hold the 495/490 put credit and the 520/525 call credit spreads.  Google was up 3.91 to 869.33 which is right in between my sold strikes of 850 put and 890 call.  I was up $89 in AAPL and $25 in GOOG today.

My two fast moving stocks of PCLN and MA also did good today.  PCLN was up 6.83 to 939.60 which is right in between my sold strikes of 920 put and 955 call.  MA was down 3.10 to 619.31.  I'm still looking good as I sold the 610/605 put spread and the 640/645 call spread.  I was up $72 in PCLN and up $15.50 in MA  today.

Telsa (TSLA) was down a lot early and I sold one more of the 148/150 call credit spread when the stock was around 147.  Yesterday I sold two 144/142 put credit spreads so my window is small but profit potential is very large.  The stock is right between my strikes of 144 to 148.  The stock is currently 147.19.

Overall a good day.  I really need a good week.

Jonny

My Options Account on August 19 & 20, 2013

I wasn't able to post yesterday but here is a summary of my positions for this week:

AAPL $501.16 495/490 put credit spread; 530/535 call credit spread
GOOG $868.60 850/845 put credit spread; 890/895 call credit spread
HLF $63.76 8 62.50/61 put credit spreads; 1 65/64 put credit spread; 2 62.50/64 call debit spreads
MA $620 610/605 put credit spread; 640/645 call credit spread
PCLN $934 920/915 put credit spread; 970/975 call credit spread
TSLA $147.32 138/135 put credit spread; 148/150 call credit spread

Overall I am bullish this week after the down week last week.  HLF was down a lot yesterday but recovered some and I feel I got a gift on my 62.50/61 put credit spreads.  My average price on the spread is .39.  If the stock stays above 62.50 this week I will bank a 32% gain.  So far I feel good about my positions and hope we have a nice calm and up week. 

If all goes well I will make a 35% gain this week.  So far today my account is up $324. 

Jonny

My Options Account on August 16, 2013

Today went very well.  Most of my options were up and was able to get out of my PCLN at a loss at less than total.  AAPL, PCLN and HLF were my big winners.  I added in a condor in PCLN which worked out nicely for a 25% gain.  I loaded up on the 66.5/68 HLF call credit spreads so even though the stock was down I made $301 on my options.  Overall it was a rough week for me but at least I added $604 back today.

I may post a few of my trade suggestions this weekend.

Jonny

My Options Account on August 15, 2013, Part 1

The market is down big today and I see a lot of opportunities to sell some put spreads right now.  Here's a few of my trades I'm making mid day (all expiring tomorrow):

PCLN $937 Sell 930/925 put spread for 1.00
AAPL $501 Sell 495/490 put spread for .85
MA $621 Sell 615/610 put spread for .55
HLF $65.25 Sell 65/63 put spread for .35

I get the feeling that the market is oversold in the short term and we will see a slight rebound to the upside later today or tomorrow.

Jonny

My Options Account on August 14, 2013

Today was a rough day again.  I made a lot of HLF ($444) as the stock was up 1.50 to $66.12.  That was the only good news for my account today.  AAPL was up about $8 today so that was pretty good and I sold my 505/510 call spread for 1.10.  However, my 495/500 call credit spread is now it danger of losing this week.  My large position is on PCLN and I have patiently waiting for the stock to go up.  It just doesn't want to go up and was down again today by 13.61 to 940.  I need the stock to go over 960 which is still possible with this stock.  Priceline is known to make big moves so I'm still holding but I'm getting a little worried about my position and may exit if things keep getting worse.  TSLA was down 6.43 to 139.  I need the stock to get above 144.  I still have two days!  That's all I have going for me. 

Also, AMZN and GOOG were down today and getting very close to my put strike. Thursday will be a very telling day.  I would still recommend selling put spreads out of the money in AAPL, PCLN, MA, AMZN, GOOG, HLF and TSLA.  The market is due for a correction to the upside later this week.

Jonny

My Options Account on August 13, 2013

Today wasn't a very good day in my account.  The overall market was up but PCLN and HLF were down.  AAPL was up big so I had to exit and re-position my options.  For tomorrow I will be looking to add some put credit spreads in AAPL, PCLN and MA.  I think PCLN has made a temporary bottom and AAPL is going to continue the uptrend.  Stay out of the money on these to give some cushion.  Here are the plays I will be looking at:

AAPL $489.57 Sell 475 put, buy 470 put for a net credit of .40 (.37 after commissions).  This would be a 8% gain if the stock stays above 475 on Friday.

PCLN $953.61 Sell 935 put, buy 930 put for a net credit of .44 (.41 after commissions).  This would be a 9% gain if the stock stays above 935 on Friday.

My account lost $868 today so I need PCLN and HLF to head higher sooner rather than later.  I'm looking good on my other strategies.  I repositioned AAPL to 480/475 put credit spread and 495/500 call credit spread.  I also bought a 505/510 call debit spread for a small price in case the stock takes off more.

Jonny

My Options Account on August 12, 2013

Today was an interesting day.  I was assigned on 200 shares of PCLN from my 970 puts that I failed to exit on Friday and the stock was down all day.  I sold the shares right after open but took a $1,300 loss on those shares.  Not a good way to start my week.  I put on my positions and ended the day up $229 on my options but overall I lost $1,082 on the day.  Here are my current positions:

AAPL $468.07 2 455/450 put credit spreads; 2 475/480 call credit spreads
AMZN $269.69 1 290/285 put credit spread; 1 305/310 call credit spread
GOOG 885.50 1 865/860 put credit spread; 1 900/905 call credit spread
HLF $66.20 6 64/62 put credit spreads; 4 66/64.5 put credit spreads; 6 70/72.5 call credit spreads
PCLN $958.02 5 960/955 put credit spreads; 3 980/985 call credit spreads; 2 990/995 call credit spreads
TSLA $147.95 2 144/142 put credit spreads; 1 144/143 put credit spread; 1 155/160 call credit spreads

So this week I put a good majority of my funds into HLF and PCLN.  If Priceline can stay between 960 and 980 I will make a very large return.  I sold the 960/955 put spread for an average price of 2.00 so this would be a 66% profit if the stock can close above 960 on Friday.  They had a very good earnings report but the stock has run up really fast.  I am nervous about this strategy but the stock has been so strong I would expect a positive week from here.

HLF has been stuck around the $66 price so I sold some calls well out of the money so I can take advantage of this tight range.  I'm really hoping for a positive day in the market on Tuesday to get my account up a lot.  If all goes well this week I'll turn the $4,000 I started the day with into $6,800.

Jonny

My Options Account on August 9, 2013, Part 2

Well, today didn't finish exactly how I envisioned it but it could have been a lot worse.  My PCLN strategy worked out well as I finished up $732 on my options.  I was also up on NFLX and GOOG.  That's the good news.  The bad news is on AAPL, HLF and MA.  I was disappointed that Apple and Mastercard were down so much today.  I had expected those stocks to stay the same or move higher today but it didn't work out that way.  HLF was equally as disappointing as the stock was even or up most of the day but started going down towards the end of the day and finished down .74.  I had to buy back my 11 66 put options for .65.  I still made plenty of money on HLF this week but today I lost $133.  I was down $783 on AAPL and down $587 on MA.  My account lost $580 today and I finished just over $200 on the week.  Not bad but I need a few consistent 10% plus weeks to get me back on track.

Jonny

My Options Account on August 9, 2013, Part 1

Today is going okay so far.  I was very worried about my PCLN options and early this morning the stock was up over $990.  It has come down to $976 and I re-positioned my put spreads and sold four of the 970/965 for a short term gain if the stock can stay above 970.  I will be looking for PCLN to stay between 970 and 980 today for a very large gain.

The other two stocks I'll be looking at are MA and AAPL.  Both stocks are down today and I really need them to start heading higher soon or I'll have to buy back my put spreads.  I want to avoid large losses today. 

HLF is sitting right at 66 so as long as it stays here or goes up I'll be looking really good.

Jonny

My Options Account on August 8, 2013

Today was a really good day for me.  My account was up $1,017 today.  My big winner was HLF, my largest position.  Herbalife was up 1.48 to 66.65 today and as long as the stock stays above 66 tomorrow I'll be a big winner.  I added one more 66/64 put credit spread sold for .55 today and I bought back my 4 62.5/60 put spreads and my 4 62/5/61 put spreads for .07 and .05 respectively banking those gains.  I moved the funds into an earnings play on PCLN.  My HLF options were up $651 today.

Priceline is one of my favorite stocks to watch and it has been up a lot over the past 3 months, 6 months and 1 year.  The PEG ratio is a respectable 1.28 so the stock is still valued appropriately based on the expected growth.  With that said I was expecting the stock not to move up as much as it did so I sold 3 680/685 call spreads for 1.22 each.  The stock was currently trading at 933 so the stock would need to go up more than 47 points on Friday for me to lose money.  Priceline reported very stellar earning and the stock rose and has settled after hours at 981.60.  To say I'm nervous about my position is an understatement.  A lot of things can happen tomorrow so I'll be watching closely.  I also added 1 995/1000 call credit spread for .65 and 4 855/850 put credit spreads for .35.  I'm kicking myself for this move now because PCLN has been so successful and must have outstanding management.  I just didn't think they could do so well with the business they are in.  Guidance wasn't raised for the next quarter so this could help the stock stay where its at or move a little lower tomorrow.  We'll see.

I'll be watching all my other options as well tomorrow.  Here is a summary of where I'm at:

AAPL $460.86; 3 460/455 put credit spreads; 3 470/475 call credit spreads.  I have a tight range here but I feel pretty good about these positions unless the market heads lower.

GOOG $892.66; 1 885/880 put credit spread; 1 905/910 call credit spread.  I feel good about these positions and hopefully we don't see a big move on Friday.

NFLX $250.40; 2 245/240 put credit spreads; 2 255/260 call credit spreads.  I don't feel compfortable wih this position even though the stock price is in the perfect place for my condor.  I've seen too many 10+ moves but I had to hold on due to the size of the premiums.  The stock was only up 1.19 today so hopefully we see another day like that tomorrow.

I bought back my TSLA 130 put and sold the 128 put so I banked a $80 gain today.

Check back tomorrow and I should have a morning update or possible trades.  PCLN should be a good stock to trade tomorrow. 

Jonny

My Options Account on August 7, 2013

Today was a pretty good day.  I didn't make many trades today and just let my positions ride.  NFLX was my big winner as the stock was down 6.69 to 249.21 and its sitting right between my strike prices.  MA was my big loser as it was down 7.68 to 646.32 which is below my 650 put that I sold.  I am still confident in the upside of MA so I won't buy back just yet.  HLF was down just slightly and I think the stock will head higher if we can have a positive day in the market.  For earnings I sold one TSLA 130/128 put spread for .82.  The stock was up big after hours so looks like I'll bank that $82.  Overall I lost $18 in my account today and I'll be looking for a big positive day on Thursday.

Jonny

My Options Account on August 6, 2013

The overall market was down 0.74% on the Nasdaq and 0.60% on the Dow.  My account lost $347.  AAPL was down 4.25 to $465 and I need Apple to stay between 460 and 480.  I like Apple's upside so I feel pretty comfortable with my position.  If the overall market is down a lot this week then I am at risk on my 460 puts.  I have a small position in GOOG and the stock was down 8.43 today to 896.50.  I'm in a good position as I need Google to stay between 885 and 920 by Friday. 

My largest position is in Herbalife and I added to this position today when the stock was down.  HLF finished down 1.11 to 65.56.  I added some 66/64 put credit spreads with an average price of .925 and some 66/65 put credit spreads with an average price of .50.  If HLF can go and stay above $66 by Friday I'll be banking a very large percentage gains on all my positions.  The stock moved in relation to the overall market today and I expect HLF to have a very large move up at some point in the near future.  It may not happen this week or next week but it will happen based on my opinion.  I lost $189 on my HLF positions today.

Another stock that I am very bullish on is Mastercard.  MA was up 11.55 to 654 today.  I am bullish but I wasn't expected such a large move in this stock so quickly over the past week.  I sold the 660/665 call spreads so I want MA to stay below 660.  Based on the current action I don't like my chances.  I re-positioned my put spreads and sold 3 the 650/645 for 1.35.  I  have a very tight range so I'll be looking for the stock to stay relatively flat tomorrow and will look to exit with some small gains either tomorrow or Thursday.  Its more of a guessing game at this point and I don't like to be in those positions. 

My last option position is in NFLX and the stock was up again today by 2.06 to win 255.90.  I'm not ITM in my 255/260 call credit spread but didn't exit because I re-positioned my put spreads to 245/240.  I'm going to watch to see how this stock moves on Wednesday.  I feel NFLX is way overvalued and I'll looking for a pull back this week.

Jonny

My Options Account on August 5, 2013

I had a very good day in the market today.  As I discussed previously, my main focus this week is on HLF (Herbalife).  I strongly believe this stock will go higher or at least not go down.  There's a lot of news out on this stock so I believe we see more investors/traders go long which could catapult this stock much higher.  Going into the day I had 4 contracts of the 62.50/60 put credit spreads.  I added 4 contacts of the 62.50/61 put credit for .41 (32.7%) after the stock was up about .60 on the day.  I also added 1 more contract of the 62.50/60 put credit spread for .68.  I also bought 1 65/67.5 call debit spread for .85 to take advantage of more upside this week.   The stock rose throughout the day and in the afternoon I added 2 66/64 put credit spreads for .85 (69.5%) and 2 66/64 put credit spreads for .95 (85%).  At the end of the day my positions in HLF were up $366 after the stock finished up 2.75 on the day.  If that isn't an indication of where the stock will be going I don't know what is.  The overall market was down and this stock was up over 4%.

I also entered some of my standard credit spreads and here is a summary of my positions:

AAPL $469.55 3 460/455 put credit spreads at .78; 3 480/485 call credit spreads at .51
GOOG $905 1 885/880 put credit spread at .55; 1 920/925 call credit spread at .65
MA $642.45 3 630/625 put credit spreads at .84; 3 660/665 call credit spreads at .55
NFLX $254.03 2 235/230 put credit spreads at .60; 2 255/260 call credit spreads at .63

My account was up $443 today which is much better than most Monday's.  NFLX is my only concern at this point.  The stock just shot higher at about 1pm Central and went from $246.80 to $254 in two hours.  I'm checking into why as this stock is way overpriced.

Jonny

My Options Account on August 3, 2013, HLF Analysis

I know its Saturday but I often times do my research for the coming week on the weekend.  I always like to have a plan before Monday comes.  One stock that I've learned a little about is Herbalife (HLF).  I made some money on this stock last week due to the earnings play.  I noticed a huge amount of shorts in the stock (30 million and 43% of float).  I learned that a hedge fund manager named Bill Ackman shorted an extreme amount of this stock believing that their business model is illegal.  I've had some experience is multi-level marketing companies and know the model is not illegal.

The numbers look very good for HLF.  Herbalife just reported earnings that beat expectations and guidance was raised as well.  Investors love growth and this company is growing.  They've grown 27% over the past five years and are expected to grow at a 15% rate over the next five years.  The trailing PE is only 14.99 and the forward PE is 11.38.  The PEG ratio, which is the PE ratio divided by the five-year growth rate is only .88.  I got this number off of yahoo finance.  It appears it takes the average PE of the trailing and the forward.  The lower the PEG the cheaper the stock.  Anything under 1.00 is considered to be a very good value. 

Bill Ackman is going to do his best to try and bring the stock price down but due to this large short interest there is extreme risk of the stock moving up very fast and very high.  I can't predict the future but I'm going to be watching this stock closely and will try to profit off of it.  For next week I already have 4 62.5/60 put credit spreads that I sold at .76 on Friday.  That is a 41% gain of the stock can stay above 62.50 by Friday.  The stock is currently trading at 64.09 so there is some risk but after seeing their earnings report last week and with all the shorts I think its a very good risk to take.

To give a little information on how the amount of shorts can benefit the longs I want to give my take.  I've seen this many times before on stocks that seem way overvalued and have a lot of short interest.  Any sudden move up will create a "short squeeze".  During a short squeeze people who are short are forced to cover or buy back their shares by their broker.  These forced purchases of the stock create a fast move higher in the stock.  HLF is very similar but they are not overvalued and have more shorts than I have ever seen in a stock.  This is a receipt for a very fast move higher at some point in the future.  Now let me be clear about this, Bill Ackman holds a lot of these short shares and he won't be forced to cover.  But I'm sure there are plenty of smaller traders who followed Bill's lead who won't have a choice if this stock starts moving up.  I don't buy into Bill's theory that HLF's business model is illegal so I'm going to stay long on this stock and I'm expecting it to be very profitable for me over the next few months.

I'm going to be posting some more analysis later so please check me out again soon.

Jonny

My Options Account on August 2, 2013

Today was up and down for me.  I made $304 in my account today and only a $4 gain on the week.  My MA plays worked out perfectly as the stock stayed just above 645.  However, my PCLN plays took a large loss today as the stock continued going up.  I also lost a little on GOOG and AAPL.  I made money in AMZN, LNKD and AIG.  I'm a little disappointed in how this week ended but it could have been much worse.  I'll have some very good plays for next week.  Have a nice weekend.

Jonny

My Options Account on August 1, 2013

Today was a very volatile day on the upside for my stocks.  MA was up 35, PCLN up 29, GOOG up 16.  My main concern will be on all three of these stocks going into tomorrow.  I did some trading on MA today and purchased a 640/645 call spread.  The stock is currently at 646 and if it stays above 645 tomorrow I'll make a profit of $310.  I purchased the spread for $190.  I also bought back my put credit spread and sold 1 635/630 put credit spread for 1.01 and one 645/640 put credit spread for 2.20.  It will be important that MA doesn't move down tomorrow.  I also sold 2 655/660 call credit spreads so I don't want to see the stock move up too far.  I think we have a pretty flat day in the market and my stocks all around.

PCLN blasted right through my call strike of 895 and the stock is currently at 904.  I am expecting a pull back tomorrow but getting the stock to drop $9 will be hard unless the overall market is down big.

GOOG also went through my call strike at 900 and the stock is sitting at 904.  I just need Google to go down a little tomorrow.

I have a tight range in AAPL 450-460 and the stock is at 456.83 so just need Apple to stay where its at or go down slightly.

I adjusted my NFLX call spread yesterday to 250/255 and the stock is at 249.20 so I need this stock to stay the same or go down tomorrow.

For AMZN, I adjusted my call spreads to the 305/310 and the stock went up throughout the day and is sitting at 305.50.  I'll need Amazon to take a breather and go down a little tomorrow.  

For earnings plays I checked out LNKD and decided to buy a strangle spread.  The stock closed at 212 and I bought the 200/195 put spread for 1.55 and the 220/225 call spread for 1.75.  They reported very good earnings (.38 vs. .31 est) and the stock is now up to 229 in after hours trading.  As long as they close over 225 or under 195 I'll make a profit of $170 or 50% in one day. 

I also put in a small play in AIG.  I sold 2 46/45 Put credit spreads for .25.  The stock reported good earnings and I should have no trouble pocketing the $50 gain tomorrow.  That's a cool 28% gain after commissions in one day.  And this one seemed easy.  Wish I had more capital to invest.  It was a last minute decision with my remaining buying power.

So to summarize, I need the market and most of my stocks to go down tomorrow with the exception of MA and LNKD.  Hopefully tomorrow will be a good day.  I've had my fair share of bad expiration Fridays so I'm due for a good one.  We'll see how it goes.  My account lost $657 today, which isn't all that bad considering the volatility.

Jonny

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My Options Account on July 31, 2013, Part 1

Today is going really well for me in my account.  So far my account is up $546 or 10.3%.  My MA earnings play worked out very well as MA reported great earnings and the stock rose.  After some news about debit card fees today the stock immediately dropped and was down all the way to $570.  I tried to buy a call spread at that time but the stock moved back up too fast and is now trading at 613.  Lots of action in this stock.  I bought back my 590/585 put spread for .18 and sold the 605/600 put spread for 1.00.  The stock shouldn't go down the rest of the week so this play seems pretty safe for a 25% gain in two days. 

I'm feeling really good about all my strategies except PCLN.  Priceline is down again today and is now "in the money" on my 880 put.   I sold 3 of the 880/875 put spread and the stock is now at 877.  I adjusted two of my call spreads so I won't be buying anything back today.  Hopefully the stock can move back up tomorrow. 

For an earnings play I am looking at Whole Foods (WFM).  Due to increased competition and a PEG ratio of over 2 I am selling the 57.5/60 call spread for .65.  The stock is currently at 55 so as long as WFM doesn't move up over 57.5 tomorrow I will be good. 

Jonny

My Options Account on July 30, 2013, Part 2

Overall today went really well.  I was disappointed that HLF drifted lower and closed negative.  I still made $77 on my earnings plays but wanted more!  My account was up $342 on the day with all stocks making money except a small loss of $9 on TSLA.  I have no major concerns at this point.  I put on another earnings play in MA who reports in the morning.  MA is currently trading at 601.42 and I sold 1 contract of the 590/585 Put Credit Spread for 1.30.  I'll be looking for the stock to head higher before the market opens. 

Jonny

My Options Account on July 30, 2013, Part 1

Today is going really well in my account.  My earnings play on HLF was looking great after earnings and all morning but the stock has retracted and is just barely up on the day.  I was hoping to make a little more but I'm still up about $100 on my strategies.  I am planning to exit most of these positions today and sell a MA put credit spread before earnings tomorrow morning. 

This week I have diversified my $5,000 as follows:

AAPL $454.89 2 440/435 Put Credit Spreads; 2 460/465 Call Credit Spreads
AMZN $302.23 2 295/290 Put Credit Spreads; 2 315/320 Call Credit Spreads
GOOG $891.80 2 880/875 Put Credit Spreads; 2 900/905 Call Credit Spreads
NFLX $243.60 1 235/230 Put Credit Spread; 1 260/265 Call Credit Spread
PCLN $888 3 880/875 Put Credit Spreads; 1 870/865 Put Credit Spread; 2 905/910 Call Credit Spreads; 2 915/920 Call Credit Spreads
SPY $168.76 2 168/167.5 Put Credit Spreads; 2 170/170.5 Call Credit Spreads
TSLA $132 2 125/122 Put Credit Spreads; 1 145/150 Call Credit Spread

Jonny

My Options Account on July 29, 2013, Part 2

After researching Herbal Life (HLF) I've decided to put on a bullish strategy for earnings tonight.  The stock is currently priced at $60 and has shown good growth and has historically beating the earnings estimates.  The forward PEand PEG ratio are good and there's a lot of short interest so I like the upside potential.  I sold 2 contracts of the55/52.50 Put Credit Spread for .65 and bought on call debit spread at 60/62.50 for $1.00.  I didn't have a lot of capital to invest so I just put on a few small positions.

Jonny

My Options Account on July 29, 2013, Part 1

Last week started out extremely well but finished poorly as Baidu, Google and Amazon caused me to lose as I was wrong about these stocks last week.  I ended up the week even and will look to get back on the winner track this week.  I'm putting on my standard iron condors and will post my trades later.  I may have one earnings play on HLF and am doing research on this stock now.

Jonny

My Options Account on July 26, 2013, Part 1

I put on a very bearish option strategy on AMZN yesterday expecting the stock to drop.  They reported very bad earnings and missed on EPS, Revenue and they lowered guidance.   For some reason they stock just doesn't want to go down and was hanging in there today but now (9:09am Central) the stock is starting to decrease again and is down 3.17.  I sold 5 contracts of the 320/325 Call Credit Spread but I also sold 3 contracts of the 295/300 Call Credit Spread.  I was expecting at least a $10 move down so lets see if we can get there.  I'm currently up $700 on my AMZN strategies.

Also, I noticed that EXPE reported very bad earnings yesterday and that sent PCLN down very big after hours.  The stock recovered this morning and when it was at 895 and sold 6 contracts of the 885/880 Put Credit Spread for an average price of 1.05.  As long as the stock stays above 885 today I will profit over $600.

Today is going to be a very interesting day.

Jonny

My Options Account on July 25, 2013, Part 2

Amazon.com reports after the close and the stock has made a big run up over the past year and last 3 months.  The valuations (PE, PEG) show that the stock is way overvalued.  I'm selling call spreads and most of my call spreads are the 320/325.  The stock is up today and currently trading at 304.11.  Anything can happen since the expectatations are so low but I think it will be hard for Amazon to go up today.  We'll see very shortly.

Jonny

My Options Account on July 25, 2013, Part 1

Well I was finally wrong about one of my earnings plays.  BIDU was up a lot after they reported and luckily for me they decreased this morning from their highs so I was able to buy back my spreads at a decent price.  I then went long by buying the 125 call option when the stock was down to 121.  I've managed to make some good money on these calls and am currently working on selling some of the calls.  Google is down big today as well and I'm losing on my options there.  I'm trying to recovery some of the losses I had earlier today but most likely this will be a big negative day for me.  I'm still up nicely on the week but my goal to double my account balance this week will not happen unless I go all in on AMZN. 

Jonny

My Options Account on July 24, 2013, Part 2

I sold/bought back all my Apple options today and moved that money into BIDU, FB and V.  All three companies are reporting quarterly earnings after the bell today. 

My largest position is in BIDU.  Baidu's stock has increased 20% since last earnings report and has pretty decent fundamentals.  After researching how the stock normally performs after it reports earnings there seems to be a general trend lower the day after earnings are reported, even if they beat estimates.  This information along with the recent run up has led me to the conclusion to sell call spreads.  The stock is currently at 113.32 and I sold 6 120/125 Call credit spreads with an average credit of .78.  As long as BIDU doesn't go up past 120 I'll be good tomorrow.  This stock used to be a high flyer but growth has slowed so unless they report a huge beat or great guidance we shouldn't see the stock move higher. 

I also have a position now in Facebook.  The stock is at 26.33 and due to the fact that this company has so much growth potential I am selling put spreads.  I have 10 25/23.50 Put Credit Spreads with an average credit of .32.

I also did a one contract Iron Condor of V.

Jonny

My Options Account on July 24, 2013, Part 1

Another great day for me trading options.  Apple is up big after last night's earnings report and I made full profits on my overnight strategies.  I'm up $740 on these positions.  This is a nice 29.4% gain in one day.  My Google strategies are looking very good as well today as the stock price is right between my call and put strikes and I'm up $175 on these options today and $368 for the week so far. 

I'm still holding my NFLX 260/265 Call Credit Spreads and as the stock is down again today it looks as though I will bank full profits (100%) on these two spreads. 

My account is up $1,169 so far today and I'm only $2,000 from doubling my account balance since Monday morning. 

For tonight I am looking at the following stocks to play the earnings: FB, BIDU, V, and LVS.  I am developing some ideas but currently I haven't put any positions on.  Check back later for my plays on these stocks.

Jonny

My Options Account on July 23, 2013, Part 3

I was able to buy back most of my NFLX options however I couldn't avoid paying a commission on the buy backs because the price to buy back was never .05 or under.  Oh well, I sold the call spreads for between $.95 and 1.40 and bought them all back for .03.  I took my gains and did the following on AAPL just before the close:

8 contracts 395/390 Put Credit Spread at an average price of .67
3 contracts 425/430 Call Debit Spread at 2.05
3 contracts 415/410 Put Debit Spread at 2.05

Apple reported earnings this afternoon and beat EPS, Revenue and margin estimates.  They also blew away the iphone estimates of 27M phones and they sold 31.2M phones last quarter. 

The stock is up to 436.50 in after hours trading.  As long as it stays above 430 I'll be looking at some nice gains of about $700-750 and should be able to bank most of it tomorrow. 

I haven't made any specific goals for the week but if I can be right on two more plays I should be able to double my money this week.  However, I'm still not out of the woods with Apple.  I'll need to get through tomorrow first.

Jonny

My Options Account on July 23, 2013, Part 2

My NFLX and GOOG positions are looking great today and my account is up $2,000 on the day.  Not bad considering my balance was $5,100 yesterday so that's a gain of 39% in one day.  For tonight I am weighing my options in Apple.  The premiums are not very large which makes for a good opportunity to buy options.  The stock is at $422 right now and I'm considering doing put debit spreads or possibly straight buys at the 415 Put and 430 Call range.  I most likely will do the spreads and if I do the 415/410 Put Debit Spread and 425/430 Call Debit Spread I will invest $400 for each contract with the potential to make $100 (20%) if the stock moves more than $10-12 points by the end of the week.  I am also considering just a directional put credit spread at 395/390 which will give me a credit of .56.  This is a tricky one because as I'm expecting a good report it is possible the stock sells off again due to growth issues.  But these are the plays I'm looking at and will most likely do.

Jonny

My Options Account on July 23, 2013, Part 1

Yesterday I put most of my funds into NFLX before their earnings report.  I have the following positions:

8 contracts 205/200 Put Credit Spread
4 contracts 300/305 Call Credit Spread
2 contracts 290/295 Call Credit Spread
2 contracts 260/265 Call Credit Spread

I was heavily weighted towards a negative earnings release.  The stock was down a lot after the report and opened down about $9.  Currently it is coming back and only down $2.  I'm still up $900 on my positions.  That's a nice gain in one day.  The stock is currently trading at 259.61.

I also have a large stake in GOOG.  I have 7 contracts of the 895/890 Put Credit Spread and 7 contracts of the 910/915 Call Credit Spread.  I entered 2 contracts of the 910/915 Call on Friday and the stock was up big yesterday.  After a huge earnings miss and a large run up over the past 3 months I am predicting we see a pullback this week.

Towards the end of the day I will exit many of my NFLX positions since most of the premiums are minimal and I will enter into some AAPL positions to play the earnings report this afternoon.  Check back soon.

Jonny

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My Options Account on July 22, 2013, Part 1

There's a lot of earnings this week and I am making very specific plays each day.  For tonight, the big earnings report is on NFLX.  Netflix has been up a lot over the past year and has gained 231%.  The stock has gone from $216 after last earnings report to $266 where it sits currently.  The stock is very expensive right now as it has a 651 trailing PE, 86 forward PE and a huge 9.69 PEG.  The short percent is still high at 16.90 but has gone down since the prior month.  This stock has gone up too far too fast and I'm expecting a decrease in after hours unless the earnings report shocks us with outstanding numbers.  I'm selling the 300/305 Call Credit Spreads at around $1.05 per.  I also did a 260/265 Call Credit Spread at 2.50.  If I was a gambling man I would probably go all in on the 260/265 call credit spread.  But with the 300/305 I will still make money even if the stock goes up after earnings.  It just can't go up a lot.  The probabilty is stacked in my favor for this trade.

Tomorrow is Apple's earnings and I will be much more bullish on this stock.

Jonny

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My Options Account on July 19, 2013

Sorry for my late post.  Yesterday was sort of up and down.  I did very well with my ISRG straddle and with my NFLX condor but PCLN just couldn't go up this week and AAPL was down.  Also, what happened with Google?  They report earnings that missed the expectations by a mile and the stock was down a ton after hours.  But once the market opened Google started going up and only ended being down $14 which made me lose on my straddle.  Overall it was another bad week for me as I dropped $900.  I made a few withdrawals and my account balance is currently at $5,200.  I am going to take less risk this coming week and will look to make 5-10%. 

Jonny

My Options Account on July 18, 2013, Part 1

Today my account is down slightly due to PCLN being down a lot.  I took a chance that the stock will stay the same or go up this week as it has done for many prior weeks but this week its down.  There's some big earnings reports tonight after close and I am playing some straddles/strangles today.  I am expecting a large move in GOOG and ISRG.  ISRG's option prices are not all that high so I'm wondering why.  Normally they move a great deal after earnings so I have straddle spreads only $10 points away from the current stock price and $20 away from the stock price.  I am actually selling put credit spreads in GOOG far away from the stock price and purchased option spreads closer to the stock price.  Earnings are a good way to make some extra money very quickly.  I often times take advantage of the large premiums and sell far out of the money spreads.  I am doing that on GOOG but sometimes I like to buy spreads closer to the money.  For example on ISRG the stock price is $421.50.  I bought the 410/405 put spread and the 430/435 call spread.  I only paid a total of $3.10 on this position and as long as the stock goes down under 405 or up over 435 I will make a $190 profit.  I've seen ISRG move $80+ in a day so this seems like a good opportunity.  The risk is the stock stays pretty flat after earnings.  Just another way to add a little excitement in my day.  Last night I bought the 57.50/55 Put Spread in EBAY after checking the charts.  The stock had been up a lot and I expected a decrease after earnings.  The stock is down 3.90 today and I already locked in a profit of $145.  I normally don't do directional debits but based on the information in front of me I put that on yesterday.  I repositioned a lot of my positions.  Tomorrow will be a very important day.  My account currently is down $229 today.

Jonny

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My Options Account on July 17, 2013, Part 1

So far so good today.  I needed most of my stocks to increase and the good news is that is happening.  Here's a recap:

AAPL - staying flat which is great
AMZN - up slightly which is great
MA - up $2 which is good, this stock was down $10 after market yesterday due to the EU news so I'm surprised its up today.
NFLX - up $3.25 which is not good.  I added another put debit spread when it was up $5 so at least I'm not getting killed today.  I'm still within my spreads. 
PCLN - Up 7.65 which is great, couldn't go any better
SPY - Up .62 which is good
TSLA - Up 7 which is great but I need more increases

Overall my account is up $663 so far today.  I was down over $1K yesterday and I'm not expecting to get those losses back today but I'm happy things are looking a lot better today.

Jonny

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My Options Account on July 16, 2013

The market was down slightly as I was predicting.  AAPL was up 2.90 and AMZN was up .3.  Those were my winners today.  My big loser was TSLA which was down 19.00 after a Goldman Sachs downgrade.  PCLN was also down $9.50 and NFLX was up 2.50.  I lost $1,010 today and will need some help the rest of the week to make a profit.  Here is what I am hoping for:

AAPL - stay the same
AMZN - stay the same or go up slightly
MA - Go UP
NFLX - Go Down
PCLN - Go Up
SPY - Go Up
TSLA - Go Up

I repositioned my PCLN call spreads and now have 2 contracts of the 920/925 and 4 contracts of the 930/935 credit spreads.  I also bought a NFLX 255 Put for 1.15 and repositioned by TSLA call credit spreads to the 125/130.

I had decisions to make tomorrow.  Do I hold or do I buy back?  Its still early in the week so I will wait on it to see what happens tomorrow.  

Jonny

My Options Account on July 15, 2013

Last week I saw my account balance lose half its value going from just over $14K to just under $7.  I had made a withdrawal a few weeks ago for $2K so overall I sit down just over $6K.  The market was up so much last week and I really feel we have a breather this week.  I put on some high risk plays this week and am expecting a flat to slightly down week.  If the market does go up its not going to be up big.  I think people are expecting a lot of volatility with the earnings reports and with all the data coming out so premiums are high this week.  Here are my strategies:

AAPL $427.44 3 420/415 Put Credit Spreads; 3 440/445 Call Credit Spreads
AMZN $306.57 3 300/295 Put Credit Spreads; 3 315/320 Call Credit Spreads
MA $595.87 1 585/580 Put Credit Spread; 1 605/610 Call Credit Spread
NFLX $257.91 3 240/235 Put Credit Spreads; 3 265/270 Call Credit Spreads; 1 260/255 Put Debit Spread.  I also had 4 contracts of the 255/250 Put Debit Spreads purchased last Friday that I closed for a nice gain this morning.
PCLN $911.97 6 905/900 Put Credit Spreads; 5 940/945 Call Credit Spreads; 1 930/935 Call Credit Spread.
SPY $168.21 3 166/165 Put Credit Spreads; 3 170/171 Call Credit Spreads
TSLA $127.32 3 122/117 Put Credit Spreads; 3 140/145 Call Credit Spreads

Overall I was up $350 on the day.  I hope to keep the profits going tomorrow.  This is a good week to put on Iron Condors but stay away from stocks with earnings reports this week.  You can play the earnings but I usually only do one side or the other since big moves can be expected.

Jonny

My Options Account on July 12, 2013

Well, today didn't go how I planned.  I was banking on NFLX staying within my strikes but the stock was up 12.  PCLN was also up big.  It was just a bad week overall.  Something I have trouble with is knowing when to exit positions and when to hold.  Last week it worked to hold and this week it hurt to hold.  I lost a lot and will get back on track next week.  My strategies work really well when my stocks (or overall market) don't move up or down by a large margin.  This week I saw some very extreme stock increases (See PCLN, AMZN, NFLX, etc).  The good news is I still have plenty of money left and just need to make money every week from here on out.  Next week should have a lot of opportunities to make some profits.

Jonny

My Options Account on July 11, 2013

Today was very good day for most investors.  The market was up big again today.  For my strategies it wasn't a good day.  I really wanted my stocks to go down and they all went up a lot with the exception of Netflix.  I exited some of my positions (PCLN) but I have a lot riding going into tomorrow.  I purchased a few puts and really am expecting a down day tomorrow.  The market can act very irrationally sometimes and now is one of those times.  It seems that the market could never go down.  But these are the situations where we will have a crash or a big down day or two in the near future.  So be careful.  I lost about $5,000 on the day.  I am wishing I would have got out of my positions yesterday or early this morning but I made the mistake of holding with the thoughts that the market would reverse at some point.  Tomorrow will be a big day and if there are signs of another up day I will need to act quickly to get out of my positions that are ITM.

Jonny

My Options Account on July 10, 2013

Today was a good day for me.  It was a little frustrating because I wanted Apple to go down more.  I wanted Apple, Netflix and Priceline to go down and they were all down today so I feel a little better.  I was up more than I lost yesterday ($1,674) so that is a plus.  However, I still need the overall market and my stocks to decrease (or at least not increase) but the Fed is saying the right things to keep the market going higher.  I really hate hoping for a decrease in the market but my strategies play both sides.  We'll see what happens tomorrow.  I have made some adjustments to my account and now hold 12 contracts of Apple 410/405 Put Credit Spread.  This seems like a very safe position to be in at the moment.  I am much more concerned about the call spreads for many of my options. 

Jonny

My Options Account on July 9, 2013

Another up day in the market and many of my stocks were up as well:

AAPL up 7.30
MA up 4.30
NFLX up 14.28
PCLN up 8.43

Apple, Netflix and Priceline all went past my call strike so as you would guess I lost money today.  I was expecting up days on Monday and Tuesday but tomorrow we really should see a down day with the news coming out and Bernanke speaking.

Overall I was down $1,111 on the day.  I'm looking to get all that back and then some tomorrow. 

Jonny

My Options Account on July 8, 2013, Part 2

Here are my positions:

AAPL $414.50 10 Contracts 400/395 Put Credit Spread; 6 Contracts 420/425 Call Credit Spread; 4 Contracts 430/435 Call Credit Spread.  Apple was down over $6 in an overall up market day and I mistakenly sold the 420/425 Call Spreads.  Apple just seems to be running out of gas and is having a hard time advancing so I actually like my positions this week.  I did profit $53 on these positions today.

MA $589.29; 6 Contracts 585/580 Put Credit Spread; 2 Contracts 605/610 Call Credit Spread; 615/620 Call Credit Spread.  I was fortunate that Mastercard advanced to start the day.  I was holding 200 shares and sold all at a $393 profit.  The stock reversed and ended down almost $6 which is now putting me at risk on my put spreads.  I have no idea what will happen with this stock this week.  MA hit a 52 week high on Friday so having a pullback was expected.  Going forward it is up in the air.  Due to the reversal I only profited $196 on my positions in MA.

PCLN $888.63; 2 Contracts 850/845 Put Credit Spreads; 4 Contracts 860/855 Put Credit Spreads; 2 Contracts 895/900 Call Credit Spreads; 4 Contracts 905/910 Call Credit Spreads.  Priceline was up 33.47 today.  That was one of the largest increases I have seen in a non earnings day.  Luckily I am still within my strikes but I lost $43 on the day in my positions.  I'll be looking for PCLN to head lower tomorrow.  Otherwise, I could be in trouble on some of my call spreads.

AMZN $290.77; 5 Contracts 280/275 Put Credit Spreads; 5 Contracts 295/300 Call Credit Spreads.  Amazon also was up a lot today and I was up $14.50 on my positions today.  I'll be looking for the stock to head a little lower tomorrow.

NFLX $233.35 4 Contracts 215/210 Put Credit Spreads; 4 Contracts 245/250 Call Credit Spreads.  I was up $35 on these positions today.

TSLA $121.61; 2 Contracts 113/110 Put Credit Spreads; 3 Contracts 130/135 Call Credit Spreads.  I was up $35.50 on these positions today.

GOOG $905.41; 1 Contracts 890/885 Put Credit Spread; 1 Contracts 925/930 Call Credit Spread.  I was up $11 on these positions today.

SPY $164.26; 2 Contracts 162/161 Put Credit Spreads; 1 Contract 166/167 Call Credit Spread.  I was up $9.50 today.

Well there you have it.  Overall, my account showed a $261 profit but after commissions I was down $65.  Tomorrow should be interesting. 

Jonny

My Options Account on July 8, 2013, Part 1

Today has been a very busy day so far.  I have put on all my positions for the week and here are the stocks I'll be following:  AAPL, PCLN, MA, AMZN, NFLX, GOOG, TSLA, SPY. 

I was worried that I would be assigned on MA and luckily I wasn't!  My brokerage company (thinkorswim) purchased 200 shares of Mastercard on Friday to reduce my risk.  This actually create more risk but it all worked out as MA moved higher before open and after open.  I sold all 200 shares right at the open for 597.50 so I actually made $393 on the position.  Not a bad way to start the week. 

Today I made a lot of trades so my commissions have eaten up my profits but I'm down just slightly on the day so far.  I'll post my positions later.  I've had two straight great weeks and the third week is the key.

Jonny

My Options Account on July 5, 2013

Yesterday was expiration on my weekly options.  It was a great day for my options.  My big winner was Apple.  I needed Apple to go down between $1 and $6 and the stock finished down $3.30.  Pretty nice for that to happen in a big up day.  All my other stocks finished between my option strike prices so I made full profits on all my positions.  I finished the week up $3,237.65 for a 29.79% profit.

There was one hiccup that happened right at the end of the day yesterday that is sort of stressing me out.  Mastercard was sitting about $1.50 away from my 595 Call Strike price with about 20 minutes until close.  The market started to increase and Mastercard followed suit.  MA was moving up but was still over .50 away from 595 with one minute to go.  I didn't think I would need to buy back my 4 595 call options and just let the position ride.  The market makers moved this stock all the way up to 595.02 at close and now I'm going to be assigned on 400 shares short at 595.  I already bought 200 shares to reduce my risk but if this stock moves higher on Monday I could be losing a lot.  If the stock goes down I could make a lot.  Either way I just need to get out of this stock as early as possible on Monday.  I'm mostly upset because I need to pay the $15 commission per option assignment plus the $5 stock purchase commission so these fees really eat up a lot of money.  So hopefully MA goes down and this assignment won't hurt me.

Another tip if you work with an online broker is always try and negotiate better commissions.  I pay $1.50 per contract which is pretty good at thinkorswim.com.  If you want me to refer you to thinkorswim let me know and I should be able to get you these rates.  Just send me an email to jonnyg141414@gmail.com

Jonny

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My Options Account on July 3, 2013

Today went very well for my account.  The overall market was up a little a most of my stocks were up but not up much.  Apple was the stock I really wanted to go down but it was up again today by 2.48 to 420.97.  I am now looking at a major loss on my options in Apple.  The intrinsic value of my 420/425 Call option is .97 which means if the stock ends at 420.97 the actual value of the long options (buyers) would be .97.  I sold these options and to buy them back today it would currently cost me 1.95 so the time value of this option spread is .98.  I made a decision to hold onto this position due to this high time value and also due to the possibility that the market will go down on Friday.  Its taking an educated risk but I could lose an additional $305 per spread if Apple continues higher.  I bought back my 405/400 spread and sold the 415/410 put credit spread so my window for full profit is tight (415-420).  I lost $243 on my Apple options today.  The jobs numbers will really provide direction early on and I'll exit out of these positions immediately if the stock and market head higher or crash. 

All my other option positions moved in the correct way I was hoping for.  Mastercard was my big winner being up 3.12 to 586.18.  As long as MA doesn't go down below 580 on Friday I'll make a huge profit.  I made $507 on these options today. 

All my other positions did well and I made $772 on the day in my account.  I have a lot more profits left on the table so I'll be looking forward to Friday.  I should be able to bank full profits on all my options on Friday but there's a little risk with Apple, MA and GOOG if the market really moves a lot one way or the other.  I don't see that happening so I like my chances going into expiration. 

Jonny

My Options Account on July 2, 2013

Today was an interesting day.  The market was up early, then went down, then back up a little.  My positions are all the same as yesterday except Apple.  I bought back my 2 contracts of the 395/390 Put Credit Spreads and Sold 2 contracts of the 405/400 Put Credit Spreads.  Apple went up 9.79 to 419.01 so it is getting very close to my 420 Call Strike.  I'm nervous about these options now and will watch closely tomorrow morning.  I believe the market closes at 1pm EDT tomorrow. 

All my other positions made money today and even though I lost $282 in Apple my account was up $495 on the day.  I'm a little uneasy about Apple, Google, and Mastercard right now. I need Apple to stay the same or go down and I need Google and Mastercard to stay the same or go up.  I hate situations like this because I generally will lose on one or two of my positions.  Tomorrow will be telling.

Jonny

My Options Account on July 1, 2013 Part 1

Today I put on all my positions.  On Friday I sold a few put credit spreads in Apple and Google and both of those were up nicely today.  Here is a summary of all my positions for this week:

AAPL $410.50; 4 Contracts 395/390 Put Credit Spreads; 2 Contracts 405/400 Put Credit Spreads; 6 Contracts 420/425 Call Credit Spreads.  I'm up $75 on these options today and feel pretty good about Apple staying pretty flat this week.

AMZN $282.48; 3 Contracts 270/265 Put Credit Spreads; 3 Contracts 290/295 Call Credit Spreads.  My profits on this position won't be very big but I feel good about a full profit on this position.

GOOG $889.76; 1 Contract 865/860 Put Credit Spread; 2 Contracts 875/870 Put Credit Spreads; 3 Contracts 910/915 Call Credit Spread.

MA $585.07; 6 Contracts 580/575 Put Credit Spread; 4 Contracts 595/600 Call Credit Spreads; 2 Contracts 605/610 Call Credit Spreads.  I am taking a little more risk on this position this week but the premiums I sold at were huge.

NFLX $224.37; 2 Contracts 205/200 Put Credit Spreads; 2 Contracts 215/210 Put Credit Spreads; 4 Contracts 230/235 Call Credit Spreads.  Netflix has gone up a lot today but I still have a 5.50 cushion on the upside.

PCLN $841.73; 3 Contracts 825/820 Put Credit Spreads; 3 Contracts 860/865 Call Credit Spreads.

TSLA $115.91; 2 Contracts 108/103 Put Credit Spreads; 2 Contracts 125/130 Call Credit Spreads.

Overall my account is down $80 on the day.  A negative is normal on Mondays and I'll be looking for large gains tomorrow.  I'm not sure which direction the market will go tomorrow.  My guess would be a slight pull back but the good news could keep the momentum going.

Jonny

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My Options Account on June 28, 2013 Part 2

The stock market is now closed.  I can never have a relaxing Friday in the market.  I got a major scare when Apple decided to move up to 400.  When Apple scaled back a little I sold 2 contracts of the 400/405 Call Credit Spread for .24.  Apple went over 400 a few times and then headed back down and finished at 396.70.  I managed to make $230 on my Apple options today.  Mastercard also just exploded higher over the last 30 minutes or so and I had to buy back my 570 Call for 2.50.  That was my only loss this week other than my one Apple 400/395 Put Credit.  My account was up $1,210 on the day. 

Overall a great week.  I finished up $3,165 on the week (after commissions) for a percentage gain of 32.63%.  The cool thing is I don't really feel I put on all that much risk this week.  The only time I felt nervous about my options was over the last 30 minutes today.  Crazy things seem to happen during the last hour on Friday.  These can be opportunities if you know how to spot them. 

I was going into the week with a low risk approach.  I made some adjustments and some additional trades that really worked out.  Last week was a huge loss week so I'm glad I could get back a lot of those losses.  Over two weeks I am still down $1,671 but over the past four weeks I am up $397.  I've been having a hard time getting up to $15K and staying over $15K.  Next week should be another really good week.  There will be less volume with the holiday.  With this there will be less premium so I am just going to make a small gain 5-10% next week and move on. 

My trades on Monday will start with selling put credit spreads in Apple, Google, Priceline and possibly Tesla.  I might take a few weeks off on Telsa since the stock has risen so much and could pull back at any time.  Apple is cheap so the weekly 385/380 put credit spreads look good and if the stock drops on Monday we could move down to the 380/375s.  I'll post my trades on Monday.

Jonny

For Books on options investing and trading please click here: Options Investing

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My Options Account on June 28, 2013 Part 1

Today is weekly expiration and my account has been performing very well so far today.  Much different than last friday.  The stocks I am watching closely today are AAPL, AMZN, GOOG, MA, PCLN, and TSLA.  Here's a status of where the stocks are at and where I need them to close at:

AAPL is down 2.74 to 391.03.  I already bought back my 400/395 Put Credit Spread for 4.60 but I am still up $84 on my options today.  I just need Apple to stay between 385 and 400.  This shouldn't be a problem unless something crazy happens. 

AMZN is up .95 to 278.58 and I just need Amazon to stay below 280 for full profits.

GOOG is up 1.01 to 878.08.  I need Google to stay above 875 and below 890 today.  I'm feeling good about this and am already up $175 on these options today.

MA is down 1.08 to 569.60.  I need Mastercard to stay below 570 for a full profit. I'm up $71 on these options today.

PCLN is up 4.66 to 827.05.  I just need Priceline to stay below 830.  My options are down $95 so far today.

TSLA is down .56 to 108.69.  I'm sitting on 3 contracts of the 110/115 Call Credit Spread so I need Telsa to stay below 110 today.  My options in TSLA are up $142 so far today.

I'm looking good so far today and as long as the market stays calm I will walk away a big winner this week.

I'll post an update later.  So far my account is up $458 on the day.  If all goes well I should be able to add another $600-800 to that by close.

Jonny

For Books on options investing and trading please click here: Options Investing

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My Options Account on June 27

Sorry for my late post.  Today was another good day.  My account managed to be up $970 today.  Apple was my big winner.  The stock was down 4.29 to 393.78.  My one 400/395 Put Credit Spread lost a lot but my 4 400/405 Call Credit Spreads more than made up for the losses and I ended up $350 on all my Apple options.  I really wanted to buy back my 3 410/415 Call Credit Spreads and Sell three more 400/405 Call spreads but I just ran out of time.  If Apple can go up a little tomorrow I would be happy.

AMZN was even on the day and I made $180 on my 3 contract Iron Condor.  The stock is at 277.55 and I just need Amazon to stay below 280 for full profits.

GOOG was up 4.26 to 877.91.  The stock gave back some gains from earlier in the day.  I sold 2 contracts of the 875/870 Put Credit Spreads so I need Google to stay above 875 and below 890 tomorrow.  I ended the day up $197.50 on my Google options. 

MA was up again today .68 to 570.68.  I actually need Mastercard to stay below 570 for a full profit.  I was up $49 on the day on these options.

NFLX was up 2.9 to 215 and I should be just fine on my 3 Iron Condors.  Need the stock to stay between 200 and 230.  That was the easiest 27% weekly gain I've had this year.  I wish I would have had more contracts on this.  My options were up $63 today.

PCLN was up 2.83 to 822.39.  I just need Priceline to stay between 800 and 830.  My options were up $245 today.

TSLA was up 3.53 to 109.25.  I'm sitting on 3 contracts of the 110/115 Call Credit Spreads so I need Telsa to stay below 110 tomorrow.  Anything can happen so I'll be checking this out tomorrow.  My options in TSLA were down $115 today.

Good day overall but still a few stocks I'll be watching closely tomorrow.  Google, Mastercard and Telsa are my riskier plays going into expiration tomorrow.  Hope it all goes well.  I'm already up $2,000 on the week.  I really don't know how that happened except Options can be like that.  It is really easy to make money doing these strategies.

Jonny

For Books on options investing and trading please click here: Options Investing

Anyone looking for some ways to get started collecting option premium using the best software please Click Here! or to find undervalued options Click Here!

My Options Account on June 26

After yesterday's $865 gain I finished up $123 today.  Apple was down and Google was up today.  This seems to be a general trend over the past six - eight months.  I'm still looking pretty good on my options but am now in a loss situation on my Apple 400/395 put credit spread.  I only have one contract at this level so I'm not too worried about it.  I also repositioned the call side and have 3 contracts of the 400/405 call credit spread.  Apple just seems really weak and I just don't see the stock going up much the rest of the week.  A down day tomorrow wouldn't be the worst thing for my positions. 

Jonny

My Options Account on June 25, Part 1

After last week's huge losses I'm back this week making money again.  So far today my account is up $435 (10:35am Central).  I put on mostly low risk positions this week and just need a positive week to get me back on track.  Here are my positions:

AAPL $401.14 5 385/380 Put Credit Spreads; 1 400/395 Put Credit Spreads, 6 420/425 Call Credit Spreads.  I entered the one 400/395 on Friday and the stock dropped a bunch on Monday so this is my only big risk position on this stock.

AMZN $271.17 3 260/255 Put Credit Spreads; 3 280/285 Call Credit Spreads.

GOOG $870 2 865/860 Put Credit Spreads; 2 845/840 Put Credit Spreads; 2 890/895 Call Credit Spreads; 2 910/915 Call Credit Spreads.  I entered the 865/860 Credit Spreads on Friday and the stock dropped a lot on Monday.  This is a lesson for me not to enter spreads on Friday unless I am convicted the stock will move one way or the other.

MA $563.85 1 550/545 Put Credit Spread; 1 570/575 Call Credit Spread

NFLX $209.85 3 200/195 Put Credit Spreads; 3 230/235 Call Credit Spreads

PCLN $810.89 2 790/785 Put Credit Spreads; 2 770/765 Put Credit Spreads; 4 830/835 Call Credit Spreads

TSLA $101.55 3 95/90 Put Credit Spreads; 3 110/115 Call Credit Spreads

I have some risk but so far so good.  I think we have a really good flat week and I can get back on the profit wagon.  Here's a few trades I'm considering today:

AAPL 385/380 Put Credit Spread.  Credit .36 for a 7% profit if Apple stays above 385 by Friday.

Jonny

For Books on options investing and trading please click here: Options Investing

Anyone looking for some ways to get started collecting option premium using the best software please Click Here! or to find undervalued options Click Here!

My Options Account on June 24th

Last week didn't go so well for me.  What could go wrong did go wrong.  The market started up on Monday and Tuesday but just crashed after the Fed meeting.  My strategies work very well when stocks do not move a lot one way or the other.  Last week that happened and I lost a lot (about $4500).  My account balance dropped all the way back to $9,700.  I'm still up from May 15th were my balance was $6,800 but it hurts to lose that kind of money in one week.  That really shows the damage trading options can have on one's account.  So please make sure you are not taking more risk than you can handle and do not trade options with money you can't afford to lose. 

With all that said, I think this week is a perfect time to put on Iron Condors.  I see a lot of downward pressure but after last week I can't see any huge down days this week.  Most likely we'll see some flat days.  I put on all my put debit spreads this morning when the market was down big and then started selling my call credit spreads.  I've diversified more this week.  I have 6 contracts in Apple, 3 contracts in Amazon, 4 contracts in Google, 1 contract in Mastercard, 3 contracts in Netflix, 4 contracts in Priceline, and 3 contracts in Tesla.

Things are going well so far and I'm up $200 on the day.  I'm taking on less risk this week just to make a profit.  My goal is to make about $1,000 this week.  My original goal was to get my account balance up to $100,000 by year end.  This is going to be much more difficult but still very possible.  I need to make the right choices and will try to post my trades as I go. 

Jonny

My Options Account on June 20th, 2013, Part 2

Wow.  The market just completely crashed today.  I really hate days like this because my account never does well when the market moves so much.  I went from wanting Google to go down to wanting Google to go up and at this point I really want almost all my stocks to go up except NFLX.

I didn't exit any of my positions due to the large premiums I would have to buy back at so I'm heading into expiration Friday with all my positions in tack.  I'm actually not looking all that bad even though I lost about $2K today.

Here's a recap in alphabetical order:

AAPL $416.64.  I just need Apple to go up a little tomorrow.  Looking for 420-425 for max profits.
AMZN $273.44.  I need Amazon to go up over 275 for max profits.
GOOG $885.50.  I did a lot of trading on this stock today and if the stock ends at 895 tomorrow I will make around $5-6K.  But basically I just need the stock to go up.  Anywhere between 890-900 would be good.
MA $572.72.  I just need MA to stay between 565 and 595 tomorrow.  Only one contract however.
NFLX $223.52.  I need NFLX to stay between 215 and 225 tomorrow for max profits.
PCLN $815.69.  I need PCLN to stay between 815 and 825 tomorrow.
TSLA $100.65.  If TSLA can finish right at 105 I will make full profits.  But I'll be happy if the stock can move up a few points tomorrow.

I would love it if the market can rebound tomorrow.  After two huge down days I just had to hold my positions for a potential rebound.  I'm not sure if Google can go up $10 tomorrow but that is what I'll be watching closely.  Also really would love it if Apple can go up about $5 tomorrow.  That's asking a lot but after the past two days we deserve a little rebound.

Jonny

For Books on options investing and trading please click here: Options Investing

Anyone looking for some ways to get started collecting option premium using the best software please Click Here! or to find undervalued options Click Here!

My Options Account on June 20th, 2013, Part 1

It is now 9:05am CDT.  The overall market opened down pretty big today and things couldn't be better for my options account this morning.  I wanted Google to go down and they are down $6 currently to 894.52.  This is helping me make a lot on my 900/905 Call Credit Spreads (13 contracts) and my two 905/900 Put Debit Spreads.  I am down on my 895/890 Put Credit Spreads but overall I'm up a total of $663 on my Google options this morning.  I'm expecting much larger gains as the day goes on as long as Google stays down but not too much down.

I wanted Apple to go up today and even in a big down market day, Apple is bucking the trend and is currently up 1.62 to 424.62.  My options are up $293 so far.

Another stock I was watching today was NFLX.  I needed this stock to decrease and it is down 4.43 to 227.88.  This is huge and I'm up $271 so far on my options.

I also wanted TSLA to increase and they are up 1.69.

Today has started off really good and I hope this will continue throughout the day.  If it does I will be looking at a plus $2K easy.  So far I'm up $1,508 on the day.  I'm going to look at what I should exit and what I should hold. Google is very risky and I may need to scale out of some of my positions today.

Trade of the day:  Buy GOOG 875 Put and Sell GOOG 880 Put for a credit of .50.

Another trade I like is on PCLN, Buy 800 Put and Sell 805 Put expiring tomorrow for a net credit of .30.  The stock is currently at 823.

Jonny

For Books on options investing and trading please click here: Options Investing

Anyone looking for some ways to get started collecting option premium using the best software please Click Here! or to find undervalued options Click Here!

My Options Account on June 19th, 2013, Part 2

The market is now closed and man it was a roller-coaster of a day!  The overall market did go down quite a bit as I was predicting but Google was up 9 after the Fed's decision.  At that time I bought two put debit spreads at 905/900 and moved up some of my put credit spreads to the 895/890 (5 contracts).  Google proceeded to drop like a rock after that and ended about even on the day.  Most of my other stocks went down with the biggest loser, Apple, being down 8.50.  I'm still in profit position on all my options except Netflix which I still have the one contract at 225/230 call credit spread.  If today was expiration Friday I would be up a lot.  Bascially if all stocks stayed where they are now I would be up an additional $6K.  But I need to wait two more days and I can guaranttee I won't be up $6K.  I'll take $1K at this point.  Most likely I will look to get out of some of my Google positions tomorrow.  Here's a little recap of how my account did at various times this afternoon:

1:52pm -1,561
1:59pm -173
2:18pm +166
2:29pm -540
2:31pm -749
2:41pm -70
5 sec later -478
2:45pm -195
2:46pm +53
2:46pm +270
5 sec later +362
3:00pm +4.36

Yeah, that's right.  After all the ups and downs I ended up make a whopping $4.36.  Well, after commissions I was down about $40.  Tomorrow is going to be just as crazy I think but I really need a nice calm day to make some serious profits.  I'm still up about $400 on the week.

Jonny

For Books on options investing and trading please click here: Options Investing

Anyone looking for some ways to get started collecting option premium using the best software please Click Here! or to find undervalued options Click Here!

My Options Account on June 19th, 2013, Part 1

The overall market is flat today in anticipation of the Fed decision that will come out at 2pm EDT.  My options aren't as flat.  It hasn't been a good day so far.  I wanted Google to go down today and they were down early but now Google is up about 4.  Apple was down $3 and Net Flix was up 5.50.  Basically what I didn't want to happen is happening.  My main concern is focused on Google.  I am holding on because I still believe the stock will drop a good amount by Friday from where it is now.  I am expecting a "sell on the news" later this afternoon.  Let's see if I am correct.  My account balance was down $1,158 just a few minutes ago and now I'm down $1,027.  This is a huge day for me and the decision and market reaction will be key later today.

One Trade I would recommend today is:

Buy GOOG 925 Call and Sell GOOG 920 Call for a credit of .47.  I'm doing this trade because I don't think Google will continue going up the rest of the week.  Its currently at 904.82 so it would just have to stay below 920 for a nice 9.7% gain.

** Update at 11:25am CDT.  Google has decreased and is now only up .68.  My overall account balance is still down but only down $330.  Let's keep this up.  I'm looking for a large positive day. 

Jonny

For Books on options investing and trading please click here: Options Investing

Anyone looking for some ways to get started collecting option premium using the best software please Click Here! or to find undervalued options Click Here!

My Options Account on June 18th, 2013, Part 2

The market is closed and I'm a little relieved it is.  All my positions are looking good with the exception of Google.  Google has gone up 25 points in two days to reach my call strike $900.  Basically I can't afford anymore upside the rest of the week.  I really hate being in these situations because they generally end badly.  But I still have a 50% probability of a full profit.  The overall market has been up two straight days and I think we are in for a down day tomorrow so I'm holding.  I even bought a put debit spread 895/890 in Google at 1.50 just for fun and because I have conviction the stock will drop.  Google is a great company but does the stock ever go down?  Yes, it does and it will at some point this week.  I lost a total of $1238 in my Google strategies.  I only lost $775 in my account so my other strategies pulled through.  That's why you diversify. Unfortunately for me I have about 30% of my account in Google. 

I did some repositioning today and here's a recap:

Google $900 13 900/905 Call Credit Spreads; 5 875/870 Put Credit Spreads; 8 885/880 Put Credit Spreads - Daily Loss 1,238.  I will make a lot of money if the stock drops tomorrow. 

Apple $431.25 8 420/415 Put Credit Spreads; 8 445/450 Call Credit Spreads - Daily Profit $226

Tesla Motors $103.70 9 92.5/90 Put Credit Spreads; 6 97.5/95 Put Credit Spreads; 7 115/120 Call Credit Spreads - Daily Profit $107.50

Netflix $228.70 6 215/210 Put Credit Spreads; 5 240/245 Call Credit Spreads; 1 225/230 Call Credit Spread - Daily Profit $298

Amazon $282 3 275/270 Put Credit Spread; 3 285/290 Call Credit Spreads - Daily Loss $62

Mastercard $584.41 1 565/560 Put Credit Spread; 1 595/600 Call Credit Spread - Daily Loss $25.50

Priceline $834.82 2 815/810 Put Credit Spreads; 2 845/850 Call Credit Spreads - Daily Loss $26

For tomorrow, I am looking for the market to give back some gains and decrease.  There's a lot of good trades left this week and I'll try to add a few tomorrow.

Jonny

For Books on options investing and trading please click here: Options Investing

Anyone looking for some ways to get started collecting option premium using the best software please Click Here! or to find undervalued options Click Here!

My Options Account on June 18th, 2013, Part 1

Today the overall market is up again and my account is down.  Google is up just over $8 per share so I am getting close to my 900 strike price.  I'm down $400 on my Google options.  Tesla Motors is down about 1.75 so far today and I'm down $140 on my options of TSLA.  NFLX is down .82 so far and I'm up on these options $172.  Overall I'm down a total of $400 so far today.  I fully expect to be in the green by the ends of the day. 

For trades, here are my suggestions:

GOOG $895 Buy 870 Put and Sell 875 Put for a credit of .40 or 8% profit if the stock stays above 875 by Friday.  Google has been so strong lately and I don't see this stock moving down 20 points from here. 

TSLA $100.55 Buy 92.50 Put and Sell 95 Put for a credit of .40 or 17.6% profit.  I don't see TSLA moving down over $5 but this is a little riskier play. 

PCLN $837 - Buy 810 Put and Sell 815 Put for a credit of .45 or 7.6% profit.  As long as Priceline stays above 815 we make a full profit. 

I may have more trades later. 

Jonny

My Options Account on June 17th, 2013, Part 2

The market is closed and boy oh boy it was a good day.  I'm not sure things could have gone better for me today, besides NFLX.  The market was up big and when it was I sold my call credit spreads.  Then the market scaled back which was just what I needed to maximize my gains for the day.  Normally I would be happy to just break even on Mondays due to all the trades I make but today was a little different.  I spent $207.50 on commissions and my final profit after commissions was $1,361.57.  This is a percentage gain of 9.3%.

The market has been pretty volatile lately but I think its a great situation to do Iron Condors.  No one really knows which direction the market is going to go.  Some people think we have over-extended and the market is going to crash.  Other people think we are in a bull market and you should ride the momentum higher.  For me, I don't really know and don't care.  I will keep selling my credit spreads and for every minute that goes by I'll make money.  Its seems the market will go up one day and then down the next.  As long as my stocks don't move substantially one way or the other I will make money.

Here's a recap of my larger positions:

Google $886.25 12 900/905 Call Credit Spreads; 9 865/860 Put Credit Spreads; 3 875/870 Put Credit Spreads - Daily Profit $715

Apple $431.98 8 420/415 Put Credit Spreads; 8 445/450 Call Credit Spreads - Daily Profit $380

Tesla Motors $102.20 9 92.5/90 Put Credit Spreads; 5 97.5/95 Put Credit Spreads; 5 115/120 Call Credit Spreads - Daily Profit $340

Netflix $229.46 6 215/210 Put Credit Spreads; 5 240/245 Call Credit Spreads; 1 225/230 Call Credit Spread - Daily Loss $184.50

Amazon $278.06 2 265/260 Put Credit Spreads; 1 275/270 Put Credit Spread; 3 285/290 Call Credit Spreads - Daily Profit $118

I also have 2 contracts of PCLN and 1 contract of MA.  Daily profit on these were $8 on PCLN and $41.50 on MA.

I'll post a few trade suggestions tomorrow morning.

Jonny

For Books on options investing and trading please click here: Options Investing

Anyone looking for some ways to get started collecting option premium using the best software please Click Here! or to find undervalued options Click Here!