Option Trading: Live Options Trades. [Watch NOW and Learn]
all right here's the last one April 5th hopefully everything works okay because my hands are sweating since i'm in the sauna these are the trade alerts and if you want to enroll in the seven day trial it's only 19 you can visit beststockstrategy.com memberships that's beststockstrategy.com memberships and let's go through the trade alerts so april 5th s p is up 30. tesla is up 40. here i closed out this position the original i held it for less than a week and captured 60 percent of the premium here i opened up square b plus grade picked up 57 cents per contract so 228 dollars in total s&p up 58. VIX up 3.5 percent VVIX down slightly.
I'm surprised that the vix was up you know usually when you have a divergence where you have a large up day with the market where the S&P is up 58 points to see the VIX up it's a little bit of a red flag amazon up two percent tesla 4.4 percent April 6 the market's relatively flat. MA is a decent opportunity amazon new opening trade picked up 800 dollars of premium high b grade not great but there really aren't that many opportunities at the moment i'm thinking about being more aggressive and selling calls closing trade on apple my phone didn't send a notification here's the original so we sold it for 72 and we bought it back for 35. s p down four volatility mixed and relatively stable not much movement in any of
the stocks we follow today good day for us as our tesla and amazon positions get closer to expiration april 7th the s p is up slightly volatility is down slightly i don't see any amazing opportunity see patience is really important you have to be patient because you don't if you trade when you shouldn't it's very easy to make a lot of mistakes especially when volatility is declining because when volatility is declining then a lot of people get lulled into a sense of the market's going to continue going up and everything's going to be fine and then you just get hit with a rapid volatility expansion event and it just throws everything into whack and all your existing positions end up getting challenged so there is a potential trade and zoom i didn't make that it's only a b grade new opening trade in tesla so i sold a spread because the vix is under 20. i sold the 560 and then bought the 520 amazon closing trade bought it back for 98 cents the original was there sold for about a thousand dollars and bought it back for around 300 s p up six fixed down five percent the ix down two percent vix at 17. april 8th bought back paypal closing trade for 50 cents and i sold it for a dollar 27 closing trade on square for 26 cents picked up around 50 percent profit there fiverr closed it for a dollar fifteen we sold it for six hundred dollars of total credit and bought it back for 230 okay so now i only have positions on amazon and tesla at the moment so i only have two underlyings that i have positions on in my entire account and we have a lot of amazon and tesla contracts expiring within the next days which it within the next eight days rather tesla bought it back for 35 cents closing trade on the top original on the bottom so fifty percent profit a little bit more than that closed for fifty percent profit in one day s p up seventeen vicks down one percent vbix up almost four percent that's the divergence and volatility tells me that there isn't much long-term conviction in this in this run-up amazon up 20 tesla up 13. close out a bunch of positions for large profits april 9th so new opening position in boeing tesla you can see that i rolled it from june to may i bought back the 550 then i rolled it back or rather i rolled it in by about three weeks and increased the strike price by ten dollars and then i financed it by selling a may 7th actually three may 7 expirations of 510 470 and this filled for 60 cents two new trades one with tesla and one with ba ba is a high b grade tesla's a low b minus so i really didn't have any conviction in that trade for tesla if i didn't have the june put to close and then to roll to may i just have i just have sold i would have sold the 510 470 puts right in this case i just decided to use the majority of the premium for the 510 470 to reduce the expiration from june to may fiverr new opening trade picked up 53 cents we have some amazon and tesla positions expiring today let's see how the market is acting later on perhaps we can open more new trades later if the market accommodates us s p up almost 32 vix is down vvi x up slightly vix below 17 amazon up 73 amazon has been incredibly strong this week tesla down seven so this was a really good week for the market this was another profitable week for us as well april 12th s p is down fix is up almost five percent tesla is up around 10. it'd be great if there was a pullback if not we will still open new positions let's wait and see if we can get a better entry i'm looking at shop boeing and fiverr none of these are good trades they're b grades but i'll see how they're acting later today and we'll probably open a new trade in one of them shop new opening tree for 95 cents be great i probably wouldn't make this straight if i didn't have the alerts sometimes i feel pressured to be more active than i would like yeah i mean that's true and this is one of those times will this make money probably but um yeah it wasn't really a great trade but it's still only a b grade which is pretty low even so bix is 17 market is close to highs there aren't going to be many opportunities unless you want to sell calls which we do as well s p down slightly tesla 25 profitable day for us as our tesla positions continue to show profit we have amazon positions that will expire this friday too good opening market is flat volatility is up slightly tech is up amazon and tesla up a lot our shop trade from yesterday is up nicely new opening trade in airbnb high b grade also important i got a bad fill i should have tried to submit it for a credit of one dollar and then moved it down by five cents i think if i submitted it now then it will get filled at 95 cents i should have set my limit credit order higher yeah that's the problem with some of these underlyings that aren't extremely liquid when they have a wide bid-ask spread differential then you have to be extremely diligent in submitting your your limit orders so that you get good fills in this situation i probably could have got filled at 95 cents but because it wasn't extremely liquid markets and the markets aren't extremely deep in airbnb then um i kind of got i kind of got an inferior fill than usual tesla sold a call option picked up a dollar b plus grade i'm only making this great because it doesn't use up any extra buying power since i have a lot of existing tesla puts would i make this trade if i didn't have existing tesla puts no tesla's up over 10 in two days so selling a far out of the money call is fine the problem is that the trade above will show a loss of tesla goes up to a thousand it may trade at three to four dollars before it expires worthless on the put side we were selling puts for sixty four dollars that are now trading at thirteen dollars that's just how it goes you need to be able to write out the volatility so there is a position on tesla where it shows like a five thousand dollar gain s p up thirteen vix and vvi x down one point five percent s p of twenty tesla up sixty good day for us shop up so the tree from yesterday is going well sorry my fingers are sweating because i'm in a sauna and it's a little bit i might have to wipe the screen i'll try to pause it april 14th so here i rolled in this position from july to june i increased the strike from 510 to 540 i decreased the expiration by about a month and then i financed that by selling a may 7th 575 put option and i collected a hundred and twelve dollars small adjustment rolled the june to july and financed it with the may 7 new position picked up 112. that may be my last tesla judgment
adjustment with 23 days within 23 days i vote almost all of the positions expiring after 23 days i only have two put contracts so i'll either let those expire or close them out we'll see volatility is up slightly the market seems a little overbought i'll monetary throughout the day for a decent entry the tesla trade earlier was an adjustment if i didn't have the existing july 510 then i wouldn't have made that trade regarding new opening trades i'll continue to monitor i was a bit too early with the tesla trade not a big deal but i left money on the table new opening trade on fiverr b grade s p down 17 volatility was up amazon and tesla are down april 15th decent opening tesla fiber square zoom melee shop airbnb only airbnb is down at the moment i'll keep an eye on it and wait new opportunities i don't want to make a new trade now because yesterday was too early on tesla and i want to ensure that today isn't a continuation of yesterday's fall so i waited about an hour and a half got a decent trade on airbnb high b grade s p up 46 volatility is down we have a bunch of amazon positions expiring today we'll probably have to start becoming much more aggressive due to decreasing volatility i don't think we've had a losing trade in over a year but even so we will have to be more aggressive since volatility is also lower than it's been in over a year new opening trade b plus grade new opening trade b grade new opening trade high b grade i have a lot of amazon trades expiring worthless today so i want to start replacing them picked up 555 dollars i definitely should have done that trade larger as i spread i'd buy the 2500 i'd sell the 2580 or perhaps a more aggressive strike like the 2650 and buy strike about 80 to 100 dollars lower this just filled closing trade for tesla calls close for around 50 profit originals here so decent day s p up 15 vicks down 2.5 percent vvix down around one percent it was too early with the fiverr trade a lot of amazon positions expiring today for 100 percent of the credit received slow and steady profits april 19th new opening trade on boeing new opening trade on tesla ba is a high b as a spread i consider selling the 190 and buying the 170. tesla's a b plus as a spread i sell the 500 and buy the 470.
so notice how for the spreads i'm actually increasing the strike price when you sell naked it allows you a little bit more flexibility because you're collecting more premium so with a naked option i sold the 450 with a spread it really wouldn't make sense financially and i wouldn't collect enough premium by selling the the 450 by 400 vertical credit spread so instead i'd have to increase the short put strike to 500 and also buy the 450. so you have to be well you don't have to but sometimes i'm a little bit more aggressive with my short put strike with a spread in order to compensate for the premium that i pay when buying the long put so as the spread i sell the 500 and buy the 470 so not the 450. i'll expand the um so again just to be clear i sold the naked 450 if i was going to do it as a spread i would sell the 500 and i'd buy the 470. i'll expand the tesla position if it continues to fall but i wanted to enter with a conservative strike just to be involved since it has a decent amount of available premium picks up five percent closing trade for tesla the market looks weak and vix and vix are both spiking so i want to reduce risk so i wanted to root i think i can get a better entry we'll try to re-enter it later boeing this just filled ignore the date on the left that's when it was entered as a limit order it's a closing order that's the original 47 cents so bought back for around 50 profit s p down 22.
that's actually a large volatility increase for the s p only down 22. i'm currently monitoring tesla fiber square zoom melee shop airbnb boeing uber and spot shop uber square and spot of the best opportunities april 20th new opening trade b plus as a spread i would sell the 190 and buy the 170. so same thing here sold the naked the 175 as a spread i'm increasing the short put strike for 190 and buying the 170 remember that we still have v8 positions from yesterday that we opened as well airbnb 97 so sold it for 97 or 97 cents new opening trade i wouldn't mind doing it i wouldn't do it as a spread it's a b plus grade so it's just simply not enough premium to do it as a spread this friday we have the tesla 550 puts expiring worthless and also the 2700 by 2650 amazon spread i was a little too early with boeing and airbnb yeah i tend to be a little bit too early i need to be more relaxed and trade later in the day amazon is down 30 the best thing to do is to wait for a good entry new opening trade for uber 47 cents b plus grade s p down 28 vicks up eight percent vvix up four and a half percent amazon down 37. but tesla was up a little bit 21st the market is down a bit vixx is up again airbnb and spot are good opportunities but it's best to wait until later in the day i'm trying to get this to fill but these lower liquidity underlyings are tough sometimes the bid ask spread is wide and there's not much volume so sometimes i have to guess a potential fill price you know and that's true i try to fill it at 120 but it's in fill around 80 cents is the lowest i'll accept so i submit a limit order to see if it'll fill good day for us but i'm trying to open new trades on netflix and spot netflix bothers me because there's nothing that says it can't drop a lot tomorrow too on spot it's just not enough premium i try to push this through but even that didn't feel it's not worth it to go any lower it's a good day for us the s p was up 38 volatility fell s p down eight volatility is flat tesla's up six new opening trade in shopify probably should have traded it larger new opening trade in netflix b plus grade will expand if netflix continues to fall this is an opening trade too so i did that as a spread a spread i'd probably sell the 400 to collect more premium instead of the 370 and then buy the 360 that's actually not a lot of premium either around 40 cents so the 420 and 380 is likely something i do if it were spread i mean so i'd have to increase the short put strike by 50 if i was doing it a spread that's a trade-off for sure here you're selling spread with a naked option with a strike of 370 and if you want to collect something comparable you know here it says 52 dollars here it's pretty 51 you're gonna have to increase your short foot strike by 50 bucks and you're giving up a lot of safety net by doing that i'm not sure which one is better i'm just saying i in this specific situation i thought that the naked option was better because even if netflix falls like 70 in the worst case scenario i can roll it forward by like two months and then i can get this 370 put all the way below 300 in which case um you know i wouldn't even mind accepting ownership of it and then just selling calls on it and running a wheel on it so it's really not the not the end of the world like in the worst case if i and and plus i mean i can i can not sell calls against it to even get the the strike price down probably to around like like the 250 level which because i wouldn't even mind owning it because if i accept ownership of it then there would be tremendous upside potential so you know really how you trade how you structure it's all about risk mitigation and it's your decision really as long as you're selling premium with the primary focus of eliminating tail risk and eliminating those enormous volatility expansion events that happen about once a year issue i have now is that i have small positions and a lot of different underlines in general i prefer to be more concentrated yeah i mean you guys saw where um just like two weeks ago i had positions only in amazon in tesla now i have positions on it a lot i have positions on it like seven underlines smp down 20 if the market falls today that will be the third out of four days i had to pause the video and i'm not exactly sure on where i left off so i might repeat myself bad day for the market vic's up almost eight percent decent day for us none of our positions are challenged and we have large safety nets so if the market continues to fall to pull back we're positioned well to profit from the elevated premium i wouldn't recommend entering anything right now it's best to see how the market opens tomorrow and how it trades s p down 38 volatility is up significantly amazon down 53 and tesla down over three percent i'm really interested to see how the market acts tomorrow recently the market's been weak we've done fine because we've been conservative but we can we can also handle a large pullback and make money from it since we are well positioned okay smp is up 10.
volatility is down a little bit let's wait until later in the day and we'll try to open some new trades tesla and amazon positions expiring today for large gains netflix new opening trade b plus grade i'll probably i'm probably trading it too small but i want netflix to fall more and then i'll i'll expand it as a spread i sell the 420 and buy the 380. actually i like that trade more i should have done this a spread tesla new opening trade b plus is a spread i'd sell the 520 and buy the 470. so i picked up here around 760 dollars s p up 45 vicks and vdix are both down seven percent this has been a great week for us the market has been very volatile this week it was down three out of the five days over to the days that it was up it was up a large amount all right 26 very good opening amazon tesla up actually every one of our positions is upset for netflix i heard that musk was going to host snl netflix new opening position high b grade as a spread i'd sell a higher put 425 by 395 melee did that as a spread picked up 90. never traded melee before high b grade i was thinking being more aggressive than selling the 1200 but it's okay i'm more comfortable with the strike uber close it out bought it back for 19 cents sold it for 49 cents decent profit and low stress tesla new opening position 600 by 550 that was just an earnings play but it's an earnings trade likely close out tomorrow here's what i said about it you know you can read my thoughts the 27th closing trade original is here so about 50 percent tesla closing trade the original was part of the roll so yesterday's trade closed it out for 26 cents and yesterday the day prior we sold it for 64.
closed for a nice profit due to the volatility contraction after the earnings announcement this is actually a very good situation because tesla is down quite a lot but it's within the expected move so there was a large volatility contraction yet it still provides an opportunity for us to open new positions in tesla later today hopefully it continues to fall many people who are along tesla stock are losing money today since it's down 30. but option sellers are making money as long as they weren't too aggressive with their strike selection sold an amazon call picked up almost 300 dollars it didn't use any additional buying power new opening trade on tesla picked up 600 dollars as a spread i'd be more aggressive and sell the 480 and buy the 400 new opening trade on shopify high b grade as a spread i'd be more aggressive and sell a short put that's 80 higher shopify closing trade so sold for 95 cents bought back for 25 cents kept 70 of the profit closing trade originals below kept 75 percent of the profit sold for 200 bucks bought back for 50 new opening trade b plus grade fill for a dollar oh eight new opening trade b plus grade this just filled closing trade the original was there kept over 50 of the profit closing trade on amazon so sold it for 267 so about 800 made about 740 of profit on that trade tesla new opening trade b plus grade picked up around seven hundred dollars there s p down three and a half and um volatility was mixed april 29th airbnb closing trade original was there amazon reports earnings after the market closes today new opening trade b grade as a spread i'd be more aggressive and choose a strike that's twenty dollars higher paypal new opening trade b plus grade new opening trade b plus grade here's a new opening trade for uh uber high b plus grade tesla down three and a half percent volatility of nine percent square new opening trade high b grade will likely close out early amazon up 115 after earnings smp of 28 volatility up amazon calls close that out so made about two hundred dollars there seventy percent profit i should have said about it close lower price so instead of 75 cents i probably could have closed it around 45 cents yeah the market price is 35 cents i think when setting the buy to close price it's just setting a price that i would accept to close the position so it is what it is good trade nonetheless b plus grade for paypal and the opening group new opening trade closing trade for amazon here's the original sold for 526 dollars bought back for 15 dollars needless to say i should have traded it much larger shopify is um 15. uh it's a b plus grade so for a dollar fifteen s p down thirty volatility is up and then today s p up twenty amazon down eighteen tesla down twelve new opening trade in airbnb b plus grade five or mellie square and uber have earnings this week so we should be able to close out those positions after earnings i'm very surprised that volatility is down many market leaders are down significantly new opening or this is actually a roll i rolled the 2580 to 2760 and picked up 160 dollars i probably should have rolled in the expiration as well to may 21st but then i would have significantly ate into the premium received i probably would have received i don't know 30 or 40 cents a premium and then it might not have been worth it s p up 11 volatility down slightly amazing down two point three percent tesla down three point five percent shot down five percent so these are all the alerts to the present day you can join the seven day trial it's only 19 you can enroll at beststockstrategy.com that's beststockstrategy.com/memberships so again if you want to enroll you can go to beststockstrategy.com/memberships
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