Chicken Bull Put Spread Journal

CostaKapo

Active member
164 12
I'd like to try a strategy that I've never used previously but I think could be a nice passive income generator if it works.

I want to do bull put spreads 1 standard deviation away from the strike price and within 5 days of expiration.

I have done a few of them already and I will get those posted on here.

I'm currently in an $AAPL spread that expires tomorrow. I collected 290$ of premium while selling the 94 strike put and buying the 93 strike put. I have collected over 90% of the premium and I think going forward if I grab 85% of the premium I will close - but this one will expire worthless and I will keep 100% of the premium.

Edit - This will be done with separate account with expendable money outside of what I typically trade with.
 
Last edited:

CostaKapo

Active member
164 12
I just got back from the Czech Republic and I was away from the internet. I had a $NFLX Bull Put Spread that expired worthless. Luckily there was no black swan because if I were assigned, I would have been no where to be found.

These are my most recent trades:

Amount Comments DateAdded DateClosed EntryComments EntryDate EntryPrice EntryType ExitDate ExitPrice FuturesMonth FuturesYear IsOpenTrade OptionExpiration OptionStrike OptionType Percentage Shares IsShortSell Ticker Type Broker Newsletter Username
1294.49 $NFLX Spread 18:13.0 49:27.0 1.95 OPTION 04:08.0 0.62 0 0 FALSE 09/19/2014 435 CALL 68.21 10 TRUE NFLX Short Option TDAmeritrade Other PromptoCapital
7084.3 $PCLN 08:36.0 05:31.0 2.77 OPTION 48:12.0 9.87 0 0 FALSE 09/19/2014 1235 CALL 256.32 10 FALSE PCLN Long Option TDAmeritrade Other PromptoCapital
1224.5 bull put spread 54:16.0 35:59.0 1.44 OPTION 51:57.0 0.18 0 0 FALSE 01/16/2015 4525 CALL 87.5 10 TRUE NFLX Short Option TDAmeritrade Other PromptoCapital
-38.4 Left money 21:45.0 00:00.0 1.08 OPTION 00:00.0 0.85 0 0 FALSE 08/16/2014 22 CALL -21.3 1 FALSE ATVI Long Option ShareBuilder Other PromptoCapital
-41.03 ... 22:53.0 25:17.0 67.1399 STOCK 31:44.0 65.0901 0 0 FALSE CALL -3.05 20 FALSE VYM Long Stock TDAmeritrade Other PromptoCapital
-3372.96 Bull put spread 13:04.0 56:34.0 1.56 OPTION 31:09.0 5.27 0 0 FALSE 08/15/2014 125 CALL -237.82 9 TRUE BA Short Option TDAmeritrade Other PromptoCapital
2874.97 Bull put spread 13:04.0 56:34.0 1.21 OPTION 31:09.0 4.42 0 0 FALSE 08/15/2014 124 CALL 265.29 9 FALSE BA Long Option TDAmeritrade Other PromptoCapital
-1715.5 Bull Put Spread 49:28.0 52:33.0 2.3 OPTION 42:37.0 0.6 0 0 FALSE 01/16/2015 9286 CALL -73.91 10 FALSE AAPL Long Option TDAmeritrade Other PromptoCapital
1954.47 Bull Put Spread 49:28.0 52:33.0 2.86 OPTION 42:37.0 0.87 0 0 FALSE 08/15/2014 94 CALL 69.58 10 TRUE AAPL Short Option TDAmeritrade Other PromptoCapital
 

CostaKapo

Active member
164 12
I realize the export feature doesn't translate well, I will try to get a better way to import my trades.

I was in a $TSLA position today that I had to exit quickly. I took quite a hit on it.



If you are a profit.ly user that is the easiest way to see the moves I have made

http://profit.ly/user/PromptoCapital/trades
 

CostaKapo

Active member
164 12
This is the position I am currently in.

Options - Market value = $-1,323.00* Thu Sep 25 2014 3:00:25 pm EDT
Symbol Underlying Symbol Qty Bid Ask Mkt Val Maint Req Cost Gain($) Gain(%) Last Close
NFLX 100 (Weeklys) SEP4 14 442.5 PUT NFLX -18 1.8 1.89 -3,321.00 4,500.00 -3,402.00 81 2.38 1.84 0.515
NFLX 100 (Weeklys) SEP4 14 440 PUT NFLX 18 1.07 1.15 1,998.00 0 2,196.00 -198 -9.02 1.06 0.33
 

CostaKapo

Active member
164 12
The NFLX spread proved to be very profitable.

09/26/2014 12161345645 Sold NFLX Sep 26 2014 440.0 Put 18 0.24 432.00 13.50 418.05

09/26/2014 12161345639 Bought NFLX Sep 26 2014 442.5 Put 18 0.45 810.00 23.49 833.93

09/25/2014 12153444528 Sold NFLX Sep 26 2014 442.5 Put 18 1.89 3,402.00 23.49 3,377.99

09/25/2014 12153444520 Bought NFLX Sep 26 2014 440.0 Put 18 1.22 2,196.00 13.50 2,209.94
Netted $1168.05
 

CostaKapo

Active member
164 12
I am dipping in the $NFLX well again this time with a Bull Put Spread expiring this Friday.

NFLX 100 (Weeklys) OCT1 14 432.5 PUT

NFLX 100 (Weeklys) OCT1 14 430 PUT
 

CostaKapo

Active member
164 12
$PCLN Bear Call Spread going to expire worthless today. Made 1200 while risking 4000

 

CostaKapo

Active member
164 12
is that NFLX (edited after looking at previous page)
Ah, nice ATM trade... should be a great EOW and expire worthless

It would have expired worthless except I had a GTC order in place for contingency reasons and I forgot to lift it. I still took home most of the premium.
 

CostaKapo

Active member
164 12


I put in a limit order to debit .24 and take 300+ in profit - commissions but I started chasing, and it ran away. Still in the position - its been 20? minutes or so... up $187 mark price .28 debit Still have a day order for .24 to take about 325 away.
 

CostaKapo

Active member
164 12


I put in a limit order to debit .24 and take 300+ in profit - commissions but I started chasing, and it ran away. Still in the position - its been 20? minutes or so... up $187 mark price .28 debit Still have a day order for .24 to take about 325 away.



So only 12 contracts filled yesterday netting me 200$ and now the 13 remaining contracts are yielding 300+ on their own. I will let this expire worthless and take the 900$

What originally was a quick 300$ play has become a $1100 win.
 
 
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