The trades today include 2 Jade Lizards, which are similar to Seagulls. They both consist of a CSP plus a call spread. The Seagull is a CSP plus a Bull Call Debit Spread and a Jade Lizard is a CSP plus a Bear Call Credit Spread. The risk profiles are also similar except a Seagull has more profit on the upside and a Jade Lizard has more profit on the downside.
The following Cash Secured Put (CSP) positions were established today. All prices include TD commissions.
Stock | Price | Opt | Strike | OTM | ProbOTM | ExpDate | Days | Margin | Premium | ROI | AROI |
---|---|---|---|---|---|---|---|---|---|---|---|
XLB | $63.49 | P | $60.00 | -5.50% | 83% | 10/16/2020 | 15 | $6,000.00 | $33.48 | 0.56% | 13.58% |
XLI | $76.88 | P | $73.00 | -5.05% | 83% | 10/16/2020 | 15 | $7,300.00 | $41.48 | 0.57% | 13.83% |
XLK | $117.84 | P | $110.00 | -6.65% | 83% | 10/16/2020 | 15 | $11,000.00 | $77.48 | 0.70% | 17.14% |
The following Seagull (CSP + Bull Call Debit Spread) positions were established today. All prices include TD commissions.
Profit if all options are OTM at expiration (i.e above the short put and below the long call).
Stock | Strikes | ExpDate | Days | ProbOTM | Margin | P/L | ROI | AROI |
---|---|---|---|---|---|---|---|---|
QQQ | 265/282/284 | 10/16/2020 | 15 | 80% | $26,500.00 | $88.45 | 0.33% | 8.12% |
SPY | 265/282/284 | 10/16/2020 | 15 | 80% | $32,000.00 | $93.45 | 0.29% | 7.11% |
Profit if both call options are ITM at expiration (i.e above the short call).
Stock | Strikes | ExpDate | Days | ProbITM | Margin | P/L | ROI | AROI |
---|---|---|---|---|---|---|---|---|
QQQ | 265/282/284 | 10/16/2020 | 21 | 55% | $26,500.00 | $288.45 | 1.09% | 18.92% |
QQQ | 265/282/284 | 10/16/2020 | 21 | 55% | $32,000.00 | $293.45 | 0.92% | 15.94% |
The following Jade Lizard (CSP + Bear Call Credit Spread) positions were established today. All prices include TD commissions.
Profit if all options are OTM at expiration (i.e above the short put and below the long call).
Stock | Strikes | ExpDate | Days | ProbOTM | Margin | P/L | ROI | AROI |
---|---|---|---|---|---|---|---|---|
QQQ | 265/290/291 | 10/16/2020 | 15 | 80% | $26,500.00 | $227.45 | 0.86% | 20.89% |
SPY | 265/290/291 | 10/16/2020 | 15 | 80% | $32,000.00 | $226.45 | 0.71% | 17.22% |
Profit if both call options are ITM at expiration (i.e above the short call).
Stock | Strikes | ExpDate | Days | ProbITM | Margin | P/L | ROI | AROI |
---|---|---|---|---|---|---|---|---|
QQQ | 265/290/291 | 10/16/2020 | 21 | 70% | $26,500.00 | $127.45 | 0.48% | 8.36% |
QQQ | 265/290/291 | 10/16/2020 | 21 | 70% | $32,000.00 | $126.45 | 0.40% | 6.87% |