Expiration Report for Fri 07/30/21

The following Cash Secured Put (CSP) positions were closed this week. All prices include TD commissions.

* denotes trades that were previously rolled.

Stock	Opened	Closed	Days	Shrs	Strikes	ProbOTM	Margin	P/L	ROI	AROI
DIA	7/16/2021	7/29/2021	13	100	$336.00	82%	$33,600.00	$107.47	0.32%	8.98%
IWM	7/16/2021	7/28/2021	12	100	$204.00	82%	$20,400.00	$114.47	0.56%	17.07%
QQQ	7/16/2021	7/28/2021	12	100	$339.00	86%	$33,900.00	$117.47	0.35%	10.54%
SPY	7/16/2021	7/26/2021	10	100	$410.00	88%	$41,000.00	$108.47	0.26%	9.66%
XLI	7/16/2021	7/28/2021	12	100	$98.50	80%	$9,850.00	$38.47	0.39%	11.88%
XLK	7/16/2021	7/28/2021	12	100	$142.50	87%	$14,250.00	$38.47	0.27%	8.21%
XLV	7/16/2021	7/28/2021	12	100	$125.50	80%	$12,550.00	$35.47	0.28%	8.60%
XLY	7/16/2021	7/27/2021	11	100	$170.00	88%	$17,000.00	$38.47	0.23%	7.51%
			12				$182,550.00	$598.76	0.33%	9.98%

Rolled Trades

The following Cash Secured Put (CSP) positions were rolled today. All prices include TD commissions.

All positions were rolled out and down for a net credit, bringing in additional premium and reducing margin requirements.

Date	Stock	Trade	Premium	Margin	Debit/Credit	Margin Effect	BP Effect
7/1/2021	IWM	Sell 1 Jul 16 '21 224 Put	$116.48	($22,400.00)
7/8/2021	IWM	Buy 1 Jul 9 '21 224 Put	($379.52)	$22,400.00
7/8/2021	IWM	Sell 1 Jul 30 '21 221 Put	$425.49	($22,100.00)	$45.97	($300.00)	$345.97
7/30/2021	IWM	Buy 1 Jul 30 '21 221 Put	($33.52)	$22,100.00
7/30/2021	IWM	Sell 1 Aug 13 '21 215 Put	$181.49	($21,500.00)	$147.97	($600.00)	$747.97
	IWM	Totals	$310.42	($21,500.00)	$193.94	($900.00)	$1,093.94

 

Date	Stock	Trade	Premium	Margin	Debit/Credit	Margin Effect	BP Effect
6/25/2021	XLE	Sell 1 Jul 9 '21 53 Put	$29.48	($5,300.00)
7/8/2021	XLE	Buy 1 Jul 9 '21 53 Put	($106.52)	$5,300.00
7/8/2021	XLE	Sell 1 Jul 30 '21 52 Put	$153.49	($5,200.00)	$46.97	($100.00)	$146.97
7/30/2021	XLE	Buy 1 Jul 30 '21 52 Put	($271.52)	$5,200.00
7/30/2021	XLE	Sell 1 Sep 17 '21 51 Put	$310.49	($5,100.00)	$38.97	($100.00)	$138.97
	XLE	Totals	$115.42	($5,100.00)	$85.94	($200.00)	$285.94

New Trades

The following Cash Secured Put (CSP) positions were established today. All prices include TD commissions.

Stock	Opened	ExpDate	Days	Shrs	Strikes	ProbOTM	Margin	P/L	ROI	AROI
ARKK	7/29/2021	8/13/2021	15	100	$113.00	83%	$11,300.00	$93.48	0.83%	20.13%
DIA	7/29/2021	8/13/2021	15	100	$340.00	82%	$34,000.00	$117.48	0.35%	8.41%
IWM	7/29/2021	8/13/2021	15	100	$212.00	84%	$21,200.00	$100.48	0.47%	11.53%
QQQ	7/29/2021	8/13/2021	15	100	$351.00	85%	$35,100.00	$114.48	0.33%	7.94%
SPY	7/29/2021	8/13/2021	15	100	$424.00	86%	$42,400.00	$111.48	0.26%	6.40%
XLE	7/29/2021	8/13/2021	15	100	$47.50	79%	$4,750.00	$39.48	0.83%	20.22%
XLI	7/29/2021	8/13/2021	15	100	$99.50	82%	$9,950.00	$38.48	0.39%	9.41%
XLK	7/29/2021	8/13/2021	15	100	$145.00	89%	$14,500.00	$36.48	0.25%	6.12%
XLV	7/29/2021	8/13/2021	15	100	$128.50	82%	$12,850.00	$35.48	0.28%	6.72%
XLY	7/29/2021	8/13/2021	15	100	$176.00	87%	$17,600.00	$43.48	0.25%	6.01%
			15				$203,650.00	$730.80	0.36%	8.73%

Expiration Report for Fri 07/23/21

The following Cash Secured Put (CSP) positions were closed this week. All prices include TD commissions.

* denotes trades that were previously rolled.

Stock	Opened	Closed	Days	Shrs	Strikes	ProbOTM	Margin	P/L	ROI	AROI
DIA	7/8/2021	7/22/2021	14	100	$330.00	85%	$33,000.00	$102.47	0.31%	8.10%
IWM	7/8/2021	7/22/2021	14	100	$209.00	84%	$20,900.00	$101.47	0.49%	12.66%
QQQ	7/8/2021	7/21/2021	13	100	$336.00	89%	$33,600.00	$107.47	0.32%	8.98%
XLI	7/8/2021	7/22/2021	14	100	$98.00	85%	$9,800.00	$44.47	0.45%	11.83%
XLK	7/8/2021	7/20/2021	12	100	$141.00	89%	$14,100.00	$34.47	0.24%	7.44%
XLV	7/8/2021	7/22/2021	14	100	$125.00	80%	$12,500.00	$36.47	0.29%	7.61%
XLY	7/8/2021	7/22/2021	14	100	$171.00	89%	$17,100.00	$39.47	0.23%	6.02%
			14				$141,000.00	$466.29	0.33%	8.62%

The following Bull Put Credit Spreads (BPCS) positions were closed this week. All prices include TD commissions.

Stock	Opened	Closed	Days	Shrs	Strikes	ProbOTM	Margin	P/L	ROI	AROI
ARKK	7/9/2021	7/19/2021	10	100	115/75	83%	$4,000.00	($200.06)	-5.00%	-5.00%
SPY	7/6/2021	7/21/2021	15	100	415/320	86%	$9,500.00	$99.96	1.05%	1.76%
			13				$13,500.00	($100.10)	-0.74%	-20.82%

Rolled Trades

The following Cash Secured Put (CSP) positions were rolled today. All prices include TD commissions.

All positions were rolled out and down for a net credit, bringing in additional premium and reducing margin requirements.

Date	Stock	Trade	Premium	Margin	Debit/Credit	Margin Effect	BP Effect
7/8/2021	XLE	Sell 1 Jul 23 '21 49 Put	$44.48	($4,900.00)
7/23/2021	XLE	Buy 1 Jul 23 '21 49 Put	($48.52)	$4,900.00
7/23/2021	XLE	Sell 1 Aug 20 '21 47 Put	$103.49	($4,700.00)	$54.97	($200.00)	$254.97
	XLE	Totals	$99.45	($4,700.00)	$54.97	($200.00)	$254.97

New Trades

The following Cash Secured Put (CSP) positions were established today. All prices include TD commissions.

Stock	Opened	ExpDate	Days	Shrs	Strikes	ProbOTM	Margin	P/L	ROI	AROI
DIA	7/22/2021	8/6/2021	15	100	$335.00	84%	$33,500.00	$113.48	0.34%	8.24%
IWM	7/22/2021	8/6/2021	15	100	$206.00	84%	$20,600.00	$116.48	0.57%	13.76%
QQQ	7/22/2021	8/6/2021	15	100	$346.00	86%	$34,600.00	$117.48	0.34%	8.26%
SPY	7/22/2021	8/6/2021	15	100	$416.00	87%	$41,600.00	$115.48	0.28%	6.75%
XLI	7/22/2021	8/6/2021	15	100	$98.00	86%	$9,800.00	$36.48	0.37%	9.06%
XLK	7/22/2021	8/6/2021	15	100	$144.50	86%	$14,450.00	$40.48	0.28%	6.82%
XLV	7/22/2021	8/6/2021	15	100	$125.50	84%	$12,550.00	$34.48	0.27%	6.69%
XLY	7/22/2021	8/6/2021	15	100	$173.00	88%	$17,300.00	$42.48	0.25%	5.98%
			15				$184,400.00	$616.84	0.33%	8.14%

Rolled Trades

The following Cash Secured Put (CSP) positions were rolled today. All prices include TD commissions.

All positions were rolled out and down for a net credit, bringing in additional premium and reducing margin requirements.

Date	Stock	Trade	Premium	Margin	Debit/Credit	Margin Effect	BP Effect
6/25/2021	IWM	Sell 1 Jul 9 '21 225 Put	$83.48	($22,500.00)
7/8/2021	IWM	Buy 1 Jul 9 '21 225 Put	($253.52)	$22,500.00
7/8/2021	IWM	Sell 1 Jul 23 '21 220 Put	$287.49	($22,000.00)	$33.97	($500.00)	$533.97
7/22/2021	IWM	Buy 1 Jul 23 '21 220 Put	($157.52)	$22,000.00
7/22/2021	IWM	Sell 1 Aug 6 '21 215 Put	$266.49	$21,500.00	$108.97	($500.00)	$608.97
	IWM	Totals	$226.42	$21,500.00	$142.94	($1,000.00)	$1,142.94

Expiration Report for Fri 07/16/21

The following Cash Secured Put (CSP) positions were closed this week. All prices include TD commissions.

* denotes trades that were previously rolled.

Stock	Opened	Closed	Days	Shrs	Strikes	ProbOTM	Margin	P/L	ROI	AROI
DIA	7/1/2021	7/15/2021	14	100	$339.00	78%	$33,900.00	$109.47	0.32%	8.42%
QQQ	7/1/2021	7/14/2021	13	100	$340.00	85%	$34,000.00	$106.47	0.31%	8.79%
SPY	7/1/2021	7/14/2021	13	100	$418.00	83%	$41,800.00	$108.47	0.26%	7.29%
XLB	7/1/2021	7/14/2021	13	200	$80.00	83%	$16,000.00	$42.94	0.27%	7.54%
XLI	7/1/2021	7/14/2021	13	200	$99.50	83%	$19,900.00	$52.93	0.27%	7.47%
XLK	7/1/2021	7/12/2021	11	100	$142.00	85%	$14,200.00	$35.47	0.25%	8.29%
XLV	7/1/2021	7/9/2021	8	100	$124.00	80%	$12,400.00	$23.47	0.19%	8.64%
XLY	7/1/2021	7/12/2021	11	100	$172.00	88%	$17,200.00	$29.47	0.17%	5.69%
			12				$189,400.00	$508.69	0.27%	8.17%

New Trades

The following Cash Secured Put (CSP) positions were established today. All prices include TD commissions.

Stock	Opened	ExpDate	Days	Shrs	Strikes	ProbOTM	Margin	P/L	ROI	AROI
DIA	7/16/2021	7/30/2021	14	100	$336.00	82%	$33,600.00	$112.48	0.33%	8.73%
IWM	7/16/2021	7/30/2021	14	100	$204.00	82%	$20,400.00	$119.48	0.59%	15.27%
QQQ	7/16/2021	7/30/2021	14	100	$339.00	86%	$33,900.00	$122.48	0.36%	9.42%
SPY	7/16/2021	7/30/2021	14	100	$410.00	88%	$41,000.00	$113.48	0.28%	7.22%
XLI	7/16/2021	7/30/2021	14	100	$98.50	80%	$9,850.00	$43.48	0.44%	11.51%
XLK	7/16/2021	7/30/2021	14	100	$142.50	87%	$14,250.00	$43.48	0.31%	7.95%
XLV	7/16/2021	7/30/2021	14	100	$125.50	80%	$12,550.00	$40.48	0.32%	8.41%
XLY	7/16/2021	7/30/2021	14	100	$170.00	88%	$17,000.00	$43.48	0.26%	6.67%
			14				$182,550.00	$638.84	0.35%	9.12%

Rolled Trades

The following Cash Secured Put (CSP) positions were rolled today. All prices include TD commissions.

All positions were rolled out and down for a net credit, bringing in additional premium and reducing margin requirements.

Date	Stock	Trade	Premium	Margin	Debit/Credit	Margin Effect	BP Effect
7/1/2021	XLE	Sell 2 Jul 16 '21 52 Put	$56.96	($10,400.00)
7/15/2021	XLE	Buy 2 Jul 16 '21 52 Put	($397.03)	$10,400.00
7/15/2021	XLE	Sell 2 Sep 30 '21 49 Put	$484.97	($9,800.00)	$87.94	($600.00)	$687.94
	XLE	Totals	$144.90	($9,800.00)	$87.94	($600.00)	$687.94

Expiration Report for Fri 07/09/21

The following Cash Secured Put (CSP) positions were closed this week. All prices include TD commissions.

* denotes trades that were previously rolled.

Stock	Opened	Closed	Days	Shrs	Strikes	ProbOTM	Margin	P/L	ROI	AROI
DIA	6/25/2021	7/9/2021	14	100	$336.00	82%	$33,600.00	$85.47	0.25%	6.63%
QQQ	6/25/2021	7/7/2021	12	100	$338.00	84%	$33,800.00	$101.47	0.30%	9.13%
SPY	6/25/2021	7/7/2021	12	100	$417.00	81%	$41,700.00	$105.47	0.25%	7.69%
XLI	6/25/2021	7/6/2021	11	100	$100.00	82%	$10,000.00	$30.47	0.30%	10.11%
XLK	6/25/2021	7/6/2021	11	100	$140.00	86%	$14,000.00	$27.47	0.20%	6.51%
XLV	6/25/2021	7/2/2021	7	100	$123.00	79%	$12,300.00	$35.47	0.29%	15.04%
XLY	6/25/2021	7/6/2021	11	100	$172.00	86%	$17,200.00	$34.47	0.20%	6.65%
			11				$162,600.00	$420.29	0.26%	8.58%

New Trades

The following Bull Put Credit Spread (BPCS) position was established today. All prices include TD commissions.

Stock	Opened	ExpDate	Days	Shrs	Strikes	ProbOTM	Margin	P/L	ROI	AROI
ARKK	7/9/2021	7/23/2021	14	100	115/75	83%	$4,000.00	$106.97	2.67%	69.72%

New Trades

The following Cash Secured Put (CSP) positions were established today. All prices include TD commissions.

Stock	Opened	ExpDate	Days	Shrs	Strikes	ProbOTM	Margin	P/L	ROI	AROI
DIA	7/8/2021	7/23/2021	15	100	$330.00	85%	$33,000.00	$107.48	0.33%	7.93%
IWM	7/8/2021	7/23/2021	15	100	$209.00	84%	$20,900.00	$106.48	0.51%	12.40%
QQQ	7/8/2021	7/23/2021	15	100	$336.00	89%	$33,600.00	$112.48	0.33%	8.15%
XLE	7/8/2021	7/23/2021	15	100	$49.00	78%	$4,900.00	$44.48	0.91%	22.09%
XLI	7/8/2021	7/23/2021	15	100	$98.00	85%	$9,800.00	$49.48	0.50%	12.29%
XLK	7/8/2021	7/23/2021	15	100	$141.00	89%	$14,100.00	$39.48	0.28%	6.81%
XLV	7/8/2021	7/23/2021	15	100	$125.00	80%	$12,500.00	$41.48	0.33%	8.07%
XLY	7/8/2021	7/23/2021	15	100	$171.00	89%	$17,100.00	$44.48	0.26%	6.33%
			15				$145,900.00	$545.84	0.37%	9.10%

Rolled Trades

The following Cash Secured Put (CSP) positions were rolled today. All prices include TD commissions.

All positions were rolled out and down for a net credit, bringing in additional premium and reducing margin requirements.

Date	Stock	Trade	Premium	Margin	Debit/Credit	Margin Effect	BP Effect
6/25/2021	IWM	Sell 1 Jul 9 '21 225 Put	$83.48	($22,500.00)
7/8/2021	IWM	Buy 1 Jul 9 '21 225 Put	($253.52)	$22,500.00
7/8/2021	IWM	Sell 1 Jul 23 '21 220 Put	$287.49	($22,000.00)	$33.97	($500.00)	$533.97
	IWM	Totals	$117.45	($22,000.00)	$33.97	($500.00)	$533.97

 

Date	Stock	Trade	Premium	Margin	Debit/Credit	Margin Effect	BP Effect
7/1/2021	IWM	Sell 1 Jul 16 '21 224 Put	$116.48	($22,400.00)
7/8/2021	IWM	Buy 1 Jul 9 '21 224 Put	($379.52)	$22,400.00
7/8/2021	IWM	Sell 1 Jul 30 '21 221 Put	$425.49	($22,100.00)	$45.97	($300.00)	$345.97
	IWM	Totals	$162.45	($22,100.00)	$45.97	($300.00)	$345.97

 

Date	Stock	Trade	Premium	Margin	Debit/Credit	Margin Effect	BP Effect
6/25/2021	XLE	Sell 1 Jul 9 '21 53 Put	$29.48	($5,300.00)
7/8/2021	XLE	Buy 1 Jul 9 '21 53 Put	($106.52)	$5,300.00
7/8/2021	XLE	Sell 1 Jul 30 '21 52 Put	$153.49	($5,200.00)	$46.97	($100.00)	$146.97
	XLE	Totals	$76.45	($5,200.00)	$46.97	($100.00)	$146.97

New Trades

A Bull Put Credit Spread (BPCS) can be used as an alternative to a Cash Secured Put (CSP). It requires a lot less capital, and if the long put is bought for less than $0.10, the premium is almost the same as a CSP. I posted a trading plan today and also established the following trade. All prices include TD commissions.

Stock	Opened	ExpDate	Days	Shrs	Strikes	ProbOTM	Margin	P/L	ROI	AROI
SPY	7/6/2021	7/23/2021	17	100	415/320	86%	$9,500.00	$104.97	1.10%	23.72%

Bull Put Credit Spread ETF Trading Plan

INVESTMENT OBJECTIVE

The primary objective is to generate monthly income with a high probability of success. This strategy is an alternative to trading Cash Secured Puts (CPSs) for smaller accounts.

INVESTMENT STRATEGY

Sell out-of-the-money (OTM) Bull Put Credit Spread (BPCS) on Exchange Traded Funds (ETF's) with an 80%+ probability of expiring OTM.

EXCHANGE TRADED FUNDS

The main ETF's traded will be DIA, IWM, QQQ, SPY, and the XLx SPDR Sector ETF's.

POSITION SIZING

Positions will be established at 1 contract (i.e. 100 shares) per underlying.

TRADE SETUP

Before entering a trade, use Ichimoku Cloud to determine the trend and the support levels. Preferably the trend should be neutral to up. Key indicators of an uptrend:

• The cloud is Green (Senkou Span A > Senkou Span B).
• The stock price is above the cloud .
• The Base Line (Kijun-sen) is above the cloud.
• The Lagging Span (Chikou Span) is above the cloud.

Support is at the top and bottom of the cloud. So look for strikes in that range.

ENTRY STRATEGY

Place an order the sell a BPCS by selling an OTM Put with a delta of 20 or less (80%+ Probability OTM), and buying an OTM Put in the same expiration for $0.05.

EXIT STRATEGY

Place a GTC order to close the BPCS at $0.05 to take profit.

Place a GTC order to close the spread at market if the stock price falls below the breakeven price (i.e. stop loss).

TRADE ORDERS

All 3 orders can be placed at once using Thinkorswim (TOS) 1st Triggers OCO. The first order will be to enter the BPCS. If filled, it will trigger the GTC OCO orders to close the BPCS either at a profit or loss. OCO stands for One-Cancels-Other, meaning one order will be filled and the other canceled.

Expiration Report for Fri 07/02/21

The following Cash Secured Put (CSP) positions were closed this week. All prices include TD commissions.

* denotes trades that were previously rolled.

Stock	Opened	Closed	Days	Shrs	Strikes	ProbOTM	Margin	P/L	ROI	AROI
DIA*	6/3/2021	6/30/2021	27	100	$330.00	86%	$33,000.00	$198.44	0.60%	8.13%
IWM	6/17/2021	6/30/2021	13	100	$217.00	83%	$21,700.00	$106.47	0.49%	13.78%
QQQ	6/17/2021	6/30/2021	13	100	$328.00	83%	$32,800.00	$107.47	0.33%	9.20%
SPY	6/17/2021	6/29/2021	12	100	$407.00	83%	$40,700.00	$142.47	0.35%	10.65%
SPY*	6/4/2021	6/29/2021	25	100	$400.00	83%	$40,000.00	$231.44	0.58%	8.45%
XLE	6/17/2021	6/25/2021	8	100	$50.50	82%	$5,050.00	$32.47	0.64%	29.34%
XLI*	6/3/2021	6/29/2021	26	100	$98.00	88%	$9,800.00	$82.44	0.84%	11.81%
XLK	6/17/2021	6/28/2021	11	100	$121.00	88%	$12,100.00	$34.47	0.28%	9.45%
XLV	6/17/2021	6/28/2021	11	100	$136.00	84%	$13,600.00	$30.47	0.22%	7.43%
XLY	6/17/2021	6/28/2021	11	100	$165.00	86%	$16,500.00	$42.47	0.26%	8.54%
			16				$225,250.00	$1,008.61	0.45%	10.21%

New Trades

The following Cash Secured Put (CSP) positions were established today. All prices include TD commissions.

Stock	Opened	ExpDate	Days	Shrs	Strikes	ProbOTM	Margin	P/L	ROI	AROI
DIA	7/1/2021	7/16/2021	15	100	$339.00	78%	$33,900.00	$114.48	0.34%	8.22%
IWM	7/1/2021	7/16/2021	15	100	$224.00	79%	$22,400.00	$116.48	0.52%	12.65%
QQQ	7/1/2021	7/16/2021	15	100	$340.00	85%	$34,000.00	$111.48	0.33%	7.98%
SPY	7/1/2021	7/16/2021	15	100	$418.00	83%	$41,800.00	$113.48	0.27%	6.61%
XLB	7/1/2021	7/16/2021	15	200	$80.00	83%	$16,000.00	$52.96	0.33%	8.05%
XLE	7/1/2021	7/16/2021	15	200	$52.00	82%	$10,400.00	$56.96	0.55%	13.33%
XLI	7/1/2021	7/16/2021	15	200	$99.50	83%	$19,900.00	$62.96	0.32%	7.70%
XLK	7/1/2021	7/16/2021	15	100	$142.00	85%	$14,200.00	$40.48	0.29%	6.94%
XLV	7/1/2021	7/16/2021	15	100	$124.00	80%	$12,400.00	$28.48	0.23%	5.59%
XLY	7/1/2021	7/16/2021	15	100	$172.00	88%	$17,200.00	$34.48	0.20%	4.88%
			15				$222,200.00	$732.24	0.33%	8.02%