Friday, July 30, 2021

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

Thursday, July 29, 2021

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%

Friday, July 23, 2021

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

Thursday, July 22, 2021

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

Friday, July 16, 2021

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%

Thursday, July 15, 2021

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

Friday, July 9, 2021

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%

Thursday, July 8, 2021

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

Tuesday, July 6, 2021

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.

Thursday, July 1, 2021

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%