Real Deal Apr-May 2016

April has been a very hectic month for me due to my work commitment. Though I did not have a chance to share individual trades with detail analysis that I opened after 15 April (15 April is Options Expiration Friday), I do intend to share all the positions that I initiated/closed from 15 Apr until last Friday.

Screen Shot 2016-05-06 at 10.43.41 PM

Trade 1 (Open Position): SPY Bear Call Credit Spread (Captured $1.70 premium per contract). Max risk = $3.30 ($5 – $1.70) and Max profit = $1.70 premium per contract.

Trade 2 (Open Position): GS Bear Call Credit Spread (Captured $1.05 premium per contract).Max risk = $3.95 ($5 – $1.05) and Max profit = $1.05 premium per contract.

Trade 3 (Closed Position): FB Earning trade – Double Diagonal + Buy Strangle (Paid $7.25 premium per contract). On the next day, closed the position and captured $10.10 premium per contract. Profit = $285 per option contract. I will share this earning strategy in future post. This strategy is good to capture vega collapse of the near term options and at the same time allow unlimited profit if the stock gaps up/down a lot post earning news release.

Trade 4(Open Position): AAPL Bull Put Credit Spread (Captured $0.55 premium per contract). Max risk = $1.45 ($2 – $0.55) and Max profit = $0.55 premium per contract.

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