Weekly Recap September 21, 2018

September 21, 2018by adminc0

August 31

Bull put Spread on UVXY as part of the option wisdom option trading services

Option trading alert

Sell to Open 2018 SEP 21  $7.5    Put       (0.37)
Buy to Open 2018 SEP 21  $6.5    Put       (0.08)

For a total credit of $0.29
This was a 5-1 reverse split which puts the settle at $7.36.  The $7.5 put then settles in the money.  The gain on the trade is $0.15 ($7.5 – $7.36 0.29)

If you were exercised exit ASAP.


 

August 23

Purchase GLD September 21, 2018, $111 Put at $0.75 or lower

Take Profit is  $1.50

This option Expired worthless a loss of $0.75


August 14

Purchase XRT September 21, 2018, $54.00 Call at $0.35 or lower

Take Profit is  $0.70

This options expired worthless a loss of $0.70


July 30

Bull Put Credit Spread on USO

Sell to Open USO 2018 SEP 21  $14.0 Put  (0.29)

Buy to Open USO 2018 SEP 21 $12.5 Put  (0.04)

For a total credit of $0.25

Both Options expired worthless a gain of $0.25


July 26

Purchase FB September 21, 2018, $210 Call at $0.85 or lower

Take Profit is  $1.70

This option expired worthless a loss of $0.85

adminc


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