Tomorrow is an expiration day for weekly options. We have a few trades which are set to expire tomorrow and most of them will do so.
We had an Iron Condor against SPX, but our call side of the Condor got breached and we decided to move it away in time and converted it into a bull put spread. Now that side is a bullish trade and we have a new full month to deal with it.
The put side of the Condor will expire worthless tomorrow for a full profit of that spread.
We also had a bear call spread against SPX, which may expire worthless if the market stays below 1965 strike price. During this week the market moved rapidly against us and we need to watch this trade carefully tomorrow to see if it expires or we need to adjust it.
We had a bull put spread against GOOGL, which will expire worthless tomorrow.
Our last trade set to expire tomorrow was a bull put spread against NFLX. That trade will also expire worthless for a full profit.
If those trades expire tomorrow, we will realize a full profit of $292.00 (2.04%) in 5 days.
It is nice to have such gain every week!
Do you want to see our open trades we publish in our newsletter?
You can watch all our trades on our website. All trades sent out via this newsletter are recorded at My Trades & Income page.
Next week, we will continue selling weekly options for weekly income. If you want to receive free trade alerts of every trade we put on, you can subscribe to our newsletter.
After you subscribe, make sure you place our email firstname.lastname@example.org on your white list or check your spam box so you receive the email alert whenever we are about to open a new trade. Note that all trades we publish via a newsletter a real trades we open ourselves.
Many services out there will charge you hefty fees for information what to trade and how to trade it. With our newsletter, you can get it for free. But not always. We plan to have this service free for the next three years (October 2017) and then we also will charge a fee for this newsletter.
Have a great and Happy Friday and good luck trading stocks and options.
|All Dividend Investing, Options Trading, Personal Finance|