HashFlare
HashFlare

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I came into today with two options left to expire for July. At the open, my order for ADI hit. While ADI was trading at $79.55, I bought to close my one ADI July $80 naked put for $0.39 and sold one ADI September $80 naked put for $3.24 and received $284.30 after paying $0.70 in commission. I brought in $339.75 when I made the trade on the July ADI put and after closing the position for $39.35, I have a realized profit of $300.40.

My other July option was on IWM. While IWM was trading at $142.84, I sold one IWM $142 naked put for $2.42 and received $241.32 after paying $0.68 in commission. I’m letting the IWM July $138 naked put expire worthless. I earned $440.89 when I sold the July put and will have a full realized gain of $440.89 since I’m not paying anything to close the single put.

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For the day, I have a realized gain of $741.29 from the two July options. $741 is good, but not really hitting my target of getting better than a 10% annualized gain for the year. Low volatility is killing my returns on top of my risk averse approach this year.

You can find my trade video on YouTube here.

HashFlare

HashFlare

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