Options Trading

OXY - I kept rolling until all out with $550 profit.
REI - I still have some stocks and call open including sell naked put with ahead $120

Although my ITF to I funds so far not doing well, but I bought EFA April 16 $73 Call at $3.32 and sold OTM strike (Out of The Money) to reduce my cost = collect additional profit. So far 50% unrealize gain (if count the OTM I collect as reducing cost then it's almost 100% for unrealize gain).




NEW TRADE PUT IDEA FOR KNDI
Every 1 contract $7
I bought then I sold 2 contracts $6 to collect $.10 ($10) CREDIT for May expiration. It maybe late for May, but June you can collect at least $.18 ($18-breakeven is $4.82).
If KNDI trade above $7 at the expiration I keep my $10. If trade above $6, but below $7 then I have up to $99 more to collect. Or I will buy for more than 22% discount at $4.90 breakeven ($6 strike I sold extra - $1 credit (collect $7/$6 put spread) - $.10 credit collect initial) per share if it trade below $6. I don't mind to own them. (Hopefully I'll be able to profit similar to GPRO-GoPro that pick up stock for under $2 then collect additional profit average $.20/weekly along the way for more 8X of my cost as covered call and sold at $10 in early Feb). Note: I also sold extra naked put $6 for June expiration average $.94 for extra credit (May B1 $7/S2 $6/June S1 $6) as more than 80% options are expire worthless.


Kandi Technologies Group, Inc., through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts and off-road vehicles in the People's Republic of China and internationally. It offers off-road vehicles, including go-karts, all-terrain vehicles, utility vehicles, and other vehicles for sale to distributors or consumers; and EV parts comprising battery packs, EV drive motors, EV controllers, air conditioners, and other electric products, as well as electric scooters and electric self-balancing scooters. Kandi Technologies Group, Inc. has a strategic cooperation agreement with Jiangsu Jinpeng Group Ltd. to jointly develop the EV market in China.

The company was formerly known as Kandi Technologies, Corp. and changed its name to Kandi Technologies Group, Inc. in December 2012. Kandi Technologies Group, Inc. was founded in 2002 andis headquartered in Jinhua, the People's Republic of China.
Additionally, the short float on the stock is at 23.3%, which means we could get a huge upside boost if retail traders set their site on the stock.

Although my ITF to I funds so far not doing well, but I bought EFA April 16 $73 Call at $3.32 and sold OTM strike (out the market) to reduce my cost = collect additional profit. So far 50% unrealize gain (if count the OTM I collect as reducing cost then it's almost 100% for unrealize gain).


 
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Just notice OXY has an unusual volume on 3/26 with 23K trading only 319 open interest so
I bought APR 9 $32 and sold 3/26 $32.5 for $.64
Etrade PRO analyze close on 3/26: 46% below $28.86 with 53% chance of making money between $28.86 - $39.95

Every 2 $32 spread above I also bought 1 spread of APR 9 $31 and sold 3/26 $32.5 for $.92
 
Yay DAL (Delta Air Lines)
I have open Condor Call (Buy $47/Sell $51/Sell $56/Buy $60) - note not the same expiration date for $1.94 debit ($194) that I purchased on 3/11
Expiration date 3/19 ($47/$51/$56) and expiration date 4/16 ($60) If it increased in price to $60 I expect my $60 strike worth as least $2 to $6

I just converted 3/19 from $47/$51/$56 to B $50/S $52.5/S $57.5 for net credit of $1.97, so I still have March 19 $50/S $52.5/$57.5 (Etrade PRO analyze this strategy has 56% chance of making money) along with April 19 $60 for free.

then add additional REI Call spread
APR $2.50/$3.00 for $.20 debit with potential profit $.30 (150%) if it close above $3 on April 16
 
REI
Bought cover call for $2.70 (Buy stock and sell $3 call expire this Friday 3/19) for 10% profit then roll over as need to collect more or
Buy CALL Spread $2.5 and sell $3.0 for $.30 to collect $.20 (66% profit) if it close above $3 this Friday
I have both open in my IRA and ROTH IRA
 

SWAVET

Member
[FONT=&quot]Potential 638% profit on Covid-19 vaccines....It's not to late to follow them.

https://www.philstockworld.com/2021/03/09/2000000000000-tuesday-now-what/

We already have a play on PFE in our Long-Term Portfolio and, frankly, it's not doing well so far:[/FONT]

[TABLE="width: 95%"]
[TR="bgcolor: #FFFFFE"]
[TD]PFE Long Call[/TD]
[TD="align: left"]2023 20-JAN 30.00 CALL [PFE @ $34.35 $-0.04][/TD]
[TD="align: right"]50[/TD]
[TD="align: right"]9/28/2020[/TD]
[TD="align: right"](682)[/TD]
[TD="align: right"]$40,000[/TD]
[TD="align: right"]$8.00[/TD]
[TD="align: right"]$-1.95[/TD]
[TD="align: right"]$8.00[/TD]
[TD="align: right"] [/TD]
[TD="align: right"] [/TD]
[TD="align: right"]$6.05[/TD]
[TD="align: right"]$0.38[/TD]
[TD="align: right"]$-9,750[/TD]
[TD="align: right"]-24.4%[/TD]
[TD="align: right"]$30,250[/TD]
[/TR]
[TR="bgcolor: #FFFFFE"]
[TD]PFE Short Call[/TD]
[TD="align: left"]2023 20-JAN 37.00 CALL [PFE @ $34.35 $-0.04][/TD]
[TD="align: right"]-50[/TD]
[TD="align: right"]9/28/2020[/TD]
[TD="align: right"](682)[/TD]
[TD="align: right"]$-23,000[/TD]
[TD="align: right"]$4.60[/TD]
[TD="align: right"]$-1.25[/TD]
[TD="align: right"] [/TD]
[TD="align: right"] [/TD]
[TD="align: right"]$3.35[/TD]
[TD="align: right"]$0.37[/TD]
[TD="align: right"]$6,250[/TD]
[TD="align: right"]27.2%[/TD]
[TD="align: right"]$-16,750[/TD]
[/TR]
[TR="bgcolor: #FFFFFE"]
[TD]PFE Short Put[/TD]
[TD="align: left"]2022 16-SEP 35.00 PUT [PFE @ $34.35 $-0.04][/TD]
[TD="align: right"]-15[/TD]
[TD="align: right"]9/28/2020[/TD]
[TD="align: right"](556)[/TD]
[TD="align: right"]$-9,900[/TD]
[TD="align: right"]$6.60[/TD]
[TD="align: right"]$-0.85[/TD]
[TD="align: right"] [/TD]
[TD="align: right"] [/TD]
[TD="align: right"]$5.75[/TD]
[TD="align: right"]-[/TD]
[TD="align: right"]$1,275[/TD]
[TD="align: right"]12.9%[/TD]
[TD="align: right"]$-8,625[/TD]
[/TR]
[/TABLE]
[FONT=&quot]We invested net $7,100 in that $35,000 spread and we're down $2,225 but that means, as a new trade, it's only net $4,875 for the $35,000 spead with $31,125 (638%) upside potential if PFE can get back to $37 by 2023 and the worst case is you end up owning 1,500 shares at $35 ($52,500) plust the $4,875 invested comes out to about $38/share but those are only Sepember puts and they are now $5.75 and mostly premium and the 2023 $33 puts are $4.50 so we'd lower our basis by rolling them if we have to. The margin on the short puts is just $5,379, so it's a very efficient way to make $31,125. [/FONT]
We have a similar spread in our Money Talk Portfolio and, like the LTP, we're going to leave it alone for now but, in our Dividends Portfolio, we don't have PFE – even though they pay a nice $1.56 (4.54%) dividend – and we know how to enhance that with a simple options strategy. So, for the Dividend Portfolio, let's add:

  • Buy 1,000 Shares of PFE for $34.35 ($34,500)
  • Sell 10 PFE 2023 $30 calls for $6 ($6,000)
  • Sell 10 PFE 2023 $33 puts for $4.50 ($4,500)
That drops our net entry to $24,000 or just $24 per share. If we are assigned 1,000 more at $33, our average cost per share would be $28.50, still 17% below the current price. That makes the $1,560 dividend we expect to collect a very nice 6.5% dividend while we wait to be called away with a $6,000 (25% profit) but, of course, we intend to roll our short puts and calls and keep the stock for the long run.
[FONT=&quot]It's not very sexy with "just" an anticipated return of $9,120 (38%) against our $24,000 investment in two years but, if PFE is safely over $37 early next year, we can then release the allocation block for another trade. That's why, even with conservative targets like these, our Dividend Portfolio is up 70.2% since Oct 25, 2019. As we discussed in last week's Live Trading Webinar, you don't have to swing for the fences to make very nice returns and, if you keep getting hits – some of them are going to be home runs anyway.[/FONT]
 
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