Profit of $3388.4 Weekly Options trading Journey #8

Today is a good day.

I have closed SQ, Etsy, DOCU all with almost 0. Total profit of $3388.4 for those 4 trade close. This means I can buy more tesla stock next Monday.

I do not want to be too aggressive in the trading, so I will open a small position on ETSY, SQ, and AMD position. Today. I wanted to add Tesla for the Iron Condor, but I want the price to be closer to $500 or $700 to open the trade. If the price goes down to $550 I will open the trade for $495/500 vertical put, if the price goes around $630, I will put $695/700 Vertical Call spread. If they go both directions, I will open Iron condor to get the maximum trade as I did it with Etsy and Tesla this week.

One more trade has been made with PLTR. It had a rough week this week. I don't think it will go down even more, so I have sold this one. I could have done with naked put, but for the margin requirement, I decided to go with Put Vertical.

This week, I had a loss of $630 on Journey #5

I had a profit on Journey #7 which is yesterday of $1373.6

Today I had a profit of $3388.4

So Total profit for the week is $3388.4 + $1373.6 - $630 = $4132 for the week.

Next week, I will buy 4132 / 600 = 6.8 shares of Tesla. I do not want my cash to go down every time I buy Tesla, so I will purchase 6 shares of Tesla next Monday.

Closed Trade:

SQ: 10 Dec 4 195/200 Put Vertical @ 0.8696 closed @ 0.04

ETSY: 10 Dec 4 147/150 Put Vertical @0.9796 closed @ 0.03

ETSY: 10 Dec 4 170/175 Call Vertical @ 0.5797 it will expire worthlessly

DOCU: 10 Dec 4 217.5/220 PutVertical @1.0395 closed @ 0.01

Total Profit: $3388.4

Open Trade:

SQ: 10 Dec 11 195/200 Put Vertical @ 1.0296

ETSY: 10 Dec 11 149/152.5 Put Vertical @ 1.0896

AMD: 10 Dec 11 149/152.5 Put Vertical @ 1.0896

PLTR: 10 Dec 11 19/22 Put Vertical @ 0.4897

Current Position:

WORK: 5 Dec 20 40 Call @ 3.2051

SQ: 10 Dec 11 195/200 Put Vertical @ 1.0296

ETSY: 10 Dec 11 149/152.5 Put Vertical @ 1.0896

AMD: 10 Dec 11 149/152.5 Put Vertical @ 1.0896

PLTR: 10 Dec 11 19/22 Put Vertical @ 0.4897

TSLA: 108 shares

======================================================================= #sellingPut #optiontrade #sellingput #putvertical #PutVertical #trading #stock #option

=======================================================================

I am not a financial advisor. Any trades listed are my own personal trades and meant for educational purposes only.
Option trading bears high risk and high return strategy for trader.