Before diving into the full summary, let’s have the quick update on Trade #5 and #6.
Trade #5: SOFI – BULL PUT SPREAD (Closed Early for Small Profit)
- Strategy: Bull Put Spread
- Trade Placed: May 20, 2025
- Original Expiry: June 20, 2025
- Number of Contact: 2
- Leg 1 – Buy Put
- Strike Price: $10
- Premium Paid: $8 per contract
- Leg 2 – Sell Put
- Strike Price: $11.5
- Premium Received: $20 per contract
- Total Commission: $3.25
- Net Premium Received: ($20 – $8) * 2 – $3.25 = $20.75 (on expiry)
I closed it earlier by selling and buying back the BUY PUT and SELL PUT respectively
- Closed Early: June 6, 2025
- Leg 1 – Buy Put
- Sell at $0.04 option price by receiving $4
- Leg 2 – Sell Put
- Buy at $0.25 option price by paying $5
- Total Commission: $2.85
- Net Premium Paid: ($4 – $5) x 2 – $2.85 = -$4.85
Hence, instead of earning the full $36.16 on expiry, I took a small gain by paying back $22.84 to close the option contract. The net gain is $20.75 – $4.85 = $15.90
Trade #6: MARA– Bull Put Spread (Expired with Full Profit)
- Strategy: Bull Put Spread
- Stock Price (at entry): ~$16.70
- Trade Date: May 12, 2025
- Expiry Date: June 6, 2025
- Leg 1 – Sell Put
- Strike Price: $13.50
- Premium Received: $48.00
- Leg 2 – Buy Put
- Strike Price: $14.50
- Premium Paid: $29.00
- Net Premium Collected: $19.00
- Total Commission: $2.84
- Net Profit After Commission: $16.16
The stock stayed above the strike price through expiry, and I kept the full premium.
📊 Summary of Closed Trades (So Far – #1 – 6)
So far, I’ve completed 6 trades using a mix of basic options strategies. Here’s a quick summary of what I’ve tested:
✅ Strategies Used:
- Sell Put – to collect premium with the intention to buy at a lower price
- Bull Put Spread – a more defined-risk strategy for bullish-to-neutral market
💰 Outcome:
All trades closed with small but positive profits, which is encouraging. While the gains aren’t huge, that’s completely fine — I treat this as a learning and experimentation phase, not a race to big profits.
The goal is to understand how different strategies behave, how the market responds, and how to manage risk — before scaling up.
The second last column indicates the percentage of my expected target. (Note: If I am very confident that the price will stay below my strike till expiry, i will wait till its expiry. And for some, I will just close as long as some profit is made)
Summarize It My Way 