Before diving into the full summary, let’s have the quick update on Trade #7.
Trade #7: LRCX – BULL PUT SPREAD (Closed early in 5 days instead of 21 days after realizing more than 68% of the expected Profit)
- Strategy: Bull Put Spread
- Trade Placed: June 6, 2025
- Original Expiry: July 3, 2025
- Number of Contact: 1
- Leg 1 – Buy Put
- Strike Price: $74
- Premium Paid: $35 per contract
- Leg 2 – Sell Put
- Strike Price: $79
- Premium Received: $89 per contract
- Total Commission: $3.25
- Net Premium Received: ($89 – $35) – $2.84 = $51.16 (on expiry)
I closed it earlier by selling and buying back the BUY PUT and SELL PUT respectively
- Closed Early: June 11, 2025
- Leg 1 – Buy Put
- Sell at $0.16 option price by receiving $16
- Leg 2 – Sell Put
- Buy at $0.35 option price by paying $35
- Total Commission: $2.84
- Net Premium Paid: ($16 – $35) – $2.85 = -$21.84
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 $51.16 – $21.84= $29.32
📊 Summary of Closed Trades (So Far – #1 – 7)
So far, I’ve completed 7 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)
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Summarize It My Way 