Options Trading Journal 2024-10-11

My Options Trading Journal – 2024-10-12
Disclaimer: These notes are purely descriptive and do not constitute investment advice. Please do your own research before making any trading decisions.
ARKK
I closed my position on ARKK put options (241025P00044000) today for a net profit of $20.14. This trade involved a short put strategy, where I sold the put options on October 8th at a premium of $0.49 and then bought them back on October 11th at $0.27. This put option had a strike price of $44 and expired on October 25th.
The trade went well as ARKK's price moved higher than the strike price, making the option less valuable and allowing me to buy it back at a lower price.
CMCSA
I am currently holding a short put position on CMCSA (241101P00039000). I sold the put option on October 11th at a premium of $0.45. This put option has a strike price of $39 and expires on November 1st.
I plan to hold this position until expiration, hoping to profit from any further increase in CMCSA's price.
APA
I closed my position on APA put options (241220P00025000) today for a net profit of $122.19. This trade involved a short put strategy, where I sold the put options on October 11th at a premium of $1.23. This put option had a strike price of $25 and expired on December 20th.
The trade performed well as APA's price climbed above the strike price, making the option less valuable and allowing me to close it with a significant profit.
GM
I closed my position on GM put options (241115P00043000) today for a net profit of $34.89. This trade involved a short put strategy, where I sold the put options on September 27th at a premium of $1.01 and bought them back on October 11th at $0.64. This put option had a strike price of $43 and expired on November 15th.
The trade went according to plan as GM's price rose above the strike price, reducing the value of the option and allowing me to purchase it back at a lower price.