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Disclaimer:
The information provided in this newsletter is for educational and informational purposes only and should not be construed as financial advice or as a recommendation for any specific security or trading strategy. My assumptions and observations were only valid at the time of trade execution and, for this reason, the trades described in the newsletter should not be mirrored. I share my trades and the rationale behind them exclusively for the purpose of teaching technical analysis and option trading techniques.
Summary
I did the following option trades this week:
I closed the UPRO cash-secured put to lock in $164 profits.
I closed the QCOM cash-secured put to lock in $97 profits.
To receive Live Trade Alerts, Detailed Trade Reports on the day of trade execution, weekly snapshots of my Options Portfolio as well as access to the HB7 Trading community chat, join my subscription on Patreon.
Option Trades
Trade 1
On June 3, 2025, I bought to close (BTC) the 1 UPRO $75 cash-secured put expiring on June 20, 2025 to lock in 60% of the max profits, with 17 days left until expiration. I paid back $110 to close the contract, plus fees and commissions.
I locked in a profit of $164 or a 2.1% return in 102 days
BTC 1 UPRO 6/20/2025 $75 cash-secured put (-$1.10/share)
Motivation:
Reminder: I opened this trade on Feb 21, 2025 with a $82 strike expiring on Mar 21, 2025 and received a premium of $1.50/share or $150 for the contract, minus fees and commissions.
Reminder: On Mar 20, 2025, I rolled the put out and down to a strike of $75 expiring on June 20, 2025 and received a net credit of $1.24/share or $124 for the contract, minus fees and commissions.
In total, I received premiums of $274.
I decided to not get greedy and close the trade, lock in the profits, take risk off the table, and free up the cash for the next opportunity. Markets remain very headline sensitive and so much can happen until the expiration in 17 days, also with increased tensions between Russia and the Ukraine.
UPRO traded as low as $46 on Apr 7. By rolling this cash-secured put out and down, I avoided assignment and I could now close this trade for a nice profit.
I made a profit of $164, minus fees and commissions, with an average collateral of $7,850 which is a return of 2.1%.
Trade 2
On June 6, 2025, I bought to close (BTC) the 1 QCOM $135 cash-secured put expiring on June 20, 2025 to lock in 78% of the max profits, with 14 days left until expiration. I paid back $28 to close the contract, plus fees and commissions.
I locked in a profit of $97 or a 0.7% return in 8 days
BTC 1 QCOM 6/20/2025 $135 cash-secured put (-$0.28/share)
Motivation:
Reminder: I opened this trade on May 29, 2025 and received a premium of $1.25/share or $125 for the contract, minus fees and commissions.
I decided to not get greedy and close the trade, lock in the profits, take risk off the table, and free up the cash for the next opportunity.
I made a profit of $97, minus fees and commissions, with a collateral of $13,500 which is a return of 0.7% in 8 days.
Let me know any questions or comments.
Best regards,
Tim | HB7 Trading
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