sell (to open) two June 2012 $490 put options at $5.20
credit collected: $1040
probability of expiring ITM: 20%
buy (to close) both put options at $2.94
Net gain: $441.91 in ONE DAY!
Initial investment amount: ZERO!! (this means that I spent NO money initially for this trade!)
Learn to sell put options at Lilia's Investing Academy.
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