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Friday, March 8, 2013

Russell 2000 ETF (IWM) Put Option


sell to open 4 March 2013  $88 put options at $0.60

reasons for trade:  slow stochastics below 20 + daily candlestick touching 50 EMA (possible support)


My "buy to close" order at $0.04 filled at 6:30 am today!  I was so thankful the "ask" had reached $0.05 an entire week before expiration!

Total net gain:  $213.85  (9 days)

Initial investment amount:  ZERO!!


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