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Friday, March 8, 2013

SPY March week 2 Put Options

Friday, 3/1/2013

sell to open 2 March week 2 2013  $151 put options @ $0.73

Friday, 3/8/2013 (expiration Friday)

at 6:30 am, my "buy to close" order at $0.01 filled!

Total net gain:  $135.41 (one week)

Initial investment amount:  ZERO!!

Note:  SPY closed at $155.44 at 1:00 pm today, so my short put option would have been fine.  However, I do try to be a disciplined trader by actively closing my profitable positions, even on Expiration Friday.

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