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Friday, September 13, 2013

Pepsico Put Options (PEP)


Sold (to open) 2 Sept. 2013 $80 put options at $0.64

Probability of success:  76%


These put options had been in-the-money since 8/21, so I decided to buy them back today and break even.  PEP was just slightly above my strike price when I closed my position this morning.

I bought back my options for $0.54.

Net gain:  $0.98  (breaking even is better than losing money)


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