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Wednesday, September 18, 2013

Spiders (SPY) Oct Ratio Put Spread


buy 4 Oct 2013 $158 put options at $1.87
sell 8 Oct 2013 $157 put options at $1.67

I got paid $578.67 immediately.


closed the entire position right after the Fed's announcement

Net profit:  $457.36 (in one month)


Ratio spreads have the highest probability of success.

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