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Friday, February 21, 2014

$SPY Spider Ratio Spread

(SPY closed 2.25% lower....lots of selling..... GREAT time to SELL some PUT OPTIONS!!)

buy (to open) 1 Feb 2014 $170 put at $1.68
sell (to open) 2 Feb 2014 $167 puts at $1.13

probability of success:  77%

2/21/2014 (Fri)

SPY closed above $170, so all put options expired successfully.

NET PROFIT:  $48.66


Learn to sell put options.
One-on-one, online training by Lilia.
YouTube Channel:  Lilia L
Twitter:  @lilialam