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Monday, March 17, 2014

$IWM March Put Options

1/29/2014

buy (to open) 2 March 2014 $108 puts at $1.84
sell (to open) 4 March 2014 $107 puts at $1.61

reasons for trade:  IWM was "oversold"


3/17/2014

buy (to close) 2 March 2014 $107 puts at $0.03

Let the 107/108 debit spread expire on 3/21/2014

NET PROFIT:  $257.33

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