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Wednesday, April 23, 2014

XLI May Put Options

3/27/2014

sell (to open) 2 May 2014 $51 put options for $1.00

Probability of success:  53%
Reasons for placing the trade:  ETF has been "oversold" and is touching "support"


4/23/2014

buy (to close) both puts for $0.19

Reason for closing position:  ETF is approaching "overbought" condition

NET PROFIT:   $144.88

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