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Thursday, May 1, 2014

SPY May 2 2014 Put Options

Watch on YouTube:  How I managed these put options, which went "in-the-money."

3/19/2014

Sell (to open) 2 May 2, 2014 SPY $183 puts at $2.12

Cash received:  $424

Probability of success:  60%


5/1/2014 (Thu)

buy (to close) both put options at $0.02

NET PROFIT:   $410.44

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