sold (to open) 2 July 2014 $117 puts for $1.17
(I received $234 in cash)
Reasons for placing this trade:
- Probability of success: 68%
- "Oversold" (see chart)
bought (to close) both puts for $0.10
(I spent $20)
Reasons for closing this position:
- GLD rose 3% today.....a lovely surprise!
- I've collected 91% of the maximum profit in just 2 weeks
- "Overbought" (see chart)
NET PROFIT: $194.99 (in 2 weeks)
Note the IMPECCABLE TIMING of my opening and closing trades! Obviously, I don't have a crystal ball, but I aim to SELL PUTS at the bottom of the stochastics and I aim to buy them back at the top of the stochastics. It's that simple!
Learn to SELL PUT OPTIONS! It's easy, fun and PROFITABLE!!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or....
Pay for private, 1-on-1 training (contact email@example.com).