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Friday, June 20, 2014

SPY Put Options

5/14/2014 (FP)


sold (to open) 1 June 2014 $187 put at $2.06
(received $206 cash)

probability of success:  62%


6/20/2014 (expiration)

SPY closed at $195.94.  Perfect!

NET PROFIT:  $197.26

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