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Friday, June 20, 2014

SPY Put Options

5/14/2014 (RD)

sold (to open) 2 June 2014 $187 puts at $2.03
(received $406 cash)

probability of success:  62%

6/20/2014 (expiration)

SPY closed at $195.94.  Perfect!

NET PROFIT:  $396.49


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