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Wednesday, July 16, 2014

SPY July Put Options

6/24/2014 (FP)

sold (to open) 2 July 2014 $191 puts at $0.73

probability of success:  70%


7/16/2014 (3 days before exp)

buy (to close) both options at $0.03

NET PROFIT:  $130.44

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