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Friday, July 18, 2014

SPY July Put Options

6/10/2014

sell (to open) 10 July 2014 $185 puts at $0.50

(received $500 cash)

probability of success:  88.63%


7/18/2014 (exp)

SPY closed above $185.  Success!  Let puts expire.

NET PROFIT:  $492.24

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