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Thursday, October 23, 2014

SPY Nov Put Options

10/7/2014 (11:29:29 am, PT)

sold (to open) 10 Nov 2014 $183 put options at $1.28

probability of success:  80%
  • Why initiate this trade?  See chart ("bottom" of stochastics)

10/23/2014 (10 am, PT)

buy (to close) all 10 Nov puts at $0.71

  • Why close this trade?  TAKE PROFITS!  See chart ("top" of stochastics)

NET PROFIT:  $547.49 (in 16 days)


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