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Thursday, January 8, 2015

Spiders (SPY) January Put Options

12/12/2014 (11:30:04 am, PT) FP

sold to open 2 January 2015 $186 puts at $1.15

maintenance required:  $5371.60

 
Why did I place this trade?

  • oversold region of stochastics (see chart)
  • touching 50 EMA (possible support)


1/8/2015 (9:48:55 am, PT)

bought back both puts at $0.04

Why?  TO TAKE PROFITS!

TOTAL NET PROFIT:  $212.44 (ROC 3.95% in 4 weeks)

Success!



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