Follow me on Twitter!

Follow me on Twitter!

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!



Learn to SELL PUT OPTIONS and GET PAID up front!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or
Pay for 1-on-1 training (details here).