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Thursday, January 8, 2015

Spiders (SPY) January Put Options

12/16/2014 (12:42:59 pm, PT) LL

sold to open 1 January 2015 $196 put at $3.87

Why did I place this trade?
  • oversold region of stochastics (see chart)
  • high implied volatility because of FOMC announcement on 12/17
  • probability of success:  58%

1/8/2015 (1:04:28 pm, PT)

bought back put option at $0.14

Why did I close this trade?

NET PROFIT:  $369.93  (ROC 1.887% in 3 weeks, 2 days)


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