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?
- take profits! (see chart)
NET PROFIT: $369.93 (ROC 1.887% in 3 weeks, 2 days)
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