sold (to open) 1 February 2015 $74 put at $1.97
Why did I place this trade?
- "oversold" condition in stochastics (see chart)
- probability of success: 60%
2/3/2015 (10:25:02 am, PT)
bought (to close) put option at $0.36
Why did I close this position?
- "overbought" condition in stochastics (see chart)
- broke above 50 EMA (possible resistance?)
- TAKE PROFITS!
NET PROFIT: $157.93 Success!
Learn to SELL PUT OPTIONS. It's easy, fun and profitable.
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