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Tuesday, February 3, 2015

Energy ETF (XLE) Put Options

1/9/2015 (11:30:27 am, PT) LL

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?)

NET PROFIT:  $157.93             Success!

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