Follow me on Twitter!

Follow me on Twitter!

Friday, February 6, 2015

IWM February Put Options

1/20/2015 (12:20:58 pm, PT) LL

-2 February 2015 $115 puts at $2.36 (credit)

Why did I place this trade?
  • price approaching 200 EMA (possible support?) (see chart)
  • stochastics in "oversold" region (see chart)
  • high implied volatility (= high premiums)
  • probability of success:  56%


2/6/2015 (9:56:20 am, PT)

buy (to close) both puts at $0.39 (debit)

Why did I close this trade?
  • price at top of range (see chart)
  • stochastics in "overbought" region (see chart)
  • TAKE PROFITS!!

NET PROFIT:  $387.88  (ROC 1.686% in 17 days)  

Success!



SELL PUT OPTIONS and GET PAID immediately!
Learn on your own for FREE (YouTube) or
Pay for 1-on-1 training (details here).