-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?
NET PROFIT: $387.88 (ROC 1.686% in 17 days)
SELL PUT OPTIONS and GET PAID immediately!
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