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Tuesday, February 10, 2015

QQQ February Puts

1/15/2015 (12:56:51 pm, PT) LL

-1 February 2015 $98 put at $2.02

Why did I place this trade?
  • stochastics in "oversold" region (see chart)
  • "triple bottom" (possible support?) (see chart)
  • high implied volatility (= high premiums)
  • probability of success = 60%

2/10/2015 (12:29:37 pm, PT)

my "buy to close" limit order filled at $0.05 even though the "mid" was $0.065!
(I guess a market maker decided to take his/her $5.00 before the price dropped further!)

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

NET PROFIT:  $195.43  (ROC 1.99% in 3.5 weeks)


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