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Wednesday, February 18, 2015

SPY Feb Put Options

1/9/2015 (11:21:43 am, PT)

-1 February 2015 $201 put at $3.10

Why did I place this trade?
  • stochastics in oversold region (see chart)
  • probability of success:  60%

2/18/2015 (11:42:21 am, PT)

buy to close put at $0.03

Why did I close my position?
  • stochastics in overbought region (see chart)
  • three days left until expiration (anything can happen)

NET PROFIT:  $299.18                               

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