sell (to open) 1 April 2015 $101 put at $1.06 (credit)
Why did I place this trade?
- 72% probability of success
- stochastics in oversold region (see chart)
- price touching 50 EMA (possible support) (see chart)
4/9/2015 (12:53:11 pm, PT)
buy (to close) my put at $0.03 (debit)
Why did I close my position?
NET PROFIT: $95.18
SELL PUT OPTIONS and GET PAID up front!
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