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Thursday, April 9, 2015

QQQ April Put Options

3/13/2015 (10:27:41 am, PT)

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?
TAKE PROFITS!

NET PROFIT:  $95.18

Success!




SELL PUT OPTIONS and GET PAID up front!
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