sold (to open) 1 April 2015 $200 put at $1.38 (credit)
Why did I place this trade?
- stochastics approaching oversold region (see chart)
- 73% probability of success
4/10/2015 (6:51:27 am, PT)
buy back put option at $0.05 (debit)
NET PROFIT: $131.43 (in 2 weeks)
SELL PUT OPTIONS and GET PAID up front!
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