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Friday, April 10, 2015

Spiders (SPY) April Put Options

3/26/2015 (12:20:28 am, PT)

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)

Success!



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