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Thursday, April 9, 2015

Spiders (SPY) April Put Options

3/13/2015 (12:20:26 pm, PT) RD

sell (to open) 2 April 2015  $194 puts at $1.19 (credit)

Why did I place this trade?
  • stochastics in oversold region
  • 81% probability of success


4/9/2015 (10:14:09 am, PT)

buy (to close) both puts at $0.03 (debit)

Why did I close my position?
TAKE PROFITS!

NET PROFIT:  $222.43

Success!



SELL PUT OPTIONS and GET PAID up front!
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