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Friday, April 10, 2015

Spiders (SPY) April/June Put Options

3/27/2015 (9:00:24 am, PT)

sell (to open) 10 April 2015  $197 puts at $0.75 (credit)
83% probability of success


4/8/2015 (9:44:29 am, PT)
I ROLLED my April puts to June because I WANTED to, not because I had to

buy (to close) 10 April 2015  $197 puts at $0.07 (debit)
sell (to open) 10 June 2015  $199 puts at $2.84 (credit) (70% probability of success)
net credit:  $2.77


4/10/2015 (9:47:28 am, PT)

buy (to close) all 10 June 2015  $199 puts at $2.10 (debit)

NET PROFIT:  $1367.87  (in TWO weeks!!)

Success!!




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