Follow me on Twitter!

Follow me on Twitter!

Thursday, April 23, 2015

Spiders (SPY) May Put Options

4/1/2015 (12:06:02 pm, PT)

sell (to open) 2 May 2015  $202 puts at $3.03

Why did I place this trade?
  • stochastics in oversold region (see chart)
  • 60% probability of success

4/23/2015 (11:21:19 am, PT)

buy back both puts at $0.41

Why did I close my position?
  • stochastics in overbought region (see chart)
  • SPY at new all-time high
  • TAKE PROFITS!

NET PROFIT:  $517.86 (in 3 weeks)

Success!



SELL PUT OPTIONS and GET PAID up front!
Learn on your own for FREE by watching MY VIDEOS or
Pay for 1-on-1 training (details here).