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)
SELL PUT OPTIONS and GET PAID up front!
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