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Wednesday, June 17, 2015

SPDR Industrials ETF (XLI) Put Options

4/14/2015 (11:10:31 am, PT)  stoch top

sell (to open) 3 June 2015  $55 puts at $1.04

Probability of success:  61%


6/17/2015 (10:37:45 am, PT)

buy (to close) all 3 puts at $0.31 *

* The put prices were overinflated because the FOMC was scheduled to make an announcement at 11 am that day.  I was aware that I was overpaying to buy back my short puts, but I wanted to play it safe and take my profits.

Additionally, XLI was trading around $55.36 at the time (too close for comfort).

NET GAIN:  $200.31
Success!




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