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
SELL PUT OPTIONS and GET PAID up front!
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