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Wednesday, June 17, 2015

Spiders (SPY) June Put Options

5/19/2015 (12:25:31 pm, PT)  stoch top

sell (to open) 10 June 2015  $204.50 puts at $1.05

probability of success:  80%


6/17/2015 (10:34:30 am, PT)  

buy (to close) all 10 puts at $0.28 *

* The put prices were inflated 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.

NET GAIN:  $754.42
Success!




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