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Wednesday, June 17, 2015

Spiders (SPY) June Put Options

5/7/2015 (12:56:12 pm, PT) RD   low stoch

sell (to open) 2 June 2015  $202 puts at $2.26

probability of success:  70%


6/17/2015 (10:20:47 am, PT)

buy to close all puts at $0.11 *

* 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.

GROSS PROFIT:  $430

Success!

 

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