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Friday, July 31, 2015

Spiders (SPY) August Put Options

7/2/2015 RD

sell  -1 August 2015  $191 put at $1.26

Why did I place this trade?
  • stochastics in "oversold" region
  • high implied volatility
  • 83% probability of success

7/31/2015

buy back put option at $0.10

NET PROFIT:  $113

Success!



Sell put options and get paid up front.
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