Ratio Put Spread (stochastics in "overbought" region)
buy +3 July 2015 $204 puts at $3.02
sell -6 July 2015 $203 puts at $2.785 (32% probability ITM)
Net credit received: $2.55 x 3 x 100 = $765
Max potential profit: $1065
7/14/2015 (12:35:53 pm, PT)
buy back 3 July 2015 $203 puts at $0.05 to remove the risk
let remaining debit put spread expire on 7/17
NET PROFIT: $736.20
Success!
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