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Friday, July 17, 2015

Spiders (SPY) Put Options

6/9/2015 (12:06:16 pm, PT)

sell  -3 July 2015  $203 puts at $2.18

Why did I place this trade?
  • stochastics in "oversold" region
  • probability of success:  68%

7/17/2015 (expiration)

SPY closed at $212.47, so puts expired "worthless"

NET PROFIT:  $649.39


Sell put options and GET PAID up front!
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