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Monday, July 13, 2015

SPY Credit Put Spread

5/20/2015 (12:15:17 pm, PT)  stochastics top

sell  -10 July 2015  $195 puts at $0.82  (12% probability ITM)
buy  +10 July 2015  $185 puts at $0.36 (5.43% probability ITM)

Net credit:  $460


7/13/2015 (6:30:02 am, PT)

  • buy to close the July $195 puts at $0.03 to remove the risk
  • let the July $185 puts expire on 7/17/2015

NET PROFIT:  $399.16


Success!



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