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Thursday, October 22, 2015

Spiders (SPY) Jade Lizard (options)

7/21/2015 (11:58:50 am, PT)  RD
stochastics top

+7 Aug 28, 2015  $217 calls at $0.67  (18% prob ITM)
-7 Aug 28, 2015  $216 calls at $0.95  (23% prob ITM)
-7 Aug 28, 2015  $204 puts at $1.18  (23% prob ITM)

Net credit:  $1.46



8/12/2015 (6:30:02 am, PT)
stochastics bottom

buy back all 7 of the $216 short calls at $0.05



8/24/2015 (7:09:04 am, PT)
The Dow dropped 1000 points at the Opening Bell


 
Roll to Nov 2015  $204 puts 

Net credit:  $3.89 (nice!)



8/28/2015 (expiration)

The Aug 28, 2015  $217 long calls expired "worthless"



10/22/2015 (10:40:11 am, PT)

buy back all 7 Nov $204 puts at $2.64

GROSS PROFIT:  $1862


Success!



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