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Thursday, October 22, 2015

Spiders (SPY) Put Options

7/28/2015 (11:31:08 am, PT) 

sell  -4 September 2015  $205 puts at $2.82


Why did I place this trade?
  • stochastics in oversold region
  • 62% probability of success
 

8/24/2015 (8:23:08 am, PT)
Dow dropped 1000 points at the Opening Bell


Roll Sept 2015 $205 puts to Oct 2015  $205 puts
Net credit:  $0.70



9/18/2015 (11:22:50 am, PT)

Roll Oct 2015  $205 puts to Nov 2015  $204 puts (rolled down 1 strike)

Net credit:  $0.70



10/22/2015 (1:02:45 pm, PT)
stochastics at top

buy back all 4 Nov 2015  $204 puts at $2.50

NET PROFIT:  $650.96

Success!



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