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Friday, October 23, 2015

Spiders (SPY) Put Options

7/21/2015 (11:49:44 am, PT)  RD

sell  -3 Sept 2015  $205 puts at $2.37

probability of success:  68%



8/24/2015 (8:51:01 am, PT)

The Dow dropped 1000 points this morning.



roll Sept 2015  $205 puts to Nov 2015  $205 puts
net credit:  $1.75



10/23/2015 (12:00:13 pm, PT)

buy back all 3 Nov 2015  $205 puts at $1.98

GROSS PROFIT:  $642

Success!



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