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Wednesday, November 18, 2015

Spiders (SPY) Dec Put Options

11/17/2015 (12:21:26 pm, PT)  FP

sold -5 December 2015  $190 puts for $1.02

Why did I place this trade?
  • stochastics in oversold region
  • probability of success = 85%

11/18/2015 (1:10:40 pm, PT)

bought back all 5 puts for $0.51

Why did I close my position?
  • I made 50% of the maximum profit in ONE DAY
  • take profits!



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