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Tuesday, November 24, 2015

Spiders (SPY) Dec Put Options

11/17/2015 (11:20:11 am, PT)

sold -3 December 2015  $199 puts for $2.06

Why did I place this trade?
  • stochastics in oversold region
  • probability of success = 70%
  • nice premium


11/24/2015 (10:27:07 am, PT)

bought back all 3 puts for $0.84

Why did I place this trade?
  • stochastics in overbought region
  • take PROFITS!

GROSS PROFIT:  $366 (in 7 calendar days)

Success!



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