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Tuesday, December 15, 2015

Spiders (SPY) Jan Put Options

Friday 12/11/2015 (12:16:24 pm, PT)

sold -3 January 2016  $194 puts for $2.95

Why did I place this trade?
  • stochastics in oversold condition
  • 70% probability of success
















Tuesday 12/15/2015 (11:03:43 am, PT)

buy back all 3 puts for $1.55

Why did I close my trade?
  • take profits!
  • FOMC meeting on 12/16/2015

GROSS PROFIT:  $420 (in 3 trading days!!)

Success!



 
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