sell -2 January 29, 2016 (week 5) $88 puts at $0.66
Why did I place this trade?
- Earnings announcement after market close today
- Expected move: $4.87
- Probability of success: 81%
1/28/2016 (6:30:22 am, PT)
buy back both puts at $0.01
PROFIT: $130 (in 1 day)
It's EARNINGS SEASON!
SELL PUTS (and/or calls) to take advantage of inflated premiums.
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