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Tuesday, February 16, 2016

Spiders (SPY) Feb Put Options

1/12/2016 (10:33:26 am, PT)

sell (open)  -2 Feb 2016  $174 puts at $1.05

Why did I place this trade?

  • stochastics in oversold region
  • high implied volatility
  • 86% probability of success


2/16/2016 (12:19:54 pm, PT)

buy back both puts at $0.03

PROFIT:  $204


SUCCESS!





SELL PUT OPTIONS when the IV is inflated.
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