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Tuesday, February 23, 2016

SPY March Call Options

Thursday, 2/18/2016 (9:26:03 am, PT) RD

sold -2 March 2016  $199 calls at $1.19

Why did I place this trade?
  • stochastics in overbought region
  • 78% probability of success


Tuesday, 2/23/2016 (9:19:15 am, PT)

bought back both calls at $0.88

Why did I close my position so soon?
  • To take profits

PROFIT:  $62


SUCCESS!