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Tuesday, April 26, 2016

Costco (COST) May Put Options

Friday, 4/22/2016 (11:33:10 am, PT)

sell -4 May 2016  $144 puts at $1.13

Why did I place this trade?
  • stochastics in oversold region
  • 75% probability of success

Tuesday, 4/26/2016 (8:26:57 am, PT)

buy back all puts at $0.50

Why did I place this trade?
  • I've collected more than 50% of the max in just 3 trading days
  • take profits!

PROFIT:  $252


SUCCESS!