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Thursday, April 7, 2016

Russell 2000 ETF (IWM) Call Options

4/6/2016 (8:44:34 am, PT)

sell -10 April 2016  $111 calls at $0.61 (bearish strategy)

Why did I place this trade?
  • stochastics in overbought region
  • buying momentum is decreasing
  • strong "up" day ( = higher call premiums)
  • 70% probability of success


4/7/2016 (11:08:55 am, PT)

buy back all 10 calls at $0.26

PROFIT:  $350 (in ONE day!!)


SUCCESS!