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Friday, May 6, 2016

Consumer Discretionary ETF (XLY) Call Options

Friday, 4/29/2016 (11:20:39 am, PT)

sold -10 May 20, 2016  $79.50 calls at $0.83

Why did I place this trade?
  • stochastics in overbought region
  • 60% probability of success

Friday, 5/6/2016 (7:37:01 am, PT)

buy back all 10 calls at $0.50

Why did I place this trade?
  • stochastics near oversold region
  • I was aiming for a $330 profit

PROFIT:  $330 (in 1 week)

SUCCESS!


Note:  Walt Disney Company (DIS) is one of the holdings in XLY