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Friday, July 29, 2016

Energy ETF (XLE) Put Options

Thursday, 7/28/2016 (9:37:05 am, PT)  RD

sell (to open) -2 Sept 2016  $64 puts at $1.23

Why did I place this trade?
  • stochastics in oversold region
  • 65% probability of success

Friday, 7/29/2016 (12:11:17 pm, PT)

buy back both puts at $0.92

Why did I close my position?
  • take profits
  • I changed my mind about the trade

NET PROFIT:  $55.89 (in ONE DAY)

Success!