sold -1 Sept 2016 $30 put at $0.79
credit received: $79
Why did I place this trade?
- stochastics in oversold region
- 42 days 'til expiration (DTE)
- 54% probability of success
Wednesday, 8/24/2016 (9:20:08 am, PT)
bought back puts at $0.26
PROFIT: $53
SUCCESS!
