SPY Put Options

Tue 10/4/2016 (11:26 am, PT) FP

sell (to open) -10 Oct 14, 2016  $209.50 puts at $0.61

Why did I place this trade?

• big "down" day
• 80% probability of success
• 10 days 'til expiration (DTE)

Wed. 10/5/2016 (10:50 am, PT)

buy back all puts at $0.25

PROFIT:  $360 (in ONE day!!)

SUCCESS!