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Wednesday, October 5, 2016

SPY Put Options

Fri. 9/16/2016 (10:49:42 am, PT)

sell -2  Oct 21, 2016  $207 puts at $2.11

Why did I place this trade?
  • stochastics in oversold region
  • 69% probability of success

Wed. 10/5/2016 (11:40:53 am, PT)

buy back puts at $0.34

PROFIT:  $354


SUCCESS!