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Wednesday, October 5, 2016

SPY Put Options

Wed. 9/28/2016 (8:02:18 am, PT)

sell (to open) -10 Oct 7, 2016  $211 puts at $0.61

Why did I place this trade?
  • 78% probability of success
  • 9 days 'til expiration


Fri. 9/30/2016 (9:40 am, PT)

buy back all puts at $0.23

PROFIT:  $380 (in TWO days!)

SUCCESS!