sold -2 April 24, 2017 2280 puts at $2.55
- credit received: $510
- probability of success: 90% (very, very high)
Comment: The put premiums were EXTREMELY high on 4/21 due to the elevated "implied volatility." Normally, a ONE-DAY option with a 90% probability of expiring OTM would not be trading at $2.55! It was amazing!
So ... the next time you see an opportunity like this, jump in and SELL some OTM put options!
"How do I sell OTM put options?" you might ask.
Watch my FREE videos HERE!
Monday, 4/24/2017 (6:39:29 am, PT)
bought back puts at $0.05
Comment: Even though 4/24 was Expiration Monday, I chose to buy back my short puts at 5 cents just to be safe.
PROFIT: $500 (in 2 trading days)