For my friend ...
sold -4 July 2016 $201 puts at $2.08
Why did I place this trade?
- stochastics in oversold region
- FOMC announcement at 11 am (SPY rose initially, then dropped)
- 70% probability of success
6/29/2016 (9:30:40 am, PT)
bought back all 4 puts at $0.95
NET PROFIT: $439.78
SUCCESS!
