For my friend .....
sold -4 July 2016 $202 puts at $2.12
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 (9:31:51 am, PT)
buy back all 4 puts at $1.15
Why did I close this trade?
- take profits!
NET PROFIT: $375.77
SUCCESS!
