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Showing posts with label SPY May 2014 $186 puts. Show all posts
Showing posts with label SPY May 2014 $186 puts. Show all posts

Wednesday, May 14, 2014

SPY May Put Options

3/11/2014 (RD)

sold (to open) 2 April 2014 $186 puts at $2.73
(received $546)

probability of success:  55%


4/11/2014 (Fri)  Rolled to May

bought (to close) 2 April 2014 $186 puts
sold (to open) 2 May 2014 $186 puts
New credit:  $1.24 (received $248)


5/14/2014 (Wed)

bought (to close) both May puts at $0.04 ($8.00 debit)


NET PROFIT:   $765.36  (2.057% return in 2 months)

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Selling put options is better than buying the underlying.

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