sold -2 Feb 12, 2016 (wk 2) $105 puts at $1.05
Why did I place this trade?
- TSLA was announcing earnings after the Closing Bell
- the "expected move" was plus or minus $22.51
- TSLA was trading around $143.67 when I placed the trade
- probability of success: 90%
2/11/2016 (10:43:20 am, PT) .... ONE day later
buy back both puts at $0.02
PROFIT: $206 (in ONE day!!!!)
SUCCESS!
SELL PUTS and/or CALLS right before earnings announcements when the IV is high and premiums are inflated.
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