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Friday, May 24, 2013

Spiders $165 Put Option

5/20/2013 (Monday)

Sell 4 May 24, 2013 $165 put options @ $0.44

Probability of expiring ITM:  27%


5/24/2013 (exp. Friday)

SPY closed at $165.308 (that was close!)

Net gain:  $164.97  (in 5 days)

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