sell to open 10 Feb 14 2014 $47.50 put options at $0.13
Reasons for placing this trade:
- earnings announcement on 2/12 after the closing bell
- probability of success: 93.5%
- expected move: $4.00
2/13/2014 (Thu)
buy back all 10 puts at $0.01
NET PROFIT: $102.02 (in ONE day)
The great thing about SELLING put options is that I made $$$ even though the stock DROPPED on 2/13!
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Learn to SELL put options! Get PAID for "time."
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