+4 July 2014 $193 puts at $1.42
-8 July 2014 $192 puts at $1.17
Net credit: $0.92 or ($0.92) (4) (100) = $368 cash received (gross)
7/16/2014 (3 days before exp)
buy (to close) July $192 puts at $0.03
TOTAL NET PROFIT: $338.62
LESSONS:
- on 6/24/2014, the July $192 puts had a 33% chance of expiring ITM
- I closed the July $192 puts on 7/16 to remove the risk from my portfolio
- if SPY closes below $192 on Friday, 7/18/2014, I will make another $400 on this trade
----------------------------------------
Learn to trade PUT OPTIONS. It's easy, fun and profitable!
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or.....
Pay for customized, 1-on-1 training (moneyandlilia888@gmail.com)
