sell (to open) 10 September 2014 $178 puts at $0.57
probability of success: almost 90%
Why place this trade? SPY has been "oversold" and now it's on its way back up (see chart).
9/19/2014 (expiration)
SPY closed at $200.70, so my puts expired perfectly!
TOTAL NET PROFIT: $562.24
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