sell (to open) 2 April 2014 $118 puts at $2.36
IWM was trading between $119.47 and $119.96 on 3/5/2014.
IWM dropped after I sold (to open) my puts, so I had to roll them FIVE times! I was finally able to close the position on 11/7/2014 with a $769.58 profit on 11/7/2014.
The lesson:
Selling (to open) put options gave me a profit of $769.58. If I had bought 200 shares of IWM instead on 3/5/2014, I would still be sitting on a loss of approximately $600 on 11/7/2014. Selling put options is better than buying long a stock/ETF.
Learn to SELL PUT OPTIONS! It's easy, fun and profitable.
Learn on your own for FREE at www.youtube.com/user/moneyandlilia or
Pay for 1-on-1 training. Details at www.moneyandlilia.com.
