sell -10 August 2015 $180 puts at $0.83 (10.27% prob ITM)
buy +10 August 2015 $170 puts at $0.43 (5.50% prob ITM)
Why did I place this trade?
- stochastics in oversold region
- high implied volatility
- max profit: $400
7/30/2015 (11:42:20 am, PT)
buy to close all 10 of the $180 puts at $0.05
sell to close all 10 of the $170 puts at $0.02
NET PROFIT: $323.87
Success!
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