sell -1 July 2015 $55 put at $0.99
7/17/2015 (10:35:38 am, PT) expiration Friday
buy back put at $0.18 to remove the risk of assignment
(XLI was trading at $54.84 with no extrinsic value remaining)
Note: XLI hit a low of $53.35 on July 8 (eek!)
NET PROFIT: $77.92
Success!
SELL PUT OPTIONS and GET PAID up front!
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