sell -1 Jan 29, 2016 (week 5) $67.50 put at $1.05
Why did I place this trade?
- earnings announcement after market close today
- expected move: $4.00
- probability of success: 65%
1/29/2016 (6:39:12 am, PT)
buy back put at $0.04
PROFIT: $101 (in 1 day)
SUCCESS!
It's EARNINGS SEASON!
SELL PUTS (and/or calls) to take advantage of inflated premiums.
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