sold (open) -10 Feb 2016 $123 puts at $0.35
Why did I place this trade?
- stochastics in oversold region
- TSLA just reported earnings (so no more surprises)
- implied volatility still high (so high premiums)
- 3-day weekend (so 3 days of theta time decay ... I LOVE 3-day weekends)
- 94% probability of success (high)
Tuesday 2/16/2016 (12:32:19 pm, PT)
buy back all 10 puts at $0.03
Comment:
This is absolutely amazing. My trade filled at $0.03 even though the "mid" price was $0.14.
I figured the market makers must have wanted to make $30 instead of nothing. Good for them for taking my bid!
PROFIT: $320 (in TWO trading days!)
SUCCESS!
SELL PUT OPTIONS when the IV is inflated.
Learn on your own for FREE by watching MY YOUTUBE VIDEOS HERE or
PAY for private training (details HERE).
