For my friend's mother ....
sold -10 August 2016 $180 puts at $1.05
Why did I place this trade?
- stochastics in oversold region
- FOMC announcement at 11 am (SPY initially rose, then dropped)
- 89% probability of success
6/29/2016 (9:08:53 am, PT)
buy back all 10 puts at $0.50
NET PROFIT: $519.46 (in 2 weeks)
SUCCESS!
