sold -1 July 29, 2016 $110 put at $1.20
Why did I place this trade?
- earnings announcement at 1 pm (PT)
- "expected move" = up or down $8.82 (EXPE closed at $119.27 right before the earnings announcement)
Fri. 7/29/2016 (10:43:19 am, PT) (expiration)
bought back put at $0.02 to remove the risk
NET PROFIT: $116.44 (in ONE DAY)
Success!
