sell to open -3 Aug 2016 $123 puts at $1.14667 (31% prob ITM)
buy to open +1 Aug 2016 $120 put at $0.48
- net credit received: $2.96 (or $296)
Why did I place this trade?
- stochastics in oversold region
- 69% probability of success
- long put is "insurance"
Fri. 7/29/2016 (12:04:39 pm, PT)
buy to close the 3 short puts at $0.18
sell to close the 1 long put at $0.06
- net debit spent: $0.48 (or $48)
PROFIT: $248 (in 9 days)
Success!
