SPY Put Options

Wed. 9/14/2016 (12:23:27 pm, PT)

sell (to open) -1 Oct 21, 2016  $208 put at $2.96

Why did I place this trade?

• stochastics in oversold region
• 64% probability of success
• 37 days 'til expiration

Wed. 10/5/2016 (8:45:09 am, PT)

buy back put at $0.44

PROFIT:  $252

SUCCESS!