Spiders (SPY) Put Options

Wed. 12/28/2016 (9:54:45 am, PT)

sell short  −1 Jan 27, 2017  $222 put at $1.84

probability of success:  62.52%


Fri. 1/5/2017 (11:14:05 am, PT)

buy back put at $0.88

PROFIT:  $96

SUCCESS!