Spiders (SPY) Put Options

Wed. 1/25/2017 (7:53:20 am, PT)

sell short  − 10 Feb 10, 2017  $225 puts at $0.55

• credit received:  $550
• probability of success:  80%

Fri. 2/3/2017 (11:48:45 am, PT)

buy to close puts at $0.15

PROFIT:  $400

SUCCESS!