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Wednesday, July 19, 2017

Procter Gamble (PG) Put Options

Thursday, 7/6/2017 (12:30 pm, PT) RD

sold short -1 August 18, 2017  $85 put at $0.95 ($95 credit)

Why did I place this trade?
  • 68% probability of success
  • stochastics in "oversold" region
  • 43 days 'til expiration (DTE)


Wednesday, 7/19/2017 (9:48 pm, PT)

bought back put option at $0.44 ($44 debit)

PROFIT:  $51


SUCCESS!





To learn more about SELLING PUT OPTIONS, watch