sold (to open) 2 August 2014 $166.50 puts at $1.03
probability of success: 65%
8/8/2014 (roll to Sept)
buy (to close) 2 August 2014 $166.50 puts at $2.79
sell (to open) 2 September 2014 $165 puts at $3.63
(received new credit of $0.84)
9/17/2014
buy (to close) 2 September 2014 $165 puts at $0.05
Here's all the math:
+1.03 (sell Aug put)
-2.79 (buy back Aug put)
+3.63 (sell Sept put)
-0.05 (buy back Sept put)
------------------------------
$1.82 x 2 x 100 = $364 (gross)
TOTAL NET PROFIT: $343.37
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