sell (open) -10 Feb 26, 2016 (week 4) $119.50 calls at $0.52
Why did I place this trade?
- stochastics in "overbought" region
- 80% probability of success
2/26/2016 (7:53:12 am, PT) (Expiration Friday)
buy back all 10 calls at $0.01
Why did I place this trade?
- to remove the risk of assignment
- to protect my profits
PROFIT: $510 (in 10 days)
SUCCESS!
