sell -10 April 2016 $111 calls at $0.61 (bearish strategy)
Why did I place this trade?
- stochastics in overbought region
- buying momentum is decreasing
- strong "up" day ( = higher call premiums)
- 70% probability of success
4/7/2016 (11:08:55 am, PT)
buy back all 10 calls at $0.26
PROFIT: $350 (in ONE day!!)
SUCCESS!
