sell -5 Oct 19, 2018 $165 puts at $1.16
Why did I place this trade?
- it's a "down" day
- stochastics in oversold region
- 29 days 'til expiration
- 26 delta
Thursday, 9/20/2018 (11:10:31 am, PT)
buy back all 5 puts at $0.71
Why did I place this trade?
- take profits (37% of max profit in ONE day)
- remove the risk (of assignment)
- free up the capital
PROFIT: $225 (in ONE day)
Comments:
Don't be afraid to sell put options on a "down" day (especially if the stochastics are in the oversold region).
Buy back your short puts quickly when there's a big "up" day.
FREE LESSONS HERE! LEARN TO SELL PUT OPTIONS!
