sell -1 Apr 1, 2016 (week 1) $111 put at $1.14 (credit)
Why did I place this trade?
- stochastics in oversold region (see chart HERE)
- high implied volatility
- 70% probability of success
Wed. 3/30/2016 (10:45:41 am, PT)
buy back put at $0.43 (debit)
Why did I place this trade?
- On 3/29/2016, LNKD was downgraded
- On 3/30/2016, LNKD miraculously jumped over $3.00, so I closed my position to take PROFITS
SUCCESS!
