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Showing posts with label PEP Sept 2013 $80 put. Show all posts
Showing posts with label PEP Sept 2013 $80 put. Show all posts

Friday, September 13, 2013

Pepsico Put Options (PEP)

8/2/2013

Sold (to open) 2 Sept. 2013 $80 put options at $0.64

Probability of success:  76%


9/13/2013

These put options had been in-the-money since 8/21, so I decided to buy them back today and break even.  PEP was just slightly above my strike price when I closed my position this morning.

I bought back my options for $0.54.

Net gain:  $0.98  (breaking even is better than losing money)

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