sell -1 June 15, 2018 $70 put at $0.73
- stochastics: oversold
- 52-week low: $71.92
- probability ITM at exp: 32.27%
- max profit: $0.73 x 1 x 100 = $73
Mon. 5/21/2018 (12:45:13 pm, PT)
buy back put at $0.16
PROFIT: $57
Comments:
I originally intended to own PG stock at $70/share (i.e., I was OK with assignment), which is the reason I chose the strike price of $70. After 21 days, however, I was able to close my option trade at a profit, so I changed my mind about the possibility of getting assigned at $70.
