sold -10 Aug 26 2016 $214.50 puts at $0.44
credit received: $440
Why did I place this trade?
- FOMC released its minutes at 11 am
- 9 days 'til expiration (DTE)
Fri. 8/19/2016 (1:02:25 pm, PT)
bought back puts at $.20 (50% of max credit)
PROFIT: $240 (in 3 days)
SUCCESS!
