sell -2 Feb 2016 $186 puts at $2.92
Why did I place this trade?
- stochastics in oversold region
- high implied volatility
- probability of success: 70%
1/29/2016 (9:39:56 am, PT)
buy back both puts at $1.41
Why? To take profits.
PROFIT: $300 (in 3 weeks)
SUCCESS!
Implied volatility is high!
SELL PUTS to take advantage of inflated premiums.
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