sell -1 Feb 5, 2016 (week 1) $183 put at $1.11
Why did I place this trade?
- SPY down post-FOMC
- high implied volatility
- probability of success: 80%
1/29/2016 (11:25:18 am, PT)
buy back put at $0.18 (take profits)
PROFIT: $93 (in 2 days)
SUCCESS!
When implied volatility is high,
SELL PUTS to take advantage of inflated premiums.
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