sell -3 July 2015 $203 puts at $2.18
Why did I place this trade?
- stochastics in "oversold" region
- probability of success: 68%
7/17/2015 (expiration)
SPY closed at $212.47, so puts expired "worthless"
NET PROFIT: $649.39
Success!
Sell put options and GET PAID up front!
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