sell (to open) 10 June 2015 $204.50 puts at $1.05
probability of success: 80%
6/17/2015 (10:34:30 am, PT)
buy (to close) all 10 puts at $0.28 *
* The put prices were inflated because the FOMC was scheduled to make an announcement at 11 am that day. I was aware that I was overpaying to buy back my short puts, but I wanted to play it safe and take my profits.
NET GAIN: $754.42
Success!
SELL PUT OPTIONS and GET PAID up front!
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