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Showing posts with label
SPY Oct 14 2016 $209.50 puts
.
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Showing posts with label
SPY Oct 14 2016 $209.50 puts
.
Show all posts
Wednesday, October 5, 2016
SPY Put Options
Tue 10/4/2016
(11:26 am, PT)
FP
sell (to open) -10 Oct 14, 2016 $209.50 puts at $0.61
Why did I place this trade?
big "down" day
80% probability of success
10 days 'til expiration (DTE)
Wed. 10/5/2016
(10:50 am, PT)
buy back all puts at $0.25
PROFIT: $360
(in ONE day!!)
SUCCESS!
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