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Showing posts with label SPY Oct 2013 ratio put spread. Show all posts
Showing posts with label SPY Oct 2013 ratio put spread. Show all posts

Wednesday, September 18, 2013

Spiders (SPY) Oct Ratio Put Spread

8/19/2013

buy 4 Oct 2013 $158 put options at $1.87
sell 8 Oct 2013 $157 put options at $1.67

I got paid $578.67 immediately.


9/18/2013

closed the entire position right after the Fed's announcement


Net profit:  $457.36 (in one month)

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Ratio spreads have the highest probability of success.

Learn to trade options.  I offer one-on-one training (online) so you can start anytime and learn at your desired pace.

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