sell -4 September 2015 $205 puts at $2.82
Why did I place this trade?
- stochastics in oversold region
- 62% probability of success
8/24/2015 (8:23:08 am, PT)
Dow dropped 1000 points at the Opening Bell
Roll Sept 2015 $205 puts to Oct 2015 $205 puts
Net credit: $0.70
9/18/2015 (11:22:50 am, PT)
Roll Oct 2015 $205 puts to Nov 2015 $204 puts (rolled down 1 strike)
Net credit: $0.70
10/22/2015 (1:02:45 pm, PT)
stochastics at top
buy back all 4 Nov 2015 $204 puts at $2.50
NET PROFIT: $650.96
Success!
Learn to SELL PUT OPTIONS.
If your trade goes against you, you can make adjustments so you'll be profitable in the end.
If your trade goes against you, you can make adjustments so you'll be profitable in the end.
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