Fri. 12/23/2016 (10:02:30 am, PT)
sell short −4 Jan 27, 2017 $222 puts at $1.69
buy long +4 April 21, 2017 $140 puts at $0.07 (cheap "wings")
probability of success: 65%
buying power effect: ($32,800)
Fri. 1/6/2017 (6:30:10 am, PT)
buy back only the short puts at $0.75
leave open the long puts so I can use them again for the next set of short puts
PROFIT: $376 (in 2 weeks)
SUCCESS!
Wed. 12/21/2016 (10:30:57 am, PT) RD
sell short −2 Jan 25, 2017 $222 puts at $1.42
probability of success: 69%
Fri. 1/6/2017 (6:30:02 am, PT)
buy back puts at $0.65
PROFIT: $154
SUCCESS!
Fri. 12/16/2016 (11:45:42 am, PT)
sell short −2 Jan 20, 2017 $222 puts at $1.81
Thu. 1/5/2017 (10:19:11 am, PT)
buy back puts at $0.58
PROFIT: $246
SUCCESS!
Wed. 12/28/2016 (9:54:45 am, PT)
sell short −1 Jan 27, 2017 $222 put at $1.84
probability of success: 62.52%
Fri. 1/5/2017 (11:14:05 am, PT)
buy back put at $0.88
PROFIT: $96
SUCCESS!
Thu. 12/22/2016 (12:32:31 pm, PT)
sell short −1 Jan 20, 2017 $222 put at $1.39
probability of success: 67%
Thu. 1/5/2017 (10:22:32 am, PT)
buy back put at $0.58
PROFIT: $81
SUCCESS!
Wed. 12/21/2016 (9:57:26 am, PT) RD
sell −2 Jan 25, 2017 $220 puts at $1.05 (credit)
buy +2 Apr 21, 2017 $130 puts at $0.08 (debit) *
- probability of success: 76%
- 35 days 'til expiration (DTE)
- buying power effect: ($18,000)
* the long puts are my cheap "wings" to decrease capital requirements
Thu. 1/5/2017 (7:27:53 am, PT) (20 DTE)
- buy back short puts only at $0.48 (debit)
- leave open long puts to be used again for the next set of short puts
NET PROFIT: $114 (in 2 weeks)
SUCCESS!
