AlexanderGotay
Long

Short Put on SPY 75% probability of profit

AMEX:SPY   SPDR S&P 500
After a Gap down, Sold the 254 put for $4 for a 75% probability of profit.

We make money as long as the price stays above 250. It needs to move another 6% down for us to start losing money.
Comment: Target:

Will look to close if we get 50% of the credit received, or $200.
Comment: Here is a video description of this trade and how to make similar trades.

https://www.youtube.com/watch?v=WSDskosG...
Trade closed manually: Closed for a $155 profit (original target was $200), but That is over 38% of the credit received and 77% of my original target in 3 trading days which was pretty fast and above average in terms of premium per day for this trade. So decided to take profit.
Just started my Youtube Channel Check it out: https://www.youtube.com/channel/UCyhYJiT9NLNzJYjqbl9GA2A
never understand this things, but , it sounds great !
:)
Reply
@quql, I will make a video to explain it. Stay tuned!
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out