Short Put on SPY 75% probability of profit Long

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Dec 6, 2018 7:56 PM

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

⋅ Dec 6, 2018 7:57 PM

Target:

Will look to close if we get 50% of the credit received, or $200.

Comment

⋅ Dec 7, 2018 3:50 PM

Here is a video description of this trade and how to make similar trades.

youtube.com/watch?v=WSDskosGQlk

Trade closed manually

⋅ Dec 12, 2018 4:58 PM

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.

Comments

quql

⋅ Dec 6, 2018 9:06 PM

never understand this things, but , it sounds great !
:)

AlexanderGotay

⋅ Dec 6, 2018 9:08 PM

@quql, I will make a video to explain it. Stay tuned!