TRADE IDEA: DDD OCT 21ST 14 NAKED SHORT PUT

Updated

Looking to either (a) keep the premium; (b) get put the stock cheaper, after which I'll proceed to sell calls against ... .

Metrics:

Probability of Profit: 75%
P50: 84%
Max Profit: 59/contract
Break Even: 13.41

Comment

Filled for a .59 ($59)/contract credit. I did this at open, so the position lost some ground thereafter ... .

Trade closed manually

Covering here for a .30 ($30)/contract debit. In for $59; out for $30; net profit 27/contract after fees/commissions. I'm just looking to clean some stuff up before the month end, because I'm slated for jury duty for all of October ... . Ugh.

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