Completed Trade : FAS bull put spread

Stock / Symbol: Direxion Daily Financial Bull 3x / FAS

Option Strategy: bull put spread
Trade entry date: Dec 13
Trade exit date: Dec 16
Price at trade entry: $59.81
Price at trade exit: $58.98

Reasoning:  This trade had an 85% probability of success as it just needed FAS to remain over $53 by today's market close. We allowed the position to expire worthless today for the full 11% yield in 3 days.

Trade Details:[private_monthly]
short -10 FAS Dec11 53 puts
long 10 FAS Dec11 52 puts
for a net credit of $0.10 per contract

Max Risk: $900
Max Reward: $100 or 11% by Dec 16
Profit Range: $53 +
Realized Profit / Loss: $100 or 11% (pre-commission)

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