Put Options Lesson 5: How to Close Profitable Puts on Exp. Friday

It's Expiration Friday! In this lesson, Lilia shows how she closed three profitable puts trades: 1) GLD short put ($127 profit) 2) RAD debit put spread ($600 profit) 3) XLI calendar spread ($49 profit) Lilia explains how she selected the strike prices and the timing of the trades. ALERT! At video counter 22:48, Lilia said, "If you're bullish...." That's a mistake. She meant to say, "If you're BEARISH..." You keep a LONG PUT open if you're BEARISH. Also, at video counter 23:06, Lilia meant to say, "If XLI goes sideways or goes back UP..." Sorry about the confusion. Lilia (options trader and educator) www.moneyandlilia.com moneyandlilia888@gmail.com Twitter: @lilialam Lilia offers 1-on-1 training upon request (not free).

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