For SPY, it closed green consecutively for the following 6 days: 4/14/14, 4/15/14, 4/16/14, 4/17/14, 4/21/14, and 4/22/14. 4/18/14 was Good Friday on which market was closed.
(1/2)^6 = 1/64 = 1.563%
SPY closed red on 4/23/14. It seems worthy betting PUT on the high point on 4/22/14 (the 6th green day), I actually did and made some profits on 4/23/14. |