INTEL TRADER Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : INTEL TRADER

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MonsieurGonzo who wrote (4880)	12/18/1998 6:18:00 PM
From: Gersh Avery	Read Replies (1) of 11051

Steve .. Surprised me also. But then every ratchet run that has paid off has also surprised me. This is the third call run that has paid off. All options were out of the money. Conventional thinking says that out of money is a sure fired way to go broke. Any way .. Total gain on all call runs is now $39,752.50. This includes brokerage commissions of $35 for each transaction. All options purchased at ask and sold at bid. The last transaction of 192 contracts is an up in the air call. At this time I have it figured at 3. 2.75 could be argued, which would make the total gain now $34,952.50. Maximum at risk cash would have been just before close today. Total risked cash: $38,207.50 on the call runs. $19,091.25 on the current put run $57,298.75 total risk cash current put run has a limit to buy of 192 Jan 60 contracts. current standing of entire ratchet straddle: $20,661.50 cash 189 put contracts which expire in Jan free and clear. Start date: 10/21/98 It's a fluke <g> Gersh

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next