Play It On Paper- Clappy's Newbie Option Thread Message Board

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Pastimes : Play It On Paper- Clappy's Newbie Option Thread

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To: Clappy who wrote (77)	7/27/2000 6:10:51 PM
From: Clappy	Read Replies (2) of 176

TRADE I sold the 9 RMBS 60s Puts (Ticker:BYQTL) Contracts for 4 1/2 for a total of $4,050. My original investment into these contracts was yesterday for $2,362.50. The profit on this trade was $1,687.50 Now for some more accounting... I started with an account balance of $10,000 on last Friday. I now hold the following contracts: RMBS AUG 50s Puts - 26 contracts for an estimated value of $3,412.50 Ticker: BYQTJ RMBS AUG 75s Puts - 2 contracts for an estimated value of $2,400. Ticker: BYQTO JNPR Aug 160s Puts - 2 contracts for an estimated value of $4,025. Ticker JUDTL. Cash $4,050 (Today's proceeds) + $2,575 (existing cash) = $6,625. Total Account Value = $16,465.50 Total estimated profit = $6,465.50 or 64.6% in less than 1 week. I think I like this game. I sure wish it wasn't only on paper... -Clappy

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