Bragging:
Carra, to follow up with Baidu. I am "conservative" myself since the put I wrote was for strike price $ 100 while the call option was for $ 120. This morning I closed both positions, did not want to be greedy. Just enough to take a cruise for two.
I closed my put position at $ 0.50 giving profit $ 3.50/contract.
I closed my call position at $ 11.50/contract which cost me $ 3.20.
Net cost negative $ 0.30/contract.
Net profit $ 11.40/contract (after commission) yielding $ 11,400 for one day trade.
Bragging math: $ 11,400 gain over negative cost of $ 0.30.
Since we cannot be generous by having cost zero, we cannot calculate the percentage gain by dividing by 0, thus for fun purposes, let's just say that the total cost is one penny.
Therefore, $ 11,400 gain based one $ 0.01 investment is (applause, applause, applause)
114,000,000 % gain in one day!
Just daydreaming: if I had invested $ 10 instead of one penny, I would have passed Bill Gates as the richest man in the world. |
