ESXB CHKP Jan 57.50 call = 2900% profit and DLTR Jan 55 call =1600% profit. Will apply profits to lower the BE on the remaining spread legs.
10/23/12
• Ocean Man: How can you have more than 100% profit on a Buy To Close???
10/23/12
• swingtrader427: 10 contracts STO FOR \$1.50 (10 x 100 shares x \$1.50 = \$1500) and ESXB for \$.05 (10 x 100 shares x .05 = \$50) \$1500 - \$50 = \$1450/\$50 = 29
10/24/12
• Ocean Man: That's some hilarious math.
10/24/12
• swingtrader427: It's not hilarious math. The profit is based on the # of contracts. The cost is \$50 and the profit is the sell price - the cost = \$1450.
10/26/12
• swingtrader427: Sales price - cost = Profit. Profit / cost = ROI. If you bought Apple stock for \$50 and now its \$600, your profit is more than 100%
10/26/12
• Ocean Man: You couldn't be more wrong. You divide dollar amount of gain by amount at risk. And your risk on this trade was infinite.
10/26/12
• jamesingram32: are you confusing the option price and the contract price. I don't see the 1000sss% profit there?
7/29/13
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