$12.00 x 1000 = $12,000
$9.00 x 1000 = $9,000
$21,000 / 2,000 = $10.50
EDIT:
Another useful formula is the percentage change between two numbers. I always have to Google that one if I haven't used it in awhile.
:)
oldnemesis ........I suggest you collaborate or get tutoring from botpro
His Continous hedging as a rachet device to lock-in profits thread has some ground breaking ideas when it comes to option trades. You will benefit greatly with his advice.
:)
Re: Registration of shares in IB's name
Could the reason be that it makes it easier for IB to sell them to short sellers? One of IB's advantage is its inventory of shares to sell short.
:)
Isn't it business as usual for GoPro? They are still the number 1 POV camera.
Just because the stock tanked after the IPO doesn't mean the business has failed.
:)
You are not taking into account:
The Risk/Reward ratio of short positions vs long positions.
That the market is irrational and moves in an unpredictable manner.
Credit Spreads have a terrible Risk/Reward ratio and 1 bad trade can easily wipe-out 10 good trades.
:)
No, they were the regular options ...... It was about 2-strikes ( $10.00) OTM with 1 day to expiration - hence the $0.80 price I paid. I sold at $0.10 on expiry day.
GOOGL opened at about $735.00 on Friday and had a range of $10.00 throughout the day - but not in my direction. GOOGL ended up at...
Yes ....... But in your formula you used the value of the OTM Put - $0.25. Is that figure the bid or ask?
EDIT: I highlighted it in red when I quoted your post.
:)