On April 20, 2011 history was made on EliteTrader

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ForexForex

On April 20, 2011 history was made on EliteTrader in the Options forum. The largest percentage gain trade posted live on EliteTrader, a staggering 770% 2-day trade. Never before has such a trade been posted on ET, this includes all trading products such as stocks, futures, options, fx, etc. This was an Elite Trade. :)

04-18-11 03:45 PM
Bought 10 contracts QQQ Apr 2011 57.00 calls @ $0.10
http://www.elitetrader.com/vb/showthread.php?s=&postid=3157446#post3157446

04-20-11 03:46 PM
Sold at $0.87
http://www.elitetrader.com/vb/showthread.php?s=&postid=3159927#post3159927

P/L: $0.10 to $0.87 = $100.00 to $870.00 = + $770.00 / 770%
Minus about $20.00 commissions.

It will be interesting to see when - or if - this trade is surpassed.

NOTE: If an EliteTrader member entered the same trade one day after my postings the percentage gain would have been about 2000% - The QQQ Apr 2011 57.00 calls dropped to $0.06 on 04-19-11 and traded in the $1.36 range on 04-21-11, which was the last day of trading for the options.
 
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More like one of the most pathetic threads. To make matters worse, your name is forexforex and you're trading index options. The trade is 7.7 times your risk. Nothing to write home about and seen by a handful ofd people on a daily basis. A GS or GOOG black swan option trade and I would have been amused. You really need to get out more.
 
What a great call.

Not sure why people have a hard time giving credit in ET where credit is due. An ego thing maybe ?

Good job ForexForex.

Crazy A
 
Quote from arbprofit2:

I don't want to be a dick, but $100 trade....seriously? $600 profit isn't exactly epic.
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Yeah, I have to agree.

Next time add a few zero's to the position and then we may be interested.

:D
 
Quote from athlonmank8:

More like one of the most pathetic threads. To make matters worse, your name is forexforex and you're trading index options. The trade is 7.7 times your risk. Nothing to write home about and seen by a handful ofd people on a daily basis. A GS or GOOG black swan option trade and I would have been amused. You really need to get out more.
More...

Actually, I am glad he posted this because it is really hilarious... the things I find funny about it are:

1) He posted the thread about himself, like it was 'history-making'
2) The position size he took was tiny
3) It actually shows that he thought he was now a Trading God with his amazing profits.

I think we should encourage these kinds of threads on ET because they really are hilarious...

g
 
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