PT stock option journal

C

cashmoney69

Starting with 100,000 fake dollars. lol, this should be interesting, considering the fact that I have really no idea what I'm doing. :p

commissions are 7.00 / contracts are 1.25
--

ok, so here's my first trade:

10 CAT may 07 calls @ 67.50 strike

commission + 1.25 * 10 contracts *1000 shares ..I think thats right

total cost: 1,257.00
 
Quote from cashmoney69:

Starting with 100,000 fake dollars. lol, this should be interesting, considering the fact that I have really no idea what I'm doing. :p

commissions are 7.00 / contracts are 1.25
--

ok, so here's my first trade:

10 CAT may 07 calls @ 67.50 strike

commission + 1.25 * 10 contracts *1000 shares ..I think thats right

total cost: 1,257.00
More...

--

Closes at 72.67 on may 7th...

1. 72.67 - 67.50 = 5.17pts

2. 5.17pts x contracts(1000 shares) = 5,170.00

3. commission = 1,257.00

4. profit = 3,913.00 :D
 
Going to try and get back into this journal.

H&R Block Straddle play for earnings this coming week.

3 july 25.00 calls
3 july 25.00 puts

cost of trade (7.00 per trade/ 1.25 per contract) : 21.50
 
closing out the Straddle trade:

3 july 25 calls
bought for .05
sold for .05 (break even)
3 july 25 puts
bought for 4.00
sold for 3.50 (up .50 )

profit on trade .50 cents on 300 shares --> 107.00 after 43.00 in commission.

Little gain because HRB (H&R Block) didnt have blow out earnings which is what is needed for a straddle like this to work. Not bad though for a beginner :D

Balance 104,020.00
 
Quote from cashmoney69:

closing out the Straddle trade:

3 july 25 calls
bought for .05
sold for .05 (break even)
3 july 25 puts
bought for 4.00
sold for 3.50 (up .50 )

profit on trade .50 cents on 300 shares --> 107.00 after 43.00 in commission.

Little gain because HRB (H&R Block) didnt have blow out earnings which is what is needed for a straddle like this to work. Not bad though for a beginner :D

Balance 104,020.00
More...

4% in 6 months. you're a genious. :D
 
Ha ya. I dont know what happened but I drifted away from this

journal for a while. Im just messing with different strategies and

posting the results with over 100k in fake money :cool: There are

so many way to trade options it boggles my mind.
 
Quote from cashmoney69:

Straddle play for DNA (Genentech) earnings on July 14th

5 AUG 85.00 calls @ 1.00
5 AUG 75.00 puts @ 1.95

cost of trade: 26.50
More...

1. This is not a straddle, it is a strangle.

2. The cost of the trade is $2.95 per strangle or $295. For 5 of them the cost is $1,475.00
 
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