My two favorites:
Bought 2000 shares V on IPO day for around 59.00, intending to hold the position long-term. Saw $7000-ish showing green a day or two later and sold the whole position. Less than 2 months later V hit 89.00.
In May 2008, BRL stock tanked over some news and the reaction seemed overblown to me. I bought 60 October $45 calls, looking for the stock price to retrace at least halfway between its previous high and the capitulation low. As an "in case I die" item, I sent my husband an email letting him know about the 60 back month calls and in the email made a comment to effect that this one could possibly net us $120K before expiration. Three weeks later, price was pulling back from a nice bounce and I grabbed around $6500 in profits with the intention of putting on the trade again if price retested the pivot low and found support there.
This did indeed occur while we were on vacation in late June and I'd forgotten all about it until I got back in town and saw BRL in pre-market gapped up $10 to $55 a share on a buyout. The day after that it gapped up another $10 to $65 when the buyout terms were finalized.
If I'd held the original position or put on the trade again on the pullback to support what would the profit have been?
Right around $120K.
Bought 2000 shares V on IPO day for around 59.00, intending to hold the position long-term. Saw $7000-ish showing green a day or two later and sold the whole position. Less than 2 months later V hit 89.00.
In May 2008, BRL stock tanked over some news and the reaction seemed overblown to me. I bought 60 October $45 calls, looking for the stock price to retrace at least halfway between its previous high and the capitulation low. As an "in case I die" item, I sent my husband an email letting him know about the 60 back month calls and in the email made a comment to effect that this one could possibly net us $120K before expiration. Three weeks later, price was pulling back from a nice bounce and I grabbed around $6500 in profits with the intention of putting on the trade again if price retested the pivot low and found support there.
This did indeed occur while we were on vacation in late June and I'd forgotten all about it until I got back in town and saw BRL in pre-market gapped up $10 to $55 a share on a buyout. The day after that it gapped up another $10 to $65 when the buyout terms were finalized.
If I'd held the original position or put on the trade again on the pullback to support what would the profit have been?
Right around $120K.
