News Focus
News Focus
Followers 79
Posts 11181
Boards Moderated 0
Alias Born 11/18/2006

Re: blasher post# 41033

Saturday, 02/16/2008 1:30:43 PM

Saturday, February 16, 2008 1:30:43 PM

Post# of 398885
Not too Blashful ONE... the $18.28 represents points as in I bought the Q's for 44.00 and sold for 45.00 and made $1.00?

We made $18.28 or 40.3% (18.28 into the OE pivot 45.35)!

If you trade only 100 shares then you made $1,828, and if you traded 1000 shares then you made $18,280 (this is how much we made since we base our entire OE gain on 10 contracts or controlling 1000 shares).

We take $18,280 dollars into $45,350 (OE pivot x 1000 shares), and we get 40.3% ($18,280 into $45,350 = 40.3%).

Hope this helps all gain comprehension in regard to the gains reported and positions traded?

There are 100 shares per contract, hence, 10 contracts x 100 = 1000 shares. Often we'll take a Double (20 contracts), Quad (40 contracts), but we Always report the gain based on 10 contracts or 1000 shares?

We post our single, DOUBLE, and QUAD trades every day and also report the gain on said trades but it always comes back to 1000 shares?

Examples:

Sold to Close Feb44 calls 1.25 (Quad), .25 gain, post as 1.00 since its a Quad!

Translation:

Sold to Close Feb44 calls at 1.25 (Quad), .25 gain ($1000), post as 1.00 since its a Quad ($1000)!

$1000 divided by 4000 contracts = .25 gain, but since we base ALL gains on 1000 shares or 10 contracts then its posted as 1.00 ($1000 divided by 1000 = 1.00 gain)?

We ended with $18.28 in total gains or 1000 shares x $18.28 = $18,280 in total appreciation. That said, we NEVER had more than $45,350 of our account deployed during this OE period, most of the time half that amount, until the 15Feb when we bought the additional Mar41 calls! That purchase took us to a Quad position with a cost of $-28000 taking our TOTAL allocated Funds to just over $52k, BUT, remember we had over $14k in net gains going into 15Feb so $52k less 14k in gains = $38k of net Cash Deployed, How Cool is dat!

We now start the MarOE with 80 reakin Mar41 calls options and ZERO Short positions, OUCH, with a Down week 4cast for next week we'll have to get our SorryAsskies BUSY and initiate come short trades before we loose our Buttskies, LOL!

Sumptin tells me dat we'll figure out a way to configure pawns, bishops, and knights at strategic lines of meaning so as to be Armed and Ready to Bee dare when da-Boyz decide to make a RUN for said lines of meaning, YOU GO BOYZ!

Translation... we'll be a Covering our Buttskies as always regardless of da-TA, Charts, Fibs, lines OR who da-Boyz wanna DUP next, LOL, YOU GO BOYZ (there's No Translation for "You GO BOYZ")!

Warm regards later DUDE,
nm
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent SPY News