AI
Wednesday, May 18, 2005 1:11:51 PM
Bank Index ($BKX) Position Closed for 40% Gains
Just got an email from my broker that my Philadelphia Bank Index Sep $105 Call option target price was hit. It was sold at $1.40 (bought at $1.00) for a gain of 40%. I should've raised the target a little bit.
It took about a month for the technical formation to complete. So, the annualized return is about 480%. Please refer to the previous "threads" for more technical details.
Just got an email from my broker that my Philadelphia Bank Index Sep $105 Call option target price was hit. It was sold at $1.40 (bought at $1.00) for a gain of 40%. I should've raised the target a little bit.
It took about a month for the technical formation to complete. So, the annualized return is about 480%. Please refer to the previous "threads" for more technical details.
David
#board-3693
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