$1000 to $100,000 through options
So I'm going to work this out for some of the guys since they were interested in options play.
You bought Sep 105 Calls and you say you spet $1,000. Options closed at 1.50 so I'm just going to assume you bought 7 calls.
Each of those calls has a 100 multiplier meaning you take the option price, multiply it by 100, and that's what it's worth.
Let's say IDCC stock is at 105 at the end of September Expiration (8 weeks away). Those calls would be worthless so you lose your $1,000 investment.
IDCC Stock < 105, Sep 105 calls are worthless.
IDCC Stock = 105, Sep 105 calls are worthless.
IDCC Stock > 105, Sep 105 calls have value.
Example: IDCC closes at 120 on Sep Expiration. You have 7 calls at the 105 strike. Each call has gained 15 points so you would multiply 15 * 700 = $10,500.
IDCC at 150 = 45 * 700 = $31,500
IDCC at 200 = 95 * 700 = $66,500
In order for those calls to be worth 100,000, you would need IDCC to be trading at 248 by end of Sep Expiration... LMAO!! Not gonna happen!
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