News Focus
News Focus
icon url

david_3011

05/18/05 1:11 PM

#166 RE: david_3011 #124

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.