Thread: Money Investing megathread extravaganza
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Old 01-08-2017, 09:46 PM   #510
scho63 scho63 is offline
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Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $-700000
Quote:
Originally Posted by RubberSponge View Post
Bought 12 calls on USO last Friday at .07. Opening bell today they jumped to .18. On a $72 dollar investment the return so far is 175%. Market value of $218.

USO 10.5 put's are basically kaput but no reason not to see it to the end. $70 investment has a market value of $15. Loss of market value, 81%. No reason not to ride it out.

BAC I won't get too specific but market value on initial investment has risen 201% in less than 10 days.

Options are so fun.
I don't see how you can make much money with the commissions eating up profits on these low dollar trades.

I trade options as well but usually $1,200-$5,000 and I like lot's of leverage like you do by buying some that are under .25 a contract. I've just missed some real grand slams.
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