I haven’t update on my status much! Here’s the new update. Once again, Options pay off!! Recently, I closed my position on one of my trades. And net profit about 10 times of my initial Investment. Off Course, I have some bad trades too. Here’s the Position that I Closed. On 06/15/2012, I bought
|06/15/2012 14:06:52||Bought 2 FB Jan 18 2014 40.0 Call @ 4.2||-847.53|
I think Facebook got a very ruff starting since publicized with the legal issues. FB was trading between $27~$29 on that day. I gambled on my positions when I bought it. I focused on one thing during that time. FB have enormous user based, regardless what are the sh.. situation that they are in. The Elite people on the top will figure out a way to drain in enormous cash from those users. So I bought the position, and hope it would worked out.
To my surprises, FB fell the rock bottom At $17.55 in the next 3 months. My value of the position only have $100 left due the volatility. The worst enemy is yourself. I was thinking damn, I lost it. However, the good thing was, It never fell below $17.55 again, and trading between $18~$23 for the next two months. What could be worst, right? I added 17 more contracts 10/1/2012. It was trading between $21~$23 during that time.
|10/01/2012 14:51:35||Bought 17 FB Jan 18 2014 40.0 Call @ 1.15||-1,974.04|
And my account during that time is not too good.
|10/1/2012 Cash balance||$0.01|
|10/1/2012 Cash balance||-$1,974.04|
|10/1/2012 Money market balance||$2,008.94|
|10/1/2012 Money market balance||$2,008.95|
You noticed the cost of the option from $4.2 to $1.15 per contract. I was making a big gamble. The worst become more worst, it fell to $18 during the next month, but reverse on the following 5 months trading between $19 ~$32. but my position devalue to almost nothing. As you can see the following positions, I added on
|03/27/2013 12:55:29||Bought 16 FB Jan 18 2014 40.0 Call @ 0.37||-610.28|
From $4.2 to $1.15, and now $0.37. I was thinking, win big or nothing. To my surprises, when the earning came announce on 7/25/13. FB figured out how to monetized on Mobile Ads. Finally, big move kicked in. It is ancient history from there, and all the way to $54.
I sold 20 of my contracts on 9/12/13 to protect my profits.
|09/12/2013 11:30:39||Sold 20 FB Jan 18 2014 40.0 Call @ 7.45||14,878.2|
10/31/2013 14:03:22 Sold 10 FB Jan 18 2014 40.0 Call @ 12.2 12,186.04
10/31/2013 15:08:38 Sold 5 FB Jan 18 2014 40.0 Call @ 10.69 5,335.03
Pocket in a nice $32399.27- $3431.85= $28967.42 844% Gain! Risks paid off!
Here’s your chance to make nice profits! Start Now!
- My name is Ryan C. I've been trading stocks, and options for sometimes. I personally operates a Chinese Food Restaurant in Los Angeles. One of my passion is making residual income from trading, and currently heading to the right direction. On this blog, I am just sharing my thoughts, and my personal trading experience while I have time. The course that I recommend onsite because I benefits from it, and hope it will be beneficial to you as well. Happy Trading!!!