The account's exas trade was settled yesterday at the close of trading. The option expired and the stock was sold. The stock closed above the $5.oo strike price.
The account had an average cost after commissions (both buy and sell) of $4.58. The shares were sold for $5.00. There was a stock price appreciation profit of $0.42 per share. That is a 9.17% profit over a course of seven months. The call revenue generated another $0.58 per share. That is a 12.66% profit on its own over the seven months. The total profit amount of $1.00 per share profit after commissions represents a profit margin of 21.83% over a 7 month time frame.
Thanks to Optionsxpress and Yahoo! Finance for the tools to analyze and execute this trade.
Time to find the next trade!
- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions given to the reader. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material.
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