OTCQX:CNSNF - Post by User
Post by
krishakon Apr 11, 2016 1:14pm
90 Views
Post# 24752407
This is what I've been trading...
This is what I've been trading...while I wait for CEM to awaken from its deep slumber. I bought 250 April calls on ABX for $0.08 a contract. I sold them a couple of weeks ago when I had more than a 10-bagger. Each $0.08 call was trading at $0.85, so I had made $21,250 from my initial investment of $1,916. Today the options are trading at over $4.0, so I would have $100,000 if I had kept them a little longer. That's often how it goes with option trades, - it is also very easy to loose everything when you get the timing wrong.
-ABX160415C12CALL (ABX) BARRICK GOLD CORP APR 15 16 $12 (100 SHS)
$0.850 +$0.26
+$6,500.00
+44.07%
+$19,333.77+1,008.95%
$21,250.00 250
(Margin)
$0.08/Share $1,916.23 = THIS WAS THE COST OF THIS POSITION.
—