Tuesday, April 7, 2009

Put profits

Earlier in the day you saw that I sold all my gold puts (along with a losing short covering.) All 15 contracts were sold at $31.50 (down from $39.40, after this rise started.)

I started buying them at the end of March (as I explained, we ended up with 5, not 2.) Then, I added ten more later.



Total profit is calculated as follows:
5 contracts purchased at $18.50= $6,500
(minus commissions.)
10 contracts purchased at $26.90= $4,600
(minus commissions.)

These profits are in addition to the currency statements I post all the time. One of the reasons why this account does so well is found when you click the link below this:

No comments:

Post a Comment